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4週前
Greenland Mines Just Reported PdEq Grades Up 45-55% in MetalPrice Sensitivity Work at One of the World's Largest Undeveloped Pd-Au-Pt DepositsMay 7, 2026 10:09 AM
PR Newswire (US) Issued on behalf of Greenland Mines LtdEquity Insider News CommentaryCHARLOTTE, N.C., May 7, 2026 /PRNewswire/ -- Companies Mentioned: Greenland Mines Ltd (NASDAQ: GRML) Ivanhoe Mines (OTCQX: IVPAF) Platinum Group Metals Ltd (NYSE American: PLG) Newmont (NYSE: NEM) Kinross Gold (NYSE: KGC) KEY TAKEAWAYSGreenland Mines Ltd. (NASDAQ: GRML) has reported the results of an independent metal-price sensitivity analysis on its Skaergaard Project, completed by SLR Consulting, indicating PdEq grade increases of 45% (Indicated) and 55% (Inferred) versus the existing 2022 base case — together with 16.58 Moz PdEq Indicated and 21.92 Moz PdEq Inferred in the illustrative high-price sensitivity case at $5,000/oz Au.SLR's analysis applies updated long-term gold, palladium and platinum price assumptions to the existing 2022 underground-constrained Mineral Resource model, holding the geologic model, drill database, cut-off (1.43 g/t PdEq), and classification criteria unchanged — isolating metal-price leverage as a single, clean variable.Greenland Mines holds an 80% direct interest in the Skaergaard Project with an option to acquire the remaining 20%, on what it describes as one of the largest undeveloped palladium-gold-platinum deposits in the world.The 2026 program will begin to evaluate open-pit and bulk-mining scenarios alongside underground concepts — a strategic shift that could materially expand the resource base again, this time on a mine-method basis rather than a pricing basis.The sensitivity work reinforces a thesis already unfolding across the PGM and gold complex, where Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has just hit three Phase-2 expansion milestones at Platreef, Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) is advancing the Waterberg DFS update, and Newmont (NYSE: NEM) and Kinross Gold (NYSE: KGC) have just delivered standout Q1 2026 results into a $4,800–$4,900/oz realized gold price environment.Once in a generation, the precious-metals industry produces a piece of technical work whose implications are larger than the work itself.The Skaergaard Project sits in Southeast Greenland, hosted in the Eocene-age Skaergaard intrusion — one of the most studied layered mafic intrusions on Earth. Its precious-metals potential has been recognized academically since the 1990s. What had not been quantified until recently was just how much the deposit's economics would shift under modern long-term metal-price assumptions.This week, Greenland Mines Ltd. (NASDAQ: GRML) answered that question.The Company reported the results of an independent metal-price sensitivity analysis completed by SLR Consulting (Canada) Ltd. — the same Qualified Person firm that authored the November 22, 2022 NI 43-101 Technical Report on Skaergaard. Applied to the existing 2022 underground-constrained Mineral Resource model, with all geologic and technical inputs held constant, the high-price sensitivity case indicates 16.58 million ounces of palladium-equivalent Indicated and 21.92 million ounces of palladium-equivalent Inferred. Average PdEq grades increase by 45% (Indicated) and 55% (Inferred) against the 2022 base case.This is not a new resource estimate. It is something arguably more useful for an investor evaluating where Skaergaard sits within the broader PGM and gold supply story: a clean, single-variable read on the deposit's leverage to metal prices, performed on the existing 2022 underground constrained Mineral Resource model without changing tonnages, classification or cutoff grade.THE TECHNICAL FRAMINGThe work isolates one variable. SLR retained the 2022 block model, the same drill database, the underground mining shape, the 1.43 g/t PdEq cut-off, the bulk density of 3.12 t/m³, the classification criteria, and every other technical assumption. Only metal-price assumptions and the resulting PdEq conversion factors changed.Three sensitivity cases were constructed:Low case: $1,725/oz Pd, $3,000/oz Au, $2,100/oz PtMedium case: $1,725/oz Pd, $3,500/oz Au, $2,100/oz PtHigh case: $1,800/oz Pd, $5,000/oz Au, $2,175/oz PtThe 2022 base case had used $1,725/oz Pd, $1,800/oz Au, and $1,250/oz Pt. SLR considers the high price sensitivity case relatively aggressive and views the Low and Medium cases as more reasonable long term reference points for any future Mineral Resource update, alongside updated cost assumptions.Two observations matter here. First, even the low sensitivity case lifts the in-situ PdEq content meaningfully versus the 2022 base case. Second, the dominant variable in the high case is the gold price — moving from $1,800 to $5,000 per ounce — which reflects the actual move that has occurred in the gold market since the 2022 Technical Report was filed. Spot gold has averaged above $4,500/oz through the first quarter of 2026, with senior producers reporting realized prices of approximately $4,873–$4,900/oz.Put differently: the high-price sensitivity case is not purely hypothetical. It is broadly aligned with where the gold price has recently traded, and the direction of major banks' long-term forecasts revisions, while still representing an upside price scenario.In its memorandum, SLR also recommends that any future Mineral Resource updates for Skaergaard be reported on a net smelter return (NSR) basis rather than using metal equivalents, to better reflect horizon by horizon value distribution and evolving SK 1300/NI 43101 practice.WHAT THE NUMBERS SHOWThree structural points stand out across the SLR sensitivity table.First, the H5 horizon — historically the highest-grade zone in the deposit — sees the most aggressive grade uplift, with Indicated grade moving from 2.85 g/t PdEq (2022) to 6.56 g/t PdEq (high case), and Inferred grade moving from 2.49 g/t PdEq to 5.57 g/t PdEq. This is the kind of grade profile that, in principle, could materially influence the underlying mining economics of a project — for example in cut-off discussions and early-mine cash-flow modelling — once formal economic studies are completed.Second, total Indicated PdEq content increases from 11.41 Moz (2022) to 16.58 Moz (high case) — a 45% step-up. Total Inferred PdEq content increases