Platinum Group Metals Ltd - Mining Stock Analysis & Updates
Latest News and Market Performance for Platinum Group Metals Ltd
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Platinum Group Metals Ltd. Completes Non-Brokered Private Placement
Platinum Group Metals raised $1.008M via private placement with HCI, returning HCI to a 26% stake, for project development and corporate needs.
Platinum Group Metals Ltd. Announces Non-Brokered Private Placement
Platinum Group plans to sell 800,000 shares to HCI for $1.26 each, raising $1 million for project costs, returning HCI to 26%, pending regulatory approval.
Platinum Group Metals Ltd. Reports Second Quarter 2025 Results
Platinum Group Metals Ltd. reports financial results for the six months ending February 28, 2025, focusing on advancing the Waterberg Project in South Africa, aimed at becoming a major low-cost PGM mine. The company also explores using PGMs in battery technologies.
Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders
Platinum Group Metals Ltd. announced positive outcomes from its AGM on February 28, 2025, in Vancouver, with 59.31% shareholder turnout. Shareholders approved the election of six directors and the re-appointment of auditors with high support.
Platinum Group Metals Ltd. Reports First Quarter 2025 Results
Platinum Group Metals Ltd. reports its financial results for Q4 2024 and updates on the Waterberg Project in South Africa, aimed at becoming a major low-cost underground PGM mine. The company is also working on battery technology initiatives using platinum and palladium.
Platinum Group Metals Ltd. Enters Into At-The-Market Equity Distribution Agreement
Platinum Group Metals Ltd. has initiated a new equity distribution agreement to raise up to US$50 million through a 2024 at-the-market equity program, with proceeds aimed at funding the Waterberg Project and related expenses over the next 24 months.
Platinum Group Metals Ltd. Reports 2024 Annual Results
Platinum Group Metals Ltd. has reported its financial results for the fiscal year that ended in August 2024 and provided an update on the progress of its Waterberg Project, a fully mechanized mine focused on platinum, palladium, rhodium, and gold in South Africa. The project, which also includes copper and nickel production, aims to be one of the largest and most cost-effective underground platinum group metals mines globally. Besides, the company is working on a lithium battery technology initiative with Anglo American Platinum Limited and Florida International University. The company has filed its financial statements with Canadian securities regulators on SEDAR+ and with the U.S. Securities and Exchange Commission on EDGAR.
Platinum Group Metals Ltd. and Ajlan & Bros Company for Mining Enter Memorandum of Understanding with the Ministry of Investment of Saudi Arabia as Part of the Global Supply Chain Resilience Initiative for a Proposed PGM Smelter and Base Metal Refinery in Saudi Arabia
Platinum Group Metals Ltd., Ajlan & Bros Company for Mining, and the Ministry of Investment of Saudi Arabia (MISA) have signed a memorandum of understanding (MOU) as part of the Global Supply Chain Resilience Initiative. This MOU is for the establishment of a proposed platinum group metals smelter and base metal refinery in Saudi Arabia. MISA will provide strategic guidance and study potential financial support for the project, which aligns with Saudi Arabia's Vision 2030 initiative to expand its mining and minerals industry. The MOU builds on a cooperation agreement between Ajlan and Platinum Group from December 2023 to study the establishment of the smelter and refinery.
Platinum Group Files Final Base Shelf Prospectus
Platinum Group Metals Ltd. has filed a final short form base shelf prospectus with the securities regulatory authorities in Canada and a corresponding registration statement with the United States Securities and Exchange Commission. This will allow the company to make offerings of up to US$250 million of common shares, debt securities, warrants, subscription receipts or a combination thereof. The proceeds from any sale of securities will be used for business advancement and general corporate purposes. This replaces the company's previous registration statement filed in 2022, which expired in July 2024, to enhance financial flexibility. Future offering specifics will be established in a prospectus supplement.
