Platinum Group Metals Ltd.

Platinum Group Metals Ltd. reports the Company's financial results for the six months ended February 28, 2022, and provides a summary of recent events and outlook. The Company is focused on advancing the Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa . The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium mine and is [...]

Platinum Group Metals Ltd. is pleased to announce positive results from its Annual General Meeting held on February 28, 2022 in Vancouver, British Columbia. The meeting had a turnout of shareholders representing 54.42% of its issued shares eligible to vote at the meeting. Shareholders strongly supported the appointment of the Board and the resolutions proposed. The number of directors is fixed at six and on a show of [...]

Platinum Group Metals Ltd. reports the closing on February 11, 2022 of a non-brokered private placement of common shares at price of US$1.695 per common share as previously announced on January 25, 2022. An aggregate of 3,539,823 common shares were subscribed for and issued to existing major beneficial shareholder, Hosken Consolidated Investments Limited , resulting in gross proceeds to the Company of US$6.0 million . On [...]

Platinum Group Metals Ltd. has completed the privately negotiated purchase and cancellation of the Company's US $20 million 6 7/8% Convertible Senior Subordinated Notes due July 1, 2022 pursuant to the agreements previously announced on January 20, 2022. On the purchase of the Notes, the Company issued to the holders, on a private placement basis, an aggregate of 11,793,509 Common Shares of the Company in consideration [...]

Platinum Group Metals Ltd. reports that it intends, subject to regulatory approval, to sell 3,539,823 common shares of the Company at price of US$1.695 each for gross proceeds of US$6.0 million to existing major beneficial shareholder, Hosken Consolidated Investments Limited . The Company intends to use the net proceeds of the Private Placement to repay in full the remaining US$3.0 million principal balance of a senior [...]

Platinum Group Metals Ltd. has entered into privately negotiated agreements with the beneficial owners of US $20 million of the Company's 6 7/8% Convertible Senior Subordinated Notes due July 1, 2022 under which the Company will purchase and cancel the Notes. The Notes were originally sold to institutional investors on June 30, 2017. On the purchase of the Notes, the Company will issue to the holders, on a private [...]

Platinum Group Metals Ltd. reports the Company's financial results for the three months ended November 30, 2021 and provides a summary of recent events and outlook. The Company is focussed on advancing the palladium dominant Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa . The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and [...]

Platinum Group Metals Ltd. announces that Frank Hallam has been appointed to the position of President and Chief Executive Officer effective immediately, following his serving as Interim President and CEO since July 2021. Mr. Hallam's appointment was unanimously approved by the Board of Platinum Group. Diana Walters, Chair of the Board commented, "Frank has led the Company well over a four-month transitionary period and [...]

Platinum Group Metals Ltd. reports the Company's financial results for the year ended August 31, 2021 and provides an update and outlook. The Company is focussed on advancing the palladium dominant Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa . The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium mine and is [...]

Platinum Group Metals Ltd. provides the following Waterberg Project update: Geotechnical Drilling A geotechnical drilling campaign at the Waterberg Project, which commenced in July 2021, is now in process of completion and demobilization. The geotechnical drilling campaign consisted of 46 boreholes drilled along the planned centerline of two sets of twin declines and box-cut positions. Approximately 11 holes were drilled [...]