from 14.11 Moz to 21.92 Moz — a 55% step-up. These uplifts compound across the full deposit.Third — and most important for a forward-looking thesis — the Company has signaled that this sensitivity work is only the first lever it intends to pull. The 2026 program will begin evaluating open-pit and bulk-mining scenarios alongside underground concepts. The 2022 Mineral Resource was constrained by an underground-only mining shape. A bulk-tonnage scenario, where supported by geotechnical and geophysical data, has the potential to expand the resource base on a mine-method basis — independent of any further metal-price assumption. That is two distinct levers, applied sequentially, on a deposit that already ranks among the largest undeveloped Pd-Au-Pt systems in the world.THE STRATEGIC ARCHITECTUREThe technical foundation surrounding this announcement is unusually well-built for a company of Greenland Mines' stage. The Company has assembled three world-class consultants around the Skaergaard Project on a rapid cadence over recent months:SLR Consulting as Geological Consultant and Qualified Person — the same firm that prepared the 2022 NI 43-101 Technical Report and the current Mineral Resource Estimate, bringing zero relearning curve into the 2026 program;GTK Mintec for metallurgical and pilot-scale processing test work at the Geological Survey of Finland's mineral processing facility in Outokumpu — one of the most established industrial-scale pilot platforms in Europe; andWSP for the environmental baseline study required under Greenlandic mining law.President Bo Møller Stensgaard, Ph.D. framed the work bluntly in the Company's announcement: "The SLR sensitivity work crystallizes what makes Skaergaard so compelling. On the same conservative 2022 block model, simply applying a more gold-bullish long-term price deck takes the combined Pd-Au-Pt expression up by approximately 50%, with strong equivalent grade uplift in both the Indicated and Inferred categories. That is the kind of scale and price leverage that long-term institutional and strategic stakeholders and partners are looking for in the next generation of precious- and critical-metal projects."Stensgaard further noted that the 2026 program is fully funded and will run a summer field, drill and bulk-sample campaign, supported by a North Atlantic low-carbon processing strategy — and that the Company sees Skaergaard increasingly as "a future operation in the making, with mine method and metal prices acting as levers on what is already a very large Pd-Au-Pt and critical-metals system."For any investor whose mental model of a junior PGM developer involves long timelines and uncertain fundamentals, this is a different posture entirely.MACRO BACKDROP: THE PGM AND GOLD SUPERCYCLEThe reason this sensitivity work matters now — rather than being a footnote in a quiet quarter — is that the broader precious-metals complex has spent the last twelve months structurally re-rating.Bank of America Global Research raised its 2026 platinum forecast to $2,450/oz (from $1,825) and palladium to $1,725/oz (from $1,525) earlier this year, citing persistent market deficits, trade dislocations, and Chinese demand support including the launch of physically-backed platinum and palladium futures contracts on the Guangzhou Futures Exchange. The World Platinum Investment Council reports that the platinum market entered a third consecutive year of supply deficit in 2025.On the policy side, the U.S. Department of Commerce has estimated a dumping margin of approximately 828% on unworked Russian palladium imports — a number large enough to reshape U.S. import economics if any tariffs are imposed. And on the gold side, senior producer realized prices in Q1 2026 ran $4,800–$4,900/oz — roughly double the 2022 base-case price embedded in the previous Skaergaard Mineral Resource.Against that backdrop, an undeveloped Pd-Au-Pt deposit located in a Western-aligned jurisdiction, with a fully funded 2026 work program, a clean technical foundation, and direct exposure to all three of the commodities driving the macro cycle, occupies a relatively unique position.COMPANIES WORTH WATCHING ALONGSIDE GREENLAND MINESThe PGM-and-gold supply-deficit thesis has produced a clear set of U.S.-listed comparable names. Each has reported material newsflow within the past two weeks tied to the same macro cycle.Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF)On April 23, 2026, Ivanhoe Mines announced the completion of three major project milestones at the Platreef Platinum-Palladium-Nickel-Rhodium-Gold-Copper Mine in Limpopo, South Africa: the completion of construction of the 4 Mt/y Shaft #3, the breaking of ground for the Phase 2 concentrator site, and the commencement of widening of Shaft #2. The Phase 2 expansion is now on track to lift Platreef's annualized production almost five-fold to over 460,000 ounces of platinum, palladium, rhodium and gold (3PE+Au), plus approximately 9,000 tonnes of nickel and 6,000 tonnes of copper. Phase 2 life-of-mine total cash cost is estimated at $599/oz of 3PE+Au, falling to $511/oz after Phase 3 — against a basket spot price of approximately $2,000/oz of 3PE+Au at April 22, 2026. Founder and Co-Chairman Robert Friedland framed Platreef as a "once-in-a-generation geological wonder," with a flat-lying orebody approximately 25 times thicker than typical South African seams. For investors trying to understand what the institutional-grade end of the PGM development pipeline looks like, Ivanhoe is the reference point.Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG)Platinum Group Metals holds a 50.16% interest in the Waterberg Project on the Northern Limb of the Bushveld Complex in South Africa — a palladium-dominant deposit (approximately 63.5% palladium, 28.7% platinum, and 6.2% gold across its 4E reserves) that sits at the institutional-quality end of the development-stage PGM universe. The Company filed the Waterberg Independent Definitive Feasibility Study Update Technical Report and continues to advance Waterberg through the financing and partnership decisions that precede a build. Industry analysts have repeatedly noted Waterberg's structural attractiveness given current PGE prices and the project's modest share count. For investors evaluating where leveraged palladium exposure can be built without taking single-asset African operating risk, PLG is widely cited as the most relevant U.S.