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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Platinum Group Metals Ltd. reports that on August 5, 2021, South African President Cyril Ramaphosa appointed Mr. Enoch Godongwana as South Africa's Minister of Finance. As a result, Mr. Godongwana has resigned as a member of the Board of Directors of the Company so that he may focus his efforts as Minister of Finance. The Board of Directors of [...]
Platinum Group Metals Ltd. reports the receipt of notice that the Mining and Environmental Justice Community Network of South Africa, claiming to be a community networking body, together with a group of residents from certain communities located near planned surface infrastructure associated with the Waterberg Mine , intend to apply for an order in [...]
Platinum Group Metals Ltd. announces the resignation of the Company's CEO, President and director, R. Michael Jones, effective immediately. Mr. Jones has agreed to continue as a consultant to Platinum Group until December 31, 2021 to provide transition assistance. Frank Hallam, a director and, most recently, CFO of the Company, has agreed to assume [...]
Platinum Group Metals Ltd. reports the Company's financial results for the nine months ended May 31, 2021 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 [...]
Platinum Group Metals Ltd. and subsidiary Lion Battery Technologies Inc. reports that the U.S. Patent and Trademark Office has issued a third patent to Florida International University related to platinum group metals being used in lithium batteries. Specifically, this third patent is related to PGMs in the "Next Generation" Lithium Sulphur [...]
