Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders

Rhea-AI Summary

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.

News Market Reaction – PLG

+1.96%

6 alerts

+1.96% Session close to close

+16.7% Peak Tracked

-2.8% Trough Tracked

$313.82M Market Cap

0.2x Rel. Volume

In the Feb 25 session, PLG gained 1.96%, reflecting a mild positive market reaction. Argus tracked a peak move of +16.7% during that session. Argus tracked a trough of -2.8% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms solid shareholder backing, with 51.38% turnout, all six directors elected...

Analysis

This announcement confirms solid shareholder backing, with 51.38% turnout, all six directors elected, and key incentive plans extended to February 24, 2029. It follows recent filings detailing net losses and substantial Waterberg project investment, so investors may frame this as governance continuity rather than a new financial catalyst. Points to monitor include future Waterberg funding updates, any revisions to capital plans, and how compensation structures align with project milestones.

Key Figures

AGM turnout: 51.38% of issued shares Board size: 6 directors Votes for Walters: 99.64% for, 0.36% withheld +5 more

8 metrics

AGM turnout 51.38% of issued shares Shares eligible to vote at Feb 24, 2026 meeting

Board size 6 directors Number of directors fixed at the AGM

Votes for Walters 99.64% for, 0.36% withheld Election of director Diana Walters

Votes for Hallam 99.57% for, 0.43% withheld Election of director Frank Hallam

Votes for Marlow 98.96% for, 1.04% withheld Election of director Timothy Marlow

Votes for Copelyn 80.00% for, 20.00% withheld Election of director John Copelyn

Auditor approval 99.40% of votes cast Re‑appointment of PricewaterhouseCoopers LLP

Comp/DSU plans 78.82% and 98.11% in favour Amended Share Compensation Plan and Deferred Share Unit Plan approvals

Historical Context

2 past events · Latest: Jan 14 (Negative)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 14	Quarterly results update	Negative	-0.4%	Q1 FY2026 net loss and Waterberg project spend and budgeting update.
Nov 26	Annual results update	Negative	+3.4%	2025 annual net loss, Waterberg DFS update, and ATM share sales disclosure.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent fundamental updates produced mixed price reactions: one modest decline on quarterly results and a subsequent gain on annual results and project updates, suggesting no consistent pattern yet in how the stock trades around fundamental disclosures.

Recent Company History

Over the last few months, Platinum Group Metals has focused investor attention on financial performance and the Waterberg Project. On Nov 26, 2025, the company reported 2025 annual results with a net loss and Waterberg feasibility work, and the stock rose 3.35%. On Jan 14, 2026, Q1 FY2026 results, including a quarterly net loss and updated project spending, coincided with a -0.36% move. Today’s AGM outcome, with strong director and plan approvals, follows these fundamental updates in a generally constructive governance backdrop.

Key Terms

share compensation plan, deferred share unit plan, information circular

3 terms

share compensation plan financial

"Shareholders approved the Amended Share Compensation Plan, with 78.82% of votes cast in favour"

A share compensation plan is a program through which a company pays employees, directors or contractors with company stock or the right to buy stock instead of, or in addition to, cash. It matters to investors because it can align workers’ incentives with company performance—like giving bakers a slice of the bakery so they try to boost sales—but it also increases the total number of shares and can reduce the ownership and earnings attributed to each existing share.

deferred share unit plan financial

"the Amended and Restated Deferred Share Unit Plan, with 98.11% of votes cast in favour"

A deferred share unit plan is a pay program that gives executives or directors notional company shares today but delays actual payment until a future date, such as retirement or a set vesting time. Like a savings account that converts into cash or stock later, it ties pay to long-term company performance and timing, so investors watch it for its effects on future share dilution, executive incentives, and management’s incentives to grow shareholder value.

information circular regulatory

"refer to Platinum Group's information circular, available on SEDAR+ at www.sedarplus.ca"

An information circular is a formal document sent to shareholders before a corporate vote or major transaction that explains the proposal, background facts, financial terms, potential conflicts of interest and how to cast a vote. It matters to investors because it provides the key facts and risks needed to make an informed decision about their shares, like a detailed brochure you read before voting in a neighborhood association to understand who benefits and why.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, 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:

DIRECTOR	NUMBER OF SHARES	PERCENTAGE OF VOTES CAST
	FOR	FOR	WITHHELD
Diana Walters	46,567,800	99.64%	0.36%
Frank Hallam	46,533,711	99.57%	0.43%
Timothy Marlow	46,248,374	98.96%	1.04%
John Copelyn	37,387,059	80.00%	20.00%
Stuart Harshaw	46,245,845	98.95%	1.05%
Mpho Makwana	46,536,817	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 CEO

For 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

FAQ

Who were elected to the board at Platinum Group Metals' AGM on February 24, 2026 (PLG)?

All six of management's nominees were elected as directors on February 24, 2026. According to Platinum Group, each nominee received majority shareholder support in the vote, with individual vote percentages reported in the company's proxy voting table.

What percentage of Platinum Group Metals (PLG) shares were represented at the February 24, 2026 AGM?

Shareholders representing 51.38% of issued shares eligible to vote were present at the AGM. According to Platinum Group, that turnout reflects the proportion of voting power exercised at the meeting in Vancouver, British Columbia on February 24, 2026.

What were the vote results for the Amended Share Compensation Plan at PLG's February 24, 2026 AGM?

The Amended Share Compensation Plan was approved with 78.82% of votes cast in favour. According to Platinum Group, the approval extends the plan until February 24, 2029 and was decided by shareholder vote at the AGM.

Did Platinum Group Metals (PLG) re-appoint auditors at the February 24, 2026 AGM and what was the vote?

Yes, PricewaterhouseCoopers LLP were re-appointed auditors for the ensuing year with remuneration fixed by the directors. According to Platinum Group, the auditor resolution passed with 99.40% of votes cast in favour.

What were the proxy vote percentages for individual director candidates at PLG's February 24, 2026 AGM?

Most director nominees received above 98% support; one nominee received 80.00% in the proxy vote. According to Platinum Group, the detailed proxy table lists each director's number of shares and percent of votes cast.