-listed name.Newmont (NYSE: NEM)Newmont, the world's largest gold producer, reported its first quarter 2026 results on April 23 and posted what the Company described as record quarterly free cash flow. Reported metrics included an all-time quarterly record of $3.1 billion in free cash flow, $5.2 billion of adjusted EBITDA, $3.3 billion of net income, $2.90 of adjusted EPS, an average realized gold price of approximately $4,900 per ounce, and gold AISC of $1,029 per ounce. The Board authorized an additional $6 billion share repurchase program. Production of 1.3 million attributable gold ounces leaves Newmont on track to meet 2026 full-year guidance of 5.3 million ounces. The relevance for a Pd-Au-Pt developer like Greenland Mines is direct: Newmont's Q1 confirms — at the senior producer level — that the realized-price environment now sits at or above the gold assumptions used in SLR's high-price sensitivity case.Kinross Gold (NYSE: KGC)Kinross Gold reported strong first quarter 2026 results on April 30, with average realized gold price of $4,873 per ounce — up from $2,857 in Q1 2025. Production of 492,563 Au-equivalent ounces was delivered against full-year guidance, and the Company added approximately $440 million in cash to the balance sheet during the quarter, ending Q1 with $2.2 billion of cash and equivalents and approximately $3.9 billion of total liquidity. Capital expenditures stepped up to $283.2 million, driven by development at Great Bear, Curlew, Round Mountain Phase X, and Bald Mountain Redbird Phases 1 and 2. Lobo-Marte's Environmental Impact Assessment was submitted in April, formally initiating permitting on what management has described as a long-life, large-scale growth project. For investors who care about what the gold-price environment looks like operationally — not just on the spot screen — Kinross's Q1 is one of the cleanest available data points in the senior gold space.WHY THIS MATTERS NOWThe combination of fact patterns now in front of investors at Greenland Mines is unusual:A 2022 NI 43-101 Mineral Resource on Skaergaard, prepared by SLR, that already sits among the largest undeveloped palladium-gold-platinum deposits in the world.A 45–55% PdEq grade uplift in the high-price sensitivity case, on the same block model and with all other technical assumptions held constant.16.58 Moz PdEq Indicated and 21.92 Moz PdEq Inferred at metal prices already aligned with where the gold market has traded.A 2026 work program that will begin evaluating open-pit and bulk-mining scenarios — a second, mine-method-based lever that has the potential to expand the resource base again.A fully funded summer field, drill and bulk-sample campaign supported by SLR (geology), GTK Mintec (metallurgy), and WSP (environmental).A direct 80% interest in the Skaergaard Project with an option on the remaining 20%.A North Atlantic low-carbon processing strategy connecting Greenlandic mining to North American and European refining markets.Mineral Resources are not Mineral Reserves, the sensitivity outputs are not standalone Mineral Resource or Reserve figures, and no preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on Skaergaard. Investors should treat the SLR work as illustrative of leverage to long-term metal price environments — which it is — rather than as economic estimates.But the framing matters: Greenland Mines is in possession of one of the largest undeveloped Pd-Au-Pt deposits in the world, has assembled a world-class technical team around it, and has just produced an independent piece of work showing that the deposit's PdEq metal content in the high-price sensitivity case scales 45–55% relative to the 2022 base-case PdEq values, under metal-price assumptions that the market has, in significant part, already met.That is a setup that does not appear often.For more information about Greenland Mines Ltd., please visit: Greenland Mines Ltd – Equity Insider Profile.Article Sources:Greenland Mines Ltd press release, 'Greenland Mines Reports Up To 45%–55% Increase in Palladium Equivalent (PdEq) Grades at Skaergaard in Sensitivity Study,' April 30, 2026.SLR Consulting (Canada) Ltd. NI 43-101 Technical Report on the Skaergaard Project, Southeastern Greenland, effective November 22, 2022.Ivanhoe Mines news release, 'Ivanhoe Mines Announces Completion of Three Major Project Milestones at the Platreef Platinum-Palladium-Nickel-Rhodium-Gold-Copper Mine,' April 23, 2026.Platinum Group Metals Ltd. corporate disclosures and Waterberg Independent Definitive Feasibility Study Update Technical Report.Newmont Corporation, 'Newmont Generates Record Quarterly Earnings and Free Cash Flow, Reports First Quarter 2026 Results and Announces Increased Share Repurchase Authorization,' April 23, 2026.Kinross Gold Corporation, 'Kinross reports strong 2026 first-quarter results,' April 30, 2026.Bank of America Global Research, 2026 PGM and gold price forecasts.World Platinum Investment Council (WPIC) supply/demand commentary.U.S. Department of Commerce preliminary anti-dumping determination on unworked Russian palladium imports.Media Contact
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info @therooster-2873DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Greenland Mines Corp. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of Greenland Mines Corp. but reserve the right to buy and sell, and will buy and sell shares of Greenland Mines Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Greenland Mines Corp. by CDMG. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Cautionary Note Regarding Forward-Looking StatementsThis publication contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management team of Greenland Mines Ltd. and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. The Mineral Resource Estimates referenced in this publication were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established. You should carefully consider the foregoing factors and the other risks and uncertainties described in filings made with the SEC by Greenland Mines Ltd. from time to time, which may be found on the SEC's website at www.sec.gov.Logo: https://mma.prnewswire.com/media/2840019/5955888/Equity_Insider_Logo.jpg View original content:https://www.prnewswire.com/news-releases/greenland-mines-just-reported-pdeq-grades-up-4555-in-metalprice-sensitivity-work-at-one-of-the-worlds-largest-undeveloped-pd-au-pt-deposits-302765757.htmlSOURCE Equity Insider Original: Greenland Mines Just Reported PdEq Grades Up 45-55% in MetalPrice Sensitivity Work at One of the World's Largest Undeveloped Pd-Au-Pt Deposits
