Welcome to our dedicated page for Platinum Group news (Ticker: PLG), a resource for investors and traders seeking the latest updates and insights on Platinum Group stock.
Platinum Group Metals Ltd. (PLG) news coverage centers on its progress advancing the Waterberg Project, a planned bulk underground platinum group metals mine on the Northern Limb of the Bushveld Complex in South Africa. Company news releases regularly discuss the project’s status as a fully mechanised, shallow, decline-access platinum, palladium, rhodium and gold operation with by-product copper and nickel, and provide updates on technical studies, joint venture budgets and development planning.
Investors following PLG news will see detailed reporting on quarterly and annual financial results, including net losses typical of a development-stage miner, general and administrative expenses, share-based compensation and finance income. Releases also describe the level of expenditures capitalized to the Waterberg Project and summarize key elements of the company’s outlook, which emphasizes moving toward a development and construction decision.
Another major theme in Platinum Group Metals Ltd. news is project ownership and joint venture activity. Updates explain the ownership structure of Waterberg JV Resources (Pty) Ltd., the roles of partners such as Mnombo, HJ Platinum Metals Company Ltd. and Impala Platinum Holdings Ltd., and how capital expenditure restrictions at Implats have led to small dilutions of its interest when it has not funded certain cash calls.
News items also cover financing and capital markets transactions, including at-the-market equity programs, non-brokered private placements with major shareholder Hosken Consolidated Investments Limited and the filing of a Canadian short form base shelf prospectus and U.S. Form F-10 registration statement. In addition, readers will find updates on the Waterberg Definitive Feasibility Study Update, smelting and refining studies with Ajlan & Bros and MISA in Saudi Arabia, and the company’s battery technology initiative through Lion Battery Technologies Inc.
For investors and observers, the PLG news page provides an ongoing record of technical, financial and strategic developments affecting the Waterberg Project and the company’s broader PGM-related initiatives.
Platinum Group Metals (NYSE American: PLG; TSX: PTM) entered an at-the-market equity distribution agreement effective March 10, 2026 to raise up to US$60.0 million of common shares under a 2026 ATM Program.
Proceeds are expected to be used over 24 months for staged development at the Waterberg Project and general corporate and administrative purposes. The agreement terminates on December 13, 2026 or earlier if the US$60.0 million cap is reached.
Platinum Group Metals (NYSE American: PLG) reported results from its Annual General Meeting held February 24, 2026 in Vancouver. Shareholders representing 51.38% of outstanding voting shares attended. Management's six director nominees were elected and auditors PricewaterhouseCoopers LLP were re-appointed.
Shareholders approved the Amended Share Compensation Plan (78.82% for) and the Amended and Restated Deferred Share Unit Plan (98.11% for), each extended to February 24, 2029. The auditor re-appointment passed with 99.40% of votes cast.
Platinum Group Metals (NYSE American: PLG) reported Q1 FY2026 results for the period ended November 30, 2025, and provided a Waterberg Project update and outlook.
Key points: a net loss of $1.84 million for the quarter; $51.2 million in accumulated net costs capitalized to Waterberg; total project spend since inception of $91.6 million; 2025 ATM sales totalling $40.0 million gross (19,331,648 shares). Waterberg JV approved a Stage Six Budget of Rand 92.1 million (~$5.11 million) for work through Aug 31, 2026. Management is pursuing development financing, concentrate offtake options and staged mine-development alternatives.
Platinum Group Metals (NYSE American: PLG) reported annual results for the year ended August 31, 2025 and updates on the Waterberg Project in South Africa.
Key points: the company recorded a net loss of $4.54M, capitalized $49.2M to Waterberg (total project spend ~$91.1M to date), completed a Waterberg DFS Update, and sold Common Shares under a 2025 ATM program for gross proceeds of ~$22.36M (8.94M sold in‑period at $1.47 avg; 3.73M sold post‑period at $2.46 avg). Joint venture ownership and funding dynamics changed after Implats paused cash calls; PTM funded shortfalls increasing its direct interest.
Platinum Group Metals Ltd. (NYSE American: PLG) has reported its financial results for the nine months ended May 31, 2025, highlighting its focus on advancing the Waterberg Project in South Africa. The company posted a net loss of $3.40 million, an improvement from the $4.02 million loss in the same period last year.
Key developments include closing an $1.0 million private placement, implementing a $50 million ATM equity program which has raised $12.27 million to date, and signing an MOU with Ajlan & Bros and Saudi Arabia's Ministry of Investment for a potential PGM smelter and base metal refinery. The company also reported positive results from its Waterberg DFS Update and approved a Rand 42 million interim budget for project continuation.
The Waterberg Project, owned 37.32% by Platinum Group (plus 12.97% indirect interest), is planned as a fully mechanized PGM mine projected to be one of the largest and lowest-cost underground platinum operations globally.Platinum Group Metals Ltd. (NYSE American: PLG) has completed a non-brokered private placement with major shareholder Hosken Consolidated Investments Limited (HCI). The company issued 800,000 common shares at US$1.26 per share, raising gross proceeds of US$1,008,000. The placement allows HCI, through its subsidiary Deepkloof Limited, to maintain a 26% interest in the company.
The proceeds will fund Platinum Group's share of pre-construction site work, engineering, and preparation costs at the Waterberg Project in South Africa, along with general corporate and working capital purposes. The issued securities have a four-month plus one-day trading restriction and are not registered under the U.S. Securities Act of 1933.
[ "Raised US$1,008,000 in gross proceeds for project development and working capital", "Maintained strategic partnership with major shareholder HCI at 26% ownership", "Funds secured for pre-construction activities at Waterberg Project" ]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.