Platinum Group Stock Price, News & Analysis

Platinum Group Metals (NYSE: PLG) has announced a non-brokered private placement to raise US$1,008,000 through the sale of 800,000 common shares at US$1.26 per share to Hosken Consolidated Investments Limited (HCI). The offering price represents a 3.1% premium to the company's 5-day VWAP on NYSE American as of May 9, 2025. The proceeds will fund pre-construction work, engineering, and preparation costs at the Waterberg Project in South Africa, along with general corporate purposes. This placement will restore HCI's ownership stake to 26% in the company. The shares will be subject to a four-month plus one-day trading restriction period following the closing.

Platinum Group Metals (NYSE: PLG) has reported its financial results for the six-month period ended February 28, 2025. The company posted a net loss of $2.25 million, slightly improved from the $2.37 million loss in the same period last year.

Key financial highlights include:

• General and administrative expenses increased to $2.0 million
• Stock-based compensation decreased to $0.45 million
• Basic and diluted loss per share remained at $0.02

The company's main focus remains the advancement of the Waterberg Project, planned as a fully mechanized PGM mine. Recent developments include a Rand 42 million interim budget approval for continued work programs and the establishment of a new $50 million ATM equity program. The company is also exploring PGM smelting opportunities in Saudi Arabia through a partnership with Ajlan & Bros Company.

Platinum Group Metals (TSX: PTM) (NYSE American: PLG) held its Annual General Meeting on February 28, 2025, in Vancouver, with a significant shareholder turnout of 59.31% of eligible voting shares.

The meeting resulted in several key decisions:

• Shareholders voted to fix the number of directors at six
• All six management nominees for directors were elected
• PricewaterhouseCoopers LLP was re-appointed as the company's auditor with 96.99% shareholder approval

Platinum Group Metals (TSX: PTM) (NYSE American: PLG) reported financial results for Q1 2025 ended November 30, 2024. The company posted a net loss of $1.84 million, compared to a $1.56 million loss in the same period last year. The company is advancing the Waterberg Project, planned as a fully mechanized PGM mine projected to be one of the largest and lowest-cost underground platinum group metals operations globally.

Key developments include a new $50 million ATM equity program launched December 5, 2024, and a memorandum of understanding with Ajlan & Bros Company for a proposed PGM smelter and base metal refinery in Saudi Arabia. The company also filed a $250 million shelf prospectus and completed a positive Definitive Feasibility Study Update for the Waterberg Project.

The Waterberg Project ownership structure stands at: Platinum Group (37.19%), Mnombo (26.0%), HJM (21.95%), and Implats (14.86%). The company's primary objective remains advancing the Waterberg Project to development and construction, including securing financing and concentrate offtake agreements.

Platinum Group Metals (PLG) has entered into a new equity distribution agreement for an at-the-market equity program with BMO Nesbitt Burns, Beacon Securities , and BMO Capital Markets Corp. The 2024 ATM Program allows the company to distribute up to US$50.0 million worth of common shares at prevailing market prices.

The net proceeds will be used over 24 months for the Waterberg Project pre-construction work, engineering, potential phase one development, a Saudi Arabia smelter and base metal refinery feasibility study, contingency provision, and corporate expenses. The program will terminate on December 13, 2026, or when gross sales reach US$50.0 million.

Platinum Group Metals reports financial results for fiscal year 2024 and updates on the Waterberg Project, planned as a fully mechanized PGM mine. Key highlights from the Waterberg DFS Update include: 20% increase in mineral reserves to 23.41M 4E oz, extended mine life to 54 years, and robust economics with after-tax NPV of $569M. The project shows strong cash flow potential of $6.50B and reasonable capital requirements of $946M. Financial results show a net loss of $4.58M for FY2024, improved from $5.66M loss in FY2023. The company's primary objective remains advancing Waterberg Project to construction, while also exploring PGM smelter opportunities in Saudi Arabia through a partnership with Ajlan.

Platinum Group Metals (TSX: PTM, NYSE: PLG) has signed a memorandum of understanding with Ajlan & Bros Company for Mining and the Ministry of Investment of Saudi Arabia to establish a PGM smelter and base metal refinery in Saudi Arabia. The agreement, part of the Global Supply Chain Resilience Initiative, supports Saudi Arabia's Vision 2030 to develop its mining sector. A recent market study concluded that end-of-life auto catalysts and petrochemical catalysts from the Gulf Region could supplement the processing of Waterberg PGM concentrate. The project requires long-term approval for exporting unrefined precious metals from South Africa.

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) is positioned for growth in the mining sector amid increasing demand for critical metals. The company's flagship Waterberg Project in South Africa is gaining prominence as global interest in platinum group metals (PGMs) rises. The surge in demand is driven by clean-energy technologies, EVs, and renewable energy systems, which require critical minerals including lithium, cobalt, nickel, and rare earth elements. PGMs are particularly valuable for their catalytic properties and role in automotive pollution control. The sector's outlook is further strengthened by potential supply disruptions and geopolitical tensions affecting the market.

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) is positioning itself in the mining sector amid growing investment interest driven by increasing demand for critical metals. The company's focus is on platinum group metals (PGMs), which are essential for clean-energy technologies, industrial processes, and automotive pollution control.

The company's main asset is the Waterberg Project in South Africa. The current market environment shows strong demand for PGMs due to their important role in autocatalysis and various industrial applications, while potential supply constraints and geopolitical risks are tightening markets.