US Market News
2月前
Platinum Group Metals Ltd. Reports Second Quarter 2026 ResultsApril 10, 2026 4:30 PM
NewsfileVancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - April 10, 2026) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group", "PTM" or the "Company") reports the Company's financial results for the second quarter of fiscal 2026 dated February 28, 2026, and provides an update and outlook. The Company's material property is the Waterberg project located on the Northern Limb of the Bushveld Complex in South Africa (the "Waterberg Project"). The Waterberg Project is planned as a fully mechanised, shallow, decline access platinum, palladium, rhodium and gold ("4E" or "PGM") mine, including by-product copper and nickel production, and is projected to be one of the largest and lowest cost underground platinum group metals ("PGM" or "PGMs") mines globally. The Company's near-term objectives are to advance the Waterberg Project to a development and construction decision, including the arrangement of construction financing and concentrate offtake agreements. For details of the condensed consolidated interim financial statements (the "Financial Statements") and Management's Discussion and Analysis ("MD&A") for the six months ended February 28, 2026, please see the Company's filings on SEDAR+ (www.sedarplus.ca) or on EDGAR (www.sec.gov). Shareholders are encouraged to visit the Company's website at www.platinumgroupmetals.net. Shareholders may receive a hard copy of the complete Financial Statements and MD&A from the Company free of charge upon request. All amounts herein are reported in United States dollars unless otherwise specified. The Company holds cash in Canadian dollars, United States dollars and South African Rand. Changes in exchange rates may create variances in the cash holdings or results reported.Project Ownership As of February 28, 2026, the Waterberg Project is owned by Waterberg JV Resources (Pty) Ltd. ("Waterberg JV Co."), which is in turn owned by Platinum Group (37.425%), Mnombo Wethu Consultants Proprietary Limited ("Mnombo") (26.0%), HJ Platinum Metals Company Ltd. ("HJM") (21.95%) and Impala Platinum Holdings Ltd. ("Implats") (14.625%). Platinum Group holds a further 12.97% indirect interest in Waterberg JV Co. through a 49.9% interest in Mnombo. HJM was established in 2023 by Japan Organization for Metals and Energy Security ("JOGMEC") and Hanwa Co. Ltd. ("Hanwa") as a special purpose company to hold and fund their aggregate future equity interests in the Waterberg Project. The combined Waterberg JV Co. ownership of JOGMEC (12.195%) and Hanwa (9.755%) were consolidated into a 21.95% interest for HJM going forward, with JOGMEC to fund 75% of future equity investments into HJM and Hanwa the remaining 25%.Since early 2024, Implats has not funded their share of Waterberg Project cash calls and their interest in Waterberg JV Co. has diluted by approximately 0.375%. Platinum Group has funded Implats' shortfall and the Company's direct interest in Waterberg JV Co. has increased concurrently with Implats' dilution. Recent EventsOn March 10, 2026, the Company entered into an Equity Distribution Agreement with BMO Nesbitt Burns Inc. and Beacon Securities Limited (the "Canadian Agents") and BMO Capital Markets Corp. (the "U.S. Agent" and together with the Canadian Agents, the "Agents") for a new at-the-market equity program (the "2026 ATM") to distribute up to $60.0 million (or the equivalent in Canadian dollars) of Common Shares (the "Offered Shares"). The Offered Shares may be issued by the Company to the public from time to time, through the Agents, at the Company's discretion until December 13, 2026. Offered Shares sold under the 2026 ATM will be sold at the prevailing market price at the time of sale. The net proceeds of any such sales will be used for staged development programs at the Waterberg Project and general, corporate and administrative expenses. To date, no sales of Common Shares pursuant to the 2026 ATM have occurred.On September 17, 2025, the board of directors of Waterberg JV Co. unanimously approved a sixth stage of work in the amount of Rand 92.1 million (approximately $5.11 million at the time) for fiscal year 2026 ("Stage Six Budget"), to allow for the continuation of work programs underway. The Stage Six Budget was subsequently approved by a consent resolution of the requisite majority shareholders on September 26, 2025. The interim budget covers the period ending August 31, 2026, and includes some components of a $21.0 million pre-construction work program approved in principle for the Waterberg Project by the directors and shareholders of Waterberg JV Co. on October 18, 2022 (the "Pre-Construction Program"). On May 29, 2025, Platinum Group reported the closing of a non-brokered private placement of common shares of the Company ("Common Shares") at a price of $1.26 per Common Share. An aggregate of 800,000 Common Shares were subscribed for and issued to existing major beneficial shareholder, Hosken Consolidated Investments Limited ("HCI") through its subsidiary Deepkloof Limited, resulting in gross proceeds to the Company of $1.0 million (the "Private Placement"). Closing of the Private Placement allowed HCI to return to a 26% interest in the Company at that time.On February 18, 2025, the board of directors for Waterberg JV Co. unanimously approved a Rand 42 million interim budget (approximately $2.27 million at the time) to allow the continuation of work programs for the Waterberg Project. The interim budget covered the period ending August 31, 2025, and included some components of the Pre-Construction Program. Results For the Period Ended February 28, 2026On December 5, 2024, the Company entered into an Equity Distribution Agreement with the Agents for an at-the-market equity program (the "2025 ATM") to distribute up to $50.0 million of Common Shares. Sales of Common Shares on the NYSE American commenced on January 22, 2025, and to the completion of the 2025 ATM on January 23, 2026, the Company sold an aggregate of 22,726,804 Common Shares at an average price of $2.20 for gross proceeds of $50 million before deducting directly attributable costs paid to the Agents of $1.25 million. During the six month period ended February 28, 2026, 13,785,310 Common Shares were sold at an average price of $2.67 for gross proceeds of $36.82 million before directly attributable costs of $0.92 million.During the six months ended February 28, 2026, the Company incurred a net loss of $3.84 million (February 28, 2025 - net loss of $2.25 million). General and administrative expenses during the period were $2.18 million (February 28, 2025 - $2.0 million). Share based compensation expense was $1.71 million (February 28, 2025 - $0.45 million). The foreign exchange loss recognized in the current period was $0.43 million (February 28, 2025 - gain of $0.15 million) due primarily to the U.S. Dollar falling in value relative to the Canadian Dollar during the period. At February 28, 2026, finance income consisting of interest earned in the six month period amounted to $0.53 million (February 28, 2025 - $0.10 million). Basic and diluted loss per share for the six months ended February 28, 2026, was $0.03 (February 28, 2025 - $0.02). Accounts receivable at February 28, 2026, totalled $0.13 million (August 31, 2025 - $0.08 million) while accounts payable and other liabilities amounted to $1.68 million (August 31, 2025 - $0.78 million). Accounts receivable was comprised primarily of value added taxes repayable to the Company in South Africa. Accounts payable consisted primarily of accruals and payables related to accounting costs, legal costs and project engineering and maintenance costs on the Waterberg Project.Total expenditures on the Waterberg Project, before partner reimbursements, for the six month period ended February 28, 2026, were approximately $1.16 million (February 28, 2025 - $0.99 million). At period end, $55.5 million (February 28, 2025 - $45.9 million) in accumulated net costs were capitalized to the Waterberg Project. Total expenditures on the property since inception to February 28, 2026, are approximately $92.3 million. For more information on mineral properties, see Note 3 of the Financial Statements.OutlookOn September 16, 2024, the Company reported positive results from an Independent Definitive Feasibility Study Update (the "Waterberg DFS Update") for the Waterberg Project. The associated technical report entitled "Waterberg Definitive Feasibility Study Update, Bushveld Igneous Complex, Republic of South Africa", with an effective date of August 31, 2024, was filed on SEDAR+ on October 9, 2024. The Waterberg DFS Update was prepared by independent qualified persons in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and Subpart 229.1300 and Item 601(b)(96) of the SEC's Regulation S-K (collectively, "S-K 1300"). The Waterberg DFS Update included revised mineral resource and mineral reserve estimates. For details of the Waterberg DFS Update see the Company's news release dated September 16, 2024, the MD&A, and the technical report referred to above.Approximately one half of the $21.0 million Pre-Construction Program described above remains to be completed, including proposed work on initial road access, water supply, essential site facilities, a first phase accommodation lodge, a site construction power supply and advancement of the Waterberg Social & Labour Plan ("SLP"). Remaining components are being undertaken in phases as incremental budgets are approved. The Stage Six Budget allows for the continuation of this work during the period ending August 31, 2026. The Company and Waterberg JV Co. are assessing commercial alternatives for mine development financing and concentrate offtake. As a part of the Company's investigation of smelting and base metal refining options, the Company has engaged in discussions with all South African integrated producers with a view to negotiating formal concentrate offtake arrangements for the Waterberg Project. To date no terms have been agreed. As an alternative, over the past three years the Company has studied and proposed the establishment of smelter and base metal refinery facilities located in either Saudi Arabia or South Africa. Before any processing of materials in Saudi Arabia could occur, South African Government authorization for the export of concentrate or matte would be required and such approval has been requested. Senior South African Government officials have stated their preference for beneficiation to occur in South Africa. The Company is also investigating opportunities to collaborate and co-invest with smaller furnace operators in South Africa who are interested to modify and expand their existing operations such that the efficient processing of Waterberg concentrate could be undertaken. In such a scenario the Waterberg Project could be developed in stages so that smelting capacity could also be developed in stages. The base case for mine development in the Waterberg DFS Update is focused first on lower cost, bulk mining of F-Zone material from the F-Central deposit, followed by later mining from the T-Zone. Although no decision has been made to alter the base case scenario, given the current price and outlook for gold, one concept being investigated is to begin staged development at the Waterberg Project, first with decline development into the T-Zone, followed by smaller scale T-Zone mining and then later expansion into the F-Central deposit at the scale planned in the Waterberg DFS Update. As compared to F-Central ore, proven and probable reserves for the T-Zone have a more favourable 4E prill split of approx. 29% platinum (28% F-Central), 51% palladium (66% F-Central), 1% rhodium (1% F-Central) and 19% gold (5% F-Central). T-Zone proven and probable reserves also have a higher 4E grade of 3.84 g/t (2.68 g/t F-Central). The F-Central deposit, with true mining widths (hanging wall to footwall) of up to 107 metres, and with approximately 87% of production planned from mining widths more than 15 metres, is very favourable to low-cost bulk mining. The T-Zone, with approximately 92% of production planned from mining widths between 2.4 metres and 15 metres, and 8% from areas up to 20 metres thick, also allows for bulk mining (being longitudinal longhole stoping), albeit at a higher cost per tonne versus the F-Central deposit.At current metal prices, increased revenue per tonne from mining the T-Zone would more than offset higher mining costs, and may allow for a lower capex, staged development approach as described above. Internal studies are examining the financial impact of deferring capital for power lines, paste backfill, milling capacity, and underground conveyors, while first operating a T-Zone mine before using free cash flow to then develop a second stage F-Central mine. T-Zone ore and waste can be trucked to surface for processing during initial mining stages, allowing for a shortened ore build-up period and a reduced capital footprint in both underground development and other underground infrastructure requirements. The use of Jameson Cell high-intensity, compact flotation technology is also being investigated. The Company continues to work closely with regional and local communities and their leadership on mine development plans to achieve optimal outcomes and best value to all stakeholders. A new five year SLP commencing in 2026 has been developed with community input and submitted to the DMR for review and approval.The Company continues to advance an initiative through Lion Battery Technologies Inc. ("Lion") using platinum and palladium in lithium battery technologies in collaboration with an affiliate of Valterra Platinum Limited (previously Anglo American Platinum Limited) ("Valterra") and Florida International University. The investment in Lion creates a potential vertical integration with a broader industrial market development strategy to bring new technologies to market utilising the catalytic properties of platinum and palladium. The Company and Valterra are currently assessing progress to date and potential next steps towards the commercialisation and promulgation of the developed technology. For more detail, please see the Company's MD&A and current Annual Information Form ("AIF") and Form 40-F.Environmental, Social and GovernancePlatinum Group recently received the 2025 annual Environmental, Social and Governance ("ESG") disclosure report from Digbee Ltd. ("Digbee"), a United Kingdom based company that has developed an industry standard ESG disclosure framework for the mining sector providing a right-sized, future looking set of frameworks against which they can credibly disclose, track, compare and improve their ESG performance. For 2025, Platinum Group achieved an overall score of BBB with a range of CC to AAA based on the information provided. Digbee ESG has been developed in consultation with mining companies, ESG specialists and capital providers and is endorsed by leading financial institutions, producing mining companies and other industry stakeholders. Digbee's reporting framework is aligned with global standards, including the Equator Principles. For more details about the Company's 2025 Digbee ESG Report please refer to the Company's MD&A, AIF and Form 40-F.RegulatoryAs well as the discussions within this news release, the reader is encouraged to also see the Company's disclosure made under the heading "Risk Factors" in the Company's current AIF and Form 40-F.Qualified PersonRob van Egmond, P.Geo., a consultant geologist to the Company and a former employee, is an independent qualified person as defined in NI 43-101. Mr. van Egmond has reviewed, validated and approved the scientific and technical information contained in this news release and has previously visited the Waterberg Project site.About Platinum Group Metals Ltd. and the Waterberg ProjectPlatinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground PGM and base metal deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Mnombo, HJM and Implats.On behalf of the Board of
Platinum Group Metals Ltd. Frank R. Hallam
President, CEO and DirectorFor further information contact:
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net Disclosure The TSX and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. This news release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "may", "plans", "would", "will", "could", "can", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the success of the Company's objective to advance the Waterberg Project to a development and construction decision, the findings of the Waterberg DFS Update, the plan for and development of the Waterberg Project and the potential benefits and results thereof including that it is projected to become one of the largest and lowest cost underground PGM mines globally, financing and mine development of the Waterberg Project, potential commercial alternatives for mine development, sequencing of development activities, potential alternatives to the existing Waterberg Project development plan and any related economic analysis, obtaining concentrate offtake or processing, the size and cost of the Waterberg Project, the economic feasibility of establishing a new PGM smelter and BMR in Saudi Arabia or elsewhere, work with local communities, the ability of the Company to obtain all required permitting, surface access, and infrastructure servitudes, the effect of battery electric vehicles on the market for PGMs, the use of PGMs in solutions to climate change, and the Company's other future plans and expectations. Although the Company believes any forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct.The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements as a result of various factors, including rising global inflation and increased potential supply chain disruptions; the impact of international trade disputes and the imposition of tariffs, international conflict and other geopolitical tensions and events; the Company's inability to generate sufficient cash flow or raise additional capital, and to comply with the terms of any new indebtedness; additional financing requirements; and any new indebtedness may be secured, which potentially could result in the loss of any assets pledged by the Company; the Company's history of losses and negative cash flow; the Company's properties may not be brought into a state of commercial production; uncertainty of estimated production, development plans and cost estimates for the Waterberg Project as reported in the Waterberg DFS Update; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, between actual and estimated metallurgical recoveries and between estimated and actual production; fluctuations in the relative values of the U.S. Dollar, the South African Rand and the Canadian Dollar; volatility in metals prices; the uncertainty of alternative funding sources for Waterberg JV Co.; the Company may become subject to the U.S. Investment Company Act; the failure of the Company or the other shareholders to fund their pro rata share of funding obligations for the Waterberg Project; any disputes or disagreements with the other shareholders of Waterberg JV Co. or Mnombo; the ability of the Company to retain its key management employees and skilled and experienced personnel; conflicts of interest; litigation or other administrative proceedings brought against the Company; actual or alleged breaches of governance processes or instances of fraud, bribery or corruption; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and South Africa; equipment shortages and the ability of the Company to acquire necessary access rights and infrastructure for its mineral properties; environmental regulations and the ability to obtain and maintain necessary permits, including environmental authorizations and water use licences; extreme competition in the mineral exploration industry; delays in obtaining, or a failure to obtain, permits necessary for current or future operations or failures to comply with the terms of such permits; risks of doing business in South Africa, including but not limited to, labour, economic and political instability and potential changes to and failures to comply with legislation; pandemics and other public health crises; the Company's common shares may be delisted from the NYSE American or the TSX if it cannot maintain compliance with the applicable listing requirements; and other risk factors described in the Company's most recent AIF and Form 40-F, other filings with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedarplus.ca, respectively. Proposed changes in the mineral law in South Africa, if implemented as proposed, may have a material adverse effect on the Company's business and potential interest in projects. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether because of new information, future events or results or otherwise.The Waterberg DFS Update has been prepared in accordance with NI 43-101 and S-K 1300. The technical and scientific information contained in this news release has been prepared in accordance with NI 43-101, which differs from the standards adopted by the SEC. Accordingly, the technical and scientific information contained in this news release, including any estimates of mineral reserves and mineral resources, may not be comparable to similar information disclosed by U.S. companies subject to the disclosure requirements of the SEC.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291876
Original: Platinum Group Metals Ltd. Reports Second Quarter 2026 Results
US Market News
3月前
Platinum Group Metals Ltd. Enters Into At-The-Market Equity Distribution AgreementMarch 10, 2026 5:59 PM
NewsfileVancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - March 10, 2026) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") reports that it has entered into a new equity distribution agreement effective as of March 10, 2026 (the "Distribution Agreement") with BMO Nesbitt Burns Inc. and Beacon Securities Limited (the "Canadian Agents") and BMO Capital Markets Corp. (the "U.S. Agent" and together with the Canadian Agents, the "Agents") for a new at-the-market equity program ("2026 ATM Program"). As previously announced, the Company established an at-the-market equity program on December 5, 2024 (the "2024 ATM Program") pursuant to a prospectus supplement dated December 5, 2024 to the Company's short form base shelf prospectus dated November 13, 2024. As of January 2026, the Company's 2024 ATM Program has been completed in full.The Distribution Agreement will allow the Company to distribute up to US$60.0 million (or the equivalent in Canadian dollars) of common shares of the Company (the "Offered Shares") under the 2026 ATM Program. The Offered Shares will be issued by the Company to the public from time to time, through the Agents, at the Company's discretion. The Offered Shares sold under the 2026 ATM Program, if any, will be sold at the prevailing market price at the time of sale. The net proceeds of any such sales under the 2026 ATM Program are anticipated to be used, over the following 24 months, for (i) staged development programs at the Company's Waterberg Project; and (ii) general corporate and administrative purposes.Under the Distribution Agreement, sales of Offered Shares will be made by the Agents through "at-the-market distributions" as defined in National Instrument 44-102 - Shelf Distributions on the Toronto Stock Exchange ("TSX"), NYSE American, LLC ("NYSE American") or any other trading market for the Offered Shares in Canada or the United States or as otherwise agreed between the Agents and the Company. The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. Unless earlier terminated by the Company or the Agents as permitted therein, the Distribution Agreement will terminate upon the earlier of (i) December 13, 2026 and (ii) the date that the aggregate gross sales proceeds of the Offered Shares sold under the 2026 ATM Program reaches the aggregate amount of US$60.0 million (or the equivalent in Canadian dollars). The 2026 ATM Program is being made pursuant to a prospectus supplement to the Company's short form base shelf prospectus dated November 13, 2024 and forming a part of the Company's U.S. registration statement on Form F-10 filed October 31, 2024, as amended on November 13, 2024. The prospectus supplement relating to the 2026 ATM Program has been filed with the securities commissions in each of the provinces and territories of Canada and with the United States Securities and Exchange Commission. The Company has relied on the exemption for "Eligible Interlisted Issuers" under Section 602.1 of the TSX Company Manual in connection with the listing of the Offered Shares on the TSX. Copies of the prospectus supplement, the corresponding base shelf prospectus, the Distribution Agreement and other relevant documents are available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Alternatively, copies of the prospectus supplement relating to the 2026 ATM Program, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge upon request by contacting:Canadian Short Form Base Shelf
Prospectus and Prospectus Supplement:
BMO Nesbitt Burns Inc.
Mississauga Distribution Centre C/O
The Data Group of Companies
80 Ambassador Drive
Mississauga, Ontario L5T 2Y9U.S. F-10 Registration Statement,
as amended, and Prospectus Supplement:
BMO Capital Markets
151 W 42nd Street, 32nd Floor
New York, NY 10036
Attention: Equity Syndicate Departmentor by emailing pgardner@datagroup.caor by emailing bmoprospectus@bmo.com This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Platinum Group Metals Ltd. and the Waterberg ProjectThe Waterberg Project was discovered by Platinum Group and is being operated in joint-venture with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd. (“Mnombo”), and HJ Platinum Metals Company Ltd. on behalf of Japan Organization for Metals and Energy Security and Hanwa Co. Ltd.On behalf of the Board of Directors of
Platinum Group Metals Ltd. Frank R. Hallam
President, CEO and DirectorFor further information contact:
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 Disclosure The TSX and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. This news release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "may", "will", "plans", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, the future issuance of Offered Shares sold under the 2026 ATM Program; the ability to allocate of the proceeds from any sale of the Offered Shares as described in the Prospectus Supplement; the aggregate gross proceeds of the 2026 ATM Program; the use of proceeds from any sales of Offered Shares under the 2026 ATM Program; and the Company's other future plans and expectations. Although the Company believes any forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct.The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements as a result of various factors, including but not limited to, the Company may not sell any of the Offered Shares or may raise less than the maximum offering amount under the 2026 ATM Program; management has broad discretion in the use of proceeds from the 2026 ATM Program; compliance with regulatory requirements; the Company's inability to generate sufficient cash flow or raise additional capital, and to comply with the terms of any new indebtedness; additional financing requirements; and any new indebtedness may be secured, which potentially could result in the loss of any assets pledged by the Company; the Company's history of losses and negative cash flow; the Company's ability to continue as a going concern; the Company's properties may not be brought into a state of commercial production; uncertainty of estimated production, development plans and cost estimates for the Waterberg Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, between actual and estimated metallurgical recoveries and between estimated and actual production; fluctuations in the relative values of the U.S. Dollar, the South African Rand and the Canadian Dollar; volatility in metals prices; the uncertainty of alternative funding sources for Waterberg JV Resources (Pty) Ltd ("Waterberg JV Co."); the Company may become subject to the U.S. Investment Company Act; the failure of the Company or the other shareholders to fund their pro rata share of funding obligations for the Waterberg Project; any disputes or disagreements with the other shareholders of Waterberg JV Co. or Mnombo; the ability of the Company to retain its key management employees and skilled and experienced personnel; conflicts of interest; litigation or other administrative proceedings brought against the Company; actual or alleged breaches of governance processes or instances of fraud, bribery or corruption; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and South Africa; equipment shortages and the ability of the Company to acquire necessary access rights and infrastructure for its mineral properties; environmental regulations and the ability to obtain and maintain necessary permits, including environmental authorizations and water use licences; extreme competition in the mineral exploration industry; delays in obtaining, or a failure to obtain, permits necessary for current or future operations or failures to comply with the terms of such permits; risks of doing business in South Africa, including but not limited to, labour, economic and political instability and potential changes to and failures to comply with legislation; pandemics and other public health crises; the Company's common shares may be delisted from the NYSE American or the TSX if it cannot maintain compliance with the applicable listing requirements; and other risk factors described in the Company's most recent Form 40-F annual report, AIF and other filings, including the short form base shelf prospectus, prospectus supplement and the Form F-10 registration statement, with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedarplus.ca, respectively. Proposed changes in the mineral law in South Africa if implemented as proposed would have a material adverse effect on the Company's business and potential interest in projects. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether because of new information, future events or results or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287857
Original: Platinum Group Metals Ltd. Enters Into At-The-Market Equity Distribution Agreement
US Market News
3月前
Platinum Group Metals Announces Positive Results of Annual General Meeting of ShareholdersFebruary 24, 2026 4:30 PM
NewsfileVancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - February 24, 2026) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") is pleased to announce positive results from its Annual General Meeting held on February 24, 2026 in Vancouver, British Columbia. The meeting had a turnout of shareholders representing 51.38% of its issued shares eligible to vote at the meeting. Shareholders expressed strong support for the Board appointments and the resolutions presented. The number of directors is fixed at six. On a show of hands, Shareholders elected management's six nominees as directors. Details of the proxy voting are as follows:DIRECTORNUMBER
OF SHARESPERCENTAGE
OF VOTES CASTFORFORWITHHELDDiana Walters46,567,800 99.64%0.36%Frank Hallam46,533,711 99.57%0.43%Timothy Marlow 46,248,374 98.96%1.04%John Copelyn 37,387,059 80.00%20.00%Stuart Harshaw46,245,845 98.95%1.05%Mpho Makwana46,536,817 99.57%0.43% Shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year, with a remuneration to be fixed by the directors. The resolution was approved by 99.40% of votes cast.In addition, Shareholders approved the Amended Share Compensation Plan, with 78.82% of votes cast in favour, and the Amended and Restated Deferred Share Unit Plan, with 98.11% of votes cast in favour, extending both plans until February 24, 2029.For more information on these matters, please refer to Platinum Group's information circular, available on SEDAR+ at www.sedarplus.ca or at www.platinumgroupmetals.net.About Platinum Group Metals Ltd. Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being operated in joint venture with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd., and HJ Platinum Metals Company Ltd. on behalf of Japan Organization for Metals and Energy Security and Hanwa Co. Ltd. On behalf of the Board of
Platinum Group Metals Ltd. Frank R. Hallam
President and CEOFor further information contact:
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / www.platinumgroupmetals.net Disclosure The Toronto Stock Exchange and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. This press release may contain forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. The Company directs readers to the risk factors described in the Company's annual information form, Form 40-F annual report and other filings with the Canadian securities regulators and the Securities Exchange Commission, which may be viewed at www.sedarplus.ca and www.sec.gov, respectively.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285171
Original: Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders