Platinum Group metals Ltd

Published : October 16th, 2017

Impala Platinum Makes Strategic Investment to Advance Development of the Waterberg PGE Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

VANCOUVER, British Columbia and JOHANNESBURG, South Africa , Oct. 16, 2017 (GLOBE NEWSWIRE) -- Platinum Group Metals Ltd. (TSX:PTM) (NYSE American:PLG) (“Platinum Group”, “PTM” or the “Company”) is pleased to announce that Impala Platinum Holdings Ltd. (JSE:IMP) (“Implats”) has entered into definitive agreements (the “ Implats Transaction”) with Platinum Group , the Japan Oil, Gas and Metals National Corporation (“JOGMEC”), Mnombo Wethu Consultants (Pty) Ltd. (“Mnombo”), and Waterberg JV Resources Proprietary Ltd. (“Waterberg Resources”), whereby Implats will, subject to Reserve Bank approval and other closing conditions:

  1. Immediately purchase a 15.0% interest in the Waterberg Project for US$30.0 million (the “Initial Purchase”);
  2. Have the option to increase its stake to 50.01% through additional purchases and earn-in arrangements totaling US $166.0 million following the completion of a Definitive Feasibility Study (“DFS”); and
  3. Have a right of first refusal to smelt and refine Waterberg concentrate.

JOGMEC will retain certain metal marketing rights to final metal related to the project. Platinum Group would retain a 31.96% direct and indirect interest in Waterberg Resources if Implats were to exercise its full option.

The Waterberg Project has a number of highly attractive characteristics as a low-cost, shallow, bulk mineable project with significant scale and growth potential. The participation of Implats, the world’s second largest platinum producer with fully integrated mine to market operations, represents a significant step in the advancement of the Waterberg Project towards potential development and production.

R. Michael Jones , CEO of Platinum Group said, "We are extremely excited about the participation of Implats in the Waterberg Project . Implats will be fully involved in the Waterberg DFS and the fully integrated nature of Implats’ business also offers a clear potential roadmap to market for Waterberg production. It is very satisfying to see the Waterberg discovery recognized and advanced by Implats.”

Current Platinum Group Element (“PGE”) probable reserves at the Waterberg Project (100%) are 12.3 million ounces, comprising 61% palladium, 30% platinum, 8% gold and 1% rhodium plus 191 and 333 million pounds of copper and nickel respectively. (See the technical report dated October 19, 2016 and filed on SEDAR titled “Independent Technical Report on the Waterberg Project Including Mineral Resource Update and Pre-Feasibility Study”.) Much of the Waterberg project area remains to be drilled and assessed. The Waterberg deposit remains open down dip and along strike.

Initial Purchase – 15% for US $30 Million Cash

Implats has agreed to purchase an aggregate 15.0% equity interest in Waterberg Resources. Platinum Group is to sell an 8.6% interest for US $17.2 million and JOGMEC a 6.4% interest for US $12.8 million . From its US $17.2 million in proceeds, the Company will commit US $5.0 million towards its pro rata share of remaining DFS costs. Implats will also contribute an estimated US $1.5 million for its 15.0% pro rata share of DFS costs. The Initial Purchase is subject to several customary conditions precedent and is expected to close within 10 business days. Following the Initial Purchase, Platinum Group will hold a direct 37.05% equity interest, JOGMEC a 21.95% equity interest and Black Economic Empowerment partner Mnombo will maintain a 26.0% equity interest. Platinum Group holds a 49.9% interest in Mnombo, bringing its overall ownership in the project directly and indirectly to 50.02% after the Initial Purchase.

The Initial Purchase does not effect a change of control of the Waterberg Project and an approval by the South African Department of Mineral Resources under Section 11 of the Mineral Resources and Petroleum Development Act is not required at this time.

Purchase and Development Option

Upon completion of the DFS, Implats will have an option for 90 days to review the DFS and elect to exercise an option to increase its interest to up to 50.01% in Waterberg Resources (the “Purchase and Development Option”). If Implats exercised the Purchase and Development Option to increase its holding to 50.01%, this would be executed by purchasing an additional 12.195% equity interest from JOGMEC for US $34.8 million , and making a firm commitment to an expenditure of US $130.0 million in development work.

Following an election to go to a 50.01% project interest as described above, Implats will have another 90 days to confirm the salient terms of a Development and Mining financing for the Waterberg Project , including a signed financing term sheet, subject only to final credit approval and documentation. After exercising the Purchase and Development Option, Implats will control Waterberg Resources.

Should Implats complete the increase of its interest in Waterberg Resources to 50.01% pursuant to the Purchase and Development Option, Platinum Group would retain a 31.96% direct and indirect interest in Waterberg Resources and all of the project partners would be required to participate pro-rata.

The transaction agreements also provide for the transfer of equity and the issuance of additional equity to one or more broad based black empowerment partners, at fair value.

If Implats does not elect to complete the Purchase and Development Option and the Development and Mining Financing, Implats will retain a 15.0% project interest and Platinum Group will retain a 50.02% direct and indirect interest in the project.

Implats Offtake Right and JOGMEC Marketing Rights

Upon completion of the Initial Purchase, Implats will also have acquired a right of first refusal to enter into an offtake agreement, on commercial arms-length terms, for the smelting and refining of mineral products from the Waterberg Project . JOGMEC will retain a right to receive platinum, palladium, rhodium, gold, ruthenium, iridium, copper and nickel in refined mineral products at the volume produced from the Waterberg Project .

JOGMEC Director Shuichi Miyatake said, “We are very pleased to move Waterberg from exploration forward with Implats and retain the potential for security of supply of a significant volume of strategic PGEs for Japan.”

Definitive Feasibility Study Scope Agreed

Following a technical review of the October, 2016 Pre-Feasibility Study (“PFS”) and DFS scope documentation, along with tendering documents, Implats, JOGMEC, Mnombo and Platinum Group (as operator of the Waterberg Project ) have agreed to the detailed scope of work for the DFS. The DFS will investigate two options - a 600,000 tonne per month mine (744,000 ounces PGEs per year) as outlined in the PFS, and a second lower capital option at 250,000 to 350,000 tonnes per month. The selection of the DFS team has also been agreed and tenders will be confirmed for the engineering groups following the closing of the Initial Purchase.

Transaction Rationale

Platinum Group believes that Implats’ participation in the Waterberg Project offers a mine to market solution. Implats has decades of mining experience in Southern Africa as well as corporate expertise for integrated mining, smelting and refining operations, community development and government relations. Implats’ participation at Waterberg will materially reduce the capital commitment for JOGMEC and Platinum Group . In addition, Implats’ participation and structuring of financing for the project should assist in more efficient capital raising during project construction. Platinum Group believes that Implats’ participation in the Waterberg Project and its integrated business model, including smelting, refining and metal marketing, provides good potential for an efficient and complete mine to market solution for the Waterberg Project .

Macquarie Capital and BMO Capital Markets are acting as the Company's financial advisors with regard to the Implats Transaction.

Lender Approvals and Credit Update

The secured lenders to Platinum Group , Sprott Resource Lending Partnership , among other lenders (“Sprott”) and Liberty Metals & Mining Holdings, LLC (“LMM”), have provided their consent to the Implats Transaction, which consent is conditional on the satisfaction of certain conditions by the Company.

Sprott and LMM have also agreed to terms and conditions, upon completion of which, they will provide their consent to the sale of the Maseve Mine to Royal Bafokeng Platinum Limited (“RBPlat”) (see news release dated September 6 , 2017). The Company and RBPlat are in process to complete required regulatory filings, legal agreements, procedures, etc. which are required for closing and which will also satisfy Sprott and LMM’s requirements. RBPlat paid a deposit of Rand 41.37 million (US $3.0 million ) into escrow on October 9, 2017 .

Sprott has also agreed to provide the Company up to a US $5.0 million bridge loan (the “Bridge Loan”) to provide working capital as may be required up until the closing of the Initial Purchase.

The Company has agreed with Sprott and LMM to a specific use of the Company’s US $17.2 million in proceeds from the Initial Purchase, including: (i) repayment of any principal or fees related to the Bridge Loan, (ii) payment of certain outstanding payables and general administrative expenses (including certain transaction fees related to the Implats Transaction), (iii) care and maintenance costs of the Maseve Mine during the sale closing period, and (iv) the Company’s US $5.0 million share of planned DFS costs. The Company is to place approximately US $7.0 million in a reserve account for dedication to the costs described at items (ii) and (iii) above. Proceeds from the Maseve Sale Transaction are to be used first to repay Sprott (US $40.0 million ) and second to partially repay LMM (approximately US $33.0 million ).

In consideration for LMM’s consent to the Implats Transaction, the Company has agreed to, among other things, do the following:

  1. Deliver an amendment to the second lien LMM facility agreement prior to the closing of the Implats Transaction which will, among other things,: (a) amend the term of the LMM Facility to mature the later of September 30, 2018 and four months after the closing of the first stage of the Maseve Sale Transaction (closing expected before December 31, 2017 ); (b) require that 60% of net proceeds raised by the Company in an equity financing of over US $500,000 be used for repayment of outstanding loan facilities; and (c) add additional events of default for failing to be listed on the TSX, material breaches under material agreements and a decrease in its equity ownership in Waterberg Resources beyond the decrease to occur as a result of the Implats Transaction.
  2. Raise US $20.0 million in debt and or equity within 30 days of the first lien facility due to Sprott being repaid (expected to be repaid before December 31, 2017 ) and raise a further US $10.0 million in debt and or equity by June 30 , 2018. Proceeds in each instance are to repay and discharge amounts due firstly to Sprott and secondly to LMM.
  3. Deliver an amendment to the production payment agreement between LMM and the Company by October 17, 2017 pursuant to which a termination fee for the Maseve Mine production payment obligation due to LMM can be settled by payment of US $15.0 million by March 31, 2018 or US $25.0 million thereafter.

In consideration for Sprott providing the Bridge Loan and Sprott’s consent to the Implats Transaction and the Maseve Sale Transaction, the Company has delivered an amendment to the first lien Sprott facility agreement which: (a) amends the term of the loan to mature on earlier of (i) January 31, 2018 and (ii) ten days after the closing of the Maseve Sale Transaction; (b) requires that 60% of net proceeds raised by the Company in an equity financing of over US $500,000 be used for repayment of outstanding loan facilities; and (c) adds events of default for failing to be listed on the TSX, material breaches under material agreements and a decrease in equity ownership in Waterberg Resources beyond the decrease to occur as a result of the Implats Transaction.

About Impala Platinum Holdings Limited

Impala Platinum Holdings Limited is one of the world’s foremost fully integrated producers of platinum and associated PGEs. The group produces approximately a quarter of the world's supply of primary platinum. Implats produced 1.44 million ounces of platinum and 2.91 million ounces of PGEs in FY2016. Implats’ operations are located on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe, the two most significant PGE-bearing ore bodies in the world. In Southern Africa Implats is structured around five main operations namely Impala, Zimplats, Marula, Mimosa and Two Rivers with headquarters based in Johannesburg, South Africa.

About the Waterberg PGM Project

The 2016 independent PFS outlined Waterberg as one of the largest, lowest cost undeveloped PGM assets globally. In the PFS, Waterberg is designed to be a low cost, multi-decline, fully mechanized, mining complex along an initial 13 km deposit strike length with two 300,000 tonne per month mills built in close sequence. Steady state production is modelled at 744,000 ounces 4E with an 18-year mine life. The DFS underway will study the PFS mining scale and a potentially smaller scale, lower capital option for development. Probable reserves at Waterberg (details below) are 12.3 million ounces of palladium, platinum rhodium and gold). The deposit starts at approximately 150m from surface, to be developed with decline ramps and remains open for expansion with significant resources yet to be converted to reserves.

Sixty one percent of Waterberg reserves and resources of PGMs are palladium. Auto preferences recently have supported a robust palladium market.

Reserve Details (100% Project Basis)

Prill Split Grade
Zone Pt Pd Au Rh Cu Ni
% % % % % %
T-Zone 29 49 21 1 0.16 0.08
F-Zone 30 64 5 1 0.07 0.16

Probable Mineral Reserve at 2.5 g/t 4E Cut-off– Tonnage and Grades

Waterberg Probable Mineral Reserve – Tonnage and Grades
Zone Mt Cut-
off
grade
(g/t)
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Rh
(g/t)
4E
(g/t)
Cu
(%)
Ni
(%)
T-Zone 16.5 2.5 1.14 1.93 0.83 0.04 3.94 0.16 0.08
F-Zone 86.2 2.5 1.11 2.36 0.18 0.04 3.69 0.07 0.16
Total 102.7 2.5 1.11 2.29 0.29 0.04 3.73 0.08 0.15

Probable Mineral Reserve at 2.5 g/t 4E Cut-off– Contained Metal

Waterberg Probable Mineral Reserve – Contained Metal
Zone Mt Pt
(Moz)
Pd
(Moz)
Au
(Moz)
Rh
(Moz)
4E
(Moz)
4E
content
(kg)
Cu
(Mlb)
Ni
(Mlb)
T-Zone 16.5 0.61 1.03 0.44 0.02 2.09 65,097 58.21 29.10
F-Zone 86.2 3.07 6.54 0.51 0.10 10.22 318,007 132.97 303.94
Total 102.7 3.67 7.57 0.95 0.12 12.32 383,103 191.18 333.04

Reasonable prospects of economic extraction were determined with the following assumptions: Metal prices used in the reserve estimate are as follows based on a 3-year trailing average (as at July 31/2016) in accordance with U.S. Securities and Exchange Commission ("SEC") guidance for the assessment of resources and reserves; US$1,212/oz Pt, US$710/oz Pd, US$1229/oz Au, US$984/oz Rh, US$6.10/lb Ni, US$2.56/lb Cu, US$/ZAR15. Smelter payability of 85% was estimated for 4E and 73% for Cu and 68% for Ni. The effective date is October 17, 2016. A 2.5 g/t Cut-off was used and checked against a pay-limit calculation. Independent Qualified Person for the Statement of Reserves is Mr. RL Goosen (WorleyParsons RSA (Pty) Ltd Trading as Advisian). The mineral reserves may be materially affected by changes in metals prices, exchange rates, labor costs, electricity supply issues or many other factors. See Risk Factors in Independent Technical Report 43-101 Effective Date: October 17, 2016 on www.sedar.com and the Company’s Annual Information Form. The reserves are estimated under SAMREC with no material difference to the CIM 2014 definitions in this case.

The estimation of mineral reserves has taken into account environmental, permitting and legal, title, taxation, socio-economic, marketing and political factors. Based on the cut-off grade and a maximum depth cut-off of 1,250 meters the Probable reserve will support an 18-year mine life.

About Platinum Group Metals Ltd.

Platinum Group, based in Johannesburg, South Africa and Vancouver, Canada. Platinum Group and its partners JOGMEC and Mnombo originated the grass-roots exploration that discovered the Waterberg deposit and a new portion of the Bushveld PGM complex in 2011.

Formed in 2002, Platinum Group holds significant mineral rights and large-scale reserves of platinum and palladium in the Bushveld Igneous Complex of South Africa, which is host to over seventy percent of the world's primary platinum production.

Qualified Person

R. Michael Jones, P.Eng., the Company’s President, Chief Executive Officer and a shareholder of the Company, is a non-independent qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“ NI 43-101 ”) and is responsible for preparing technical information contained in this news release. He has verified the data by reviewing the detailed information of the geological and engineering staff and the Independent Qualified Person reports as well as visiting the site regularly.

On behalf of the Board of
Platinum Group Metals Ltd.

For further information contact:
R. Michael Jones, President
or Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE American LLC 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 contains 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. Forward-looking statements in this press release include, without limitation, statements regarding the Implats Transaction, the Maseve Sale Transaction and amendments to the Company’s agreements with its lenders, including the potential to satisfy conditions precedent and consummate all or any part of such transactions as described herein; [changes to black economic empowerment participation in the Waterberg Project;] the anticipated benefits of the Implats Transaction and Implats’ participation in the Waterberg Project; the Company’s intended use of proceeds derived from the Implats Transaction; the projections contained in the PFS; the anticipated timing and potential contents of the DFS; potential offtake agreements; the Company’s plans following the Implats Transaction; cost estimates; potential settlement or restructure of the Company’s debts; the Company’s ability to obtain further funding; the potential economics of the Waterberg Project, if developed; the Company’s key objectives; and the Company’s plans and estimates regarding exploration, studies, development, construction, production, cash flows and other activities and developments. Statements of mineral resources and mineral reserves also constitute forward-looking statements to the extent they represent estimates of mineralization that will be encountered on a property and/or estimates regarding future costs, revenues and other matters. Although the Company believes the 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, including risks related to indebtedness; risks related to the nature of the Implats Transaction agreements and the completion of conditions precedent to closing of the Implats Transaction; the risks that the terms of the Implats Transaction may change, that the transaction will not close or that the anticipated benefits thereof will not be realized; equivalent risks relating to the Maseve Sale Transaction, together with the risk that the Company may be unsuccessful in negotiating definitive agreements for the Maseve Sale Transaction on favorable terms; Implats may not exercise the Implats Option; the Company’s capital requirements may exceed its current expectations; the uncertainty of cost, operational and economic projections; the ability of the Company to negotiate and complete future funding transactions and successfully settlement or restructure of debt; variations in market conditions; the nature, quality and quantity of any mineral deposits that may be located; metal prices; other prices and costs; currency exchange rates; the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities and to effect the relevant transactions and to otherwise comply with all applicable regulatory requirements; the Company’s ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies; risks related to contractor performance and labor disruptions; and other risk factors described in the Company’s Form 40-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively. Proposed changes in the mineral law in South Africa if implemented as proposed would have a material adverse effect on the Company business and potential interest in projects.

Cautionary Note to U.S. and other Investors

Estimates of mineralization and other technical information included or referenced in this press release have been prepared in accordance with NI 43-101. The definitions of proven and probable reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash-flow analysis to designate reserves and the primary environmental analysis or the report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves; "inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of "contained ounces" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this press release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Source: Platinum Group Metals Ltd.



Click Here for a complete listing of Platinum Group Metals press releases.

-------------------
To unsubscribe from this list please visit the email alert section of the Platinum Group Metals site.


Date Sent: 10/16/2017 9:36:20 AM Powered by Q4 Inc.
Data and Statistics for these countries : Canada | Japan | South Africa | Zimbabwe | All
Gold and Silver Prices for these countries : Canada | Japan | South Africa | Zimbabwe | All

Platinum Group metals Ltd

DEVELOPMENT STAGE
CODE : PTM.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Platinum Group Metals is a platinum development stage company based in Canada.

Platinum Group Metals holds various exploration projects in Philippines.

Its main asset in development is WESTERN BUSHVELD JV in South Africa and its main exploration properties are AGNEW LAKE and LAC DES ILES in Canada, WAR SPRINGS and TWEESPALK in South Africa and ACT (ADLAY CAGDIANAO TANDAWA NICKEL) in Philippines.

Platinum Group Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 73.2 millions as of today (US$ 56.9 millions, € 48.8 millions).

Its stock quote reached its highest recent level on November 30, 2012 at CA$ 9.90, and its lowest recent point on January 01, 2016 at CA$ 0.20.

Platinum Group Metals has 133 070 008 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Platinum Group metals Ltd
9/30/2013Media Coverage - A different animal! Long term South African...
7/10/2013Mining Weekly - New-Breed Platinum Operator Hits Jackpot In ...
8/15/2012(PLG:NYSE MKT, PTM:TSX) – Media Coverage – Mining Weekly
3/9/2011- Media Coverage - Mining Weekly
Financings of Platinum Group metals Ltd
5/5/2016Platinum Group Metals Announces US$33 Million Bought Deal Fi...
11/20/2015Platinum Group Metals Closes US $80 Million In Financing
11/3/2015Platinum Group Metals to Drawdown US $40 million Sprott Faci...
12/9/2014Platinum Group Metals Announces US$110 Million Bought Deal F...
12/9/2013Announces C$175 Million Bought Deal Financing
1/4/2013Announces Closing of Public Offering of Common Shares
12/12/2012Announces Public Offering of Common Shares
10/6/2008Closes $7.4 Million Private Placement
9/26/2008Announces Non-Brokered Private Placement
Nominations of Platinum Group metals Ltd
7/16/2013Adds to Board of Directors
Financials of Platinum Group metals Ltd
7/14/2016Platinum Group Metals Third Quarter Results and Update
4/12/2016Platinum Group Metals Second Quarter Results and Update
4/10/2015and Second Quarter Results
1/14/2013Reports Q1 2013 Financial Results
7/13/2012Reports Q3 2012 Financial Results
4/16/2012Reports Q2 2012 Financial Results
1/25/2012Reports Q1 2012 Financial Results
11/22/2011Reports 2011 Annual Financial Results
7/13/2011Reports Q3 2011 Financial Results
4/15/2009Reports Second Quarter Financial Results and Provides an Upd...
Project news of Platinum Group metals Ltd
8/31/20151:57 am Platinum Group Metals files WBJV Project 1 technical...
5/26/20153:32 am Platinum Group Metals receives $20 mln of joint vent...
4/20/20151:09 pm Platinum Group Metals announces a new intercept WE 0...
2/11/2015Canada's PGM expects new mine to produce 275,000 oz by 2017
11/14/2013Extension of the Super F Zone of the Waterberg Platinum Depo...
11/11/2013WBJV Project 1 Project Finance Update and Waterberg Update
10/21/2013Reports on Initial Drilling on the Waterberg Extension Permi...
10/18/2013Announces that 26% WBJV Project 1 Shareholder Africa Wide Ha...
10/2/2013Announces the Start of New Exploration on the Waterberg Exte...
9/3/2013Announces Updated Waterberg Resource of 17.5 million ounces
6/10/2013Announces an 800 meter step out on the T2 Platinum Layer int...
4/24/2013WBJV Project 1 Platinum Mine Signs Life of Mine Concentrate ...
4/23/2013Continues to Significantly Expand Waterberg Platinum Discove...
3/5/2013Announces WBJV Project 1 Resumes Work
2/14/2013WBJV Project 1 (Maseve) Section 54 Notice
2/14/2013WBJV Project 1 (Maseve) Surface Worker Fatality
2/5/2013Prophecy Platinum Announces Drill Results Demonstrating Broa...
2/1/201310 Million Ounce Platinum, Palladium and Gold Inferred Updat...
1/22/2013’s Waterberg Permit Expansion Granted Drills Moved to Shallo...
1/16/2013INVITATION: Platinum Group Metals Cocktail Reception, Core S...
11/5/2012Strike Length Doubles at Waterberg Platinum Discovery
10/12/2012WBJV Project 1 Banking Advances
9/11/2012Anglo American Exercises First Right of Refusal for Platinum...
9/5/2012Initial 6.6 Million Ounce Platinum, Palladium and Gold Infer...
7/20/2012Sable Project Update Western Bushveld South Africa
11/9/2011Announces a New Discovery Extending the North Limb of the Bu...
12/19/2010(Western Bushveld Jv)Approves $100 Million Construction Budget and Awards EPCM Co...
10/8/2009Feasibility Study Project 1 Platinum Mine
10/9/2009(Western Bushveld Jv)Exploration Projects Update New Large Funded Joint Venture w...
3/5/2009(War Springs)PTM Signs US$10M Option Funding Agreement for War Springs Pr...
9/2/2008(Western Bushveld Jv)Increase its Interest in Project 1 Platinum Mine from 37% to...
7/1/2008Project 1 Bankable Feasibility Study to be Published July 7,...
4/25/2008(Western Bushveld Jv)First Project 3 Resource adds 1.9 million ounces to Western ...
4/23/2008(Western Bushveld Jv)Project 2 Resources Increase Western Bushveld Joint Venture
3/17/2008(War Springs)War Springs Resource Increased to 1.7 Million Ounces
1/22/2008(Western Bushveld Jv)Western Bushveld Joint Venture Update
Corporate news of Platinum Group metals Ltd
7/31/2017Platinum Group Metals Ltd. Operational and Strategic Process...
9/19/2016Corporate Update
7/14/2016Platinum Group posts 3Q profit
7/14/2016Platinum Group posts 3Q profit
7/14/2016Platinum Group Metals Third Quarter Results and Update
6/27/2016Platinum Group Metals upgraded by CIBC
5/31/2016Platinum Group Metals Ltd. Announces More High Grade, Thick ...
5/31/2016Platinum Group Metals Ltd. Announces More High Grade, Thick ...
5/26/2016Platinum Group Metals Closes Public Offering of Common Share...
5/26/2016Platinum Group Metals Closes Public Offering of Common Share...
5/6/2016IIROC Trade Resumption - PTM
5/5/2016Platinum Group Metals Announces US$33 Million Bought Deal Fi...
5/5/2016Platinum Group Metals Maseve Update and Amendment to Working...
5/5/2016Platinum Group Metals Maseve Update and Amendment to Working...
5/2/2016UPDATE - Gold Investment Letter New Blog Report: Platinum Gr...
5/2/2016Gold Investment Letter New Blog Report:
4/29/2016Platinum Group Metals Files Waterberg Project Technical Repo...
4/25/2016Platinum Group Metals Limited (USA) (NYSEMKT: PLG) Analyst C...
4/19/2016Platinum Group Metals Reports 13% Increase in F Zone Grade a...
4/19/2016Platinum Group Metals Reports 13% Increase in F Zone Grade a...
4/12/2016Platinum Group reports 2Q loss
3/17/2016Platinum Group Metals Ltd. Provides Correction to Comparison...
3/17/2016Platinum Group Metals Ltd. Advances Resource Drilling at Wat...
3/1/2016Platinum Group Metals Ltd. to Participate in the BMO Global ...
2/16/2016Platinum Group Metals Responds to Stock Trading Activity
2/10/2016Platinum Group Metals (PLG) Looks Good: Stock Up 6.2%
2/9/2016Platinum Group Metals Reports Completed Hot Commissioning Te...
1/26/20163:43 am Platinum Group Metals consolidates common shares on ...
1/26/2016Platinum Group Metals Announces Share Consolidation
1/26/2016Platinum Group Metals Announces Share Consolidation
1/19/2016Insiders Are Loading Up on Platinum Mining Company
1/19/2016Insiders Are Loading Up on Platinum Mining Company
1/15/2016The Top 5 Platinum Stocks for 2016 (SWC, PLG)
1/14/2016Platinum Group Metals First Quarter Results and Update
1/14/2016Platinum Group Metals First Quarter Results and Update
1/14/2016Platinum Group posts 1Q loss
1/14/2016Platinum Group posts 1Q loss
1/12/2016Platinum Group Metals Waterberg Project Budget Increased and...
1/12/2016Platinum Group Metals Waterberg Project Budget Increased and...
12/8/2015PLATINUM GROUP METALS LTD Financials
12/4/2015Platinum Group Metals Ltd.: Waterberg Project Update Additio...
12/4/2015Platinum Group Metals Ltd.: Waterberg Project Update Additio...
12/3/2015PLATINUM GROUP METALS LTD Financials
11/25/2015Platinum Group Metals 2015 Annual Results and Update
11/25/2015Platinum Group Metals 2015 Annual Results and Update
11/23/2015What's Moving the Markets - Research on Tantech Holdings, Pl...
11/20/2015Platinum Group Metals Closes US $80 Million In Financing
11/20/2015Platinum Group Metals Closes US $80 Million In Financing
11/3/2015Summary of Terms
11/2/2015Platinum Group Metals to Drawdown US $40 million Sprott Faci...
11/2/2015Platinum Group Metals to Drawdown US $40 million Sprott Faci...
10/15/2015Platinum Group Metals (PLG) in Focus: Stock Up 6.3%
10/15/2015Platinum Group Metals (PLG) in Focus: Stock Up 6.3%
10/3/201510 Best Stock Buys Of The Decade From 10 Investment Pros
10/3/201510 Best Stock Buys Of The Decade From 10 Investment Pros
9/21/2015Platinum Group Metals Ltd. breached its 50 day moving averag...
9/5/2015Platinum Group Metals Files Waterberg Project Technical Repo...
8/29/2015Platinum Group Metals Files WBJV Project 1 Technical Report
8/29/2015Platinum Group Metals Files WBJV Project 1 Technical Report
8/13/2015South Africa’s Platinum Miners Start Over
8/13/2015South Africa’s Platinum Miners Start Over
8/12/2015Platinum Miners Start Over
8/12/2015Platinum Miners Start Over
7/22/2015Platinum Group Metals Increases Waterberg Mineral Resource t...
7/22/2015Platinum Group Metals Increases Waterberg Mineral Resource t...
7/15/2015Platinum Group Metals Update and Third Quarter Results
7/15/2015Platinum Group Metals Update and Third Quarter Results
7/15/2015Platinum Group Metals Ltd.: WBJV Project 1 Platinum Mine Upd...
7/15/2015Platinum Group Metals Ltd.: WBJV Project 1 Platinum Mine Upd...
7/1/2015South Africa's platinum sector faces crunch time as prices s...
7/1/2015South Africa's platinum sector faces crunch time as prices s...
6/15/2015Taseko Mines Ltd. (TGB) in Focus: Stock Jumps 5.7% - Tale of...
5/26/2015Platinum Group Metals and Japanese Partner Consolidate Water...
5/26/2015Platinum Group Metals and Japanese Partner Consolidate Water...
4/20/2015Platinum Group Metals Reports Second Waterberg Extension Int...
4/20/2015Platinum Group Metals Reports Second Waterberg Extension Int...
4/10/2015Platinum Group Metals Update and Second Quarter Results
4/10/2015Platinum Group Metals Update and Second Quarter Results
2/27/2015Platinum Group Metals Ltd. to Participate in the BMO Global ...
2/27/2015Platinum Group Metals Ltd. to Participate in the BMO Global ...
2/26/2015Platinum Group Metals Announces Results of Annual General Me...
2/26/2015Platinum Group Metals Announces Results of Annual General Me...
2/24/2015Platinum Group Metals Ltd. to Participate in the BMO Global ...
2/24/2015Platinum Group Metals Ltd. to Participate in the BMO Global ...
2/19/2015Platinum Group Metals Ltd. - Amendment to Majority Voting Po...
2/19/2015Platinum Group Metals Ltd. - Amendment to Majority Voting Po...
2/19/2015Platinum Group Metals Ltd. - Amendment to Majority Voting Po...
2/19/2015Platinum Group Metals Ltd. - Amendment to Majority Voting Po...
2/16/2015Platinum Group Metals Executes Credit Agreement for WBJV Pro...
2/16/2015Platinum Group Metals Executes Credit Agreement for WBJV Pro...
2/16/2015Platinum Group Metals Executes Credit Agreement for WBJV Pro...
2/16/2015Platinum Group Metals Executes Credit Agreement for WBJV Pro...
2/10/2015Platinum Group Metals Strengthens Mine Building & Operations...
2/10/2015Platinum Group Metals Strengthens Mine Building & Operations...
1/21/2015BHP Billiton Offers Update on Operational Metrics - Analyst ...
1/20/2015BHP Billiton Faces External Market Headwinds, Scopes Exist -...
1/13/2015Platinum Group Metals Update and First Quarter Results
1/13/2015Platinum Group Metals Update and First Quarter Results
12/31/2014Platinum Group Metals Announces Closing of Public Offering o...
12/31/2014Platinum Group Metals Announces Closing of Public Offering o...
12/31/2014Platinum Group Metals Announces Closing of Public Offering o...
12/31/2014Platinum Group Metals Announces Closing of Public Offering o...
12/10/2014IIROC Trade Resumption - PTM
12/9/2014Platinum Group Metals Announces US$110 Million Bought Deal F...
12/9/2014Platinum Group Metals Announces US$110 Million Bought Deal F...
12/9/2014Platinum Group Metals Executes Term Sheet for Project 1 Seni...
12/9/2014Platinum Group Metals Executes Term Sheet for Project 1 Seni...
12/9/2014Platinum Group Metals Announces US$110 Million Bought Deal F...
12/9/2014Platinum Group Metals Announces US$110 Million Bought Deal F...
12/9/2014Platinum Group Metals Executes Term Sheet for Project 1 Seni...
12/9/2014Platinum Group Metals Executes Term Sheet for Project 1 Seni...
12/9/2014IIROC Trading Halt - PTM
12/9/2014Platinum Group Discontinues 150,000 Unit Offering of Senior ...
12/9/2014Platinum Group Discontinues 150,000 Unit Offering of Senior ...
12/5/2014Platinum Group Metals Reports New Waterberg Extension High G...
12/5/2014Platinum Group Metals Reports New Waterberg Extension High G...
12/2/2014PLATINUM GROUP METALS LTD Financials
11/26/2014Platinum Group Metals Reports 2014 Annual Results
2/25/2014BMO Global Metals and Mining Conference Webcast Presentation...
2/14/2014Announces a Positive Preliminary Economic Assessment for a 6...
1/10/2014Reports Q1 2014 Financial and Operating Results
12/9/2013Waterberg Extension Project Drilling Intersects 53.22 Metres...
11/27/2013Reports 2013 Annual Results
10/17/2013Files Report on Updated Mineral Resource Estimate for the Wa...
9/23/2013’ CEO Addresses Denver Gold Forum
7/25/2013Bushveld Complex: A Mining Battle Ground – Financial Mail – ...
7/25/2013Announces 52 New Platinum Intercepts at Waterberg
7/12/2013Reports Q3 2013 Financial and Operating Results
6/12/2013Announces an 800 meter step out on the T2 Platinum Layer (RE...
5/15/2013Reports Positive Metallurgical Test Results for Waterberg
4/12/2013Resumes Work on North Declines, WBJV Project 1 Platinum Mine
4/9/2013Reports Q2 2013 Financial and Operating Results
3/18/2013Waterberg Technical Report Filed
3/15/2013Added to S&P/TSX Global Mining Index
2/27/2013’ CEO Addresses BMO Global Metals and Mining Conference
2/4/2013Announces New Intercepts at Waterberg
1/30/2013Visit Platinum Group Metals Ltd. at Mining Indaba
12/7/2012- Waterberg Named Global Exploration Discovery of the Year -...
12/3/2012.: Waterberg Platinum In-Fill Drilling Confirms Continuity a...
11/23/2012Reports 2012 Annual Results
11/14/2012Leading PGM Forecaster Calls for Significant Platinum and Pa...
10/26/2012(PLG:NYSE MKT, PTM:TSX) – Media Coverage: The Northern Miner
10/10/2012Technical Report Filed
9/25/2012(PLG:NYSE MKT, PTM:TSX) – Media Coverage Business News Netwo...
9/19/2012(PLG:NYSE MKT, PTM:TSX) – Media Coverage - Bloomberg TV – Lu...
9/17/2012.: Significant New Intercepts Expand the Waterberg Platinum ...
9/11/2012(PLG:NYSE MKT, PTM:TSX) – Media Coverage – Kitco News from D...
7/10/2012Adopts Shareholder Rights Plan
6/19/2012Confirms Plans
5/23/2012New Waterberg Results
5/8/2012Announces Waterberg Discovery Expands
5/2/2012– Media Coverage – Business Day
4/4/2012.: Mining Right Granted for WBJV Project 1 Platinum Mine
2/29/2012CEO Addresses BMO Global Metals and Mining Conference
2/27/2012Reminder: Join PLATINUM GROUP METALS for cocktails at PDAC!
2/6/2012.: Waterberg Discovery of Thick High Grade Reefs Expanded
11/1/2011Adds to Senior Management Team
9/6/2011President and CEO Interviewed on Business News Network (BNN)
8/29/2011North Limb Platinum Exploration Update
8/2/2011.: Mandate for $260 Million WBJV Project Loan Completed
7/11/2011Adds to its Board
7/5/2011Construction Update
5/16/2011. Announces Acceptance of Western Bushveld Joint Venture (WB...
5/5/2011' Partner Completes Transaction with Chinese Consortium
4/13/2011Global Exploration Update Platinum Group Metals Ltd.
4/4/2011Project 1 Mine Advances Underground and Mining Right Applica...
2/21/2011– Media Coverage – The Globe and Mail
2/21/2011Appoints Gordon Chunnett to Advisory Board
2/17/2011Eskom Agreement Completed for Delivery of 40MVA Electricity ...
2/9/2011Media Coverage
12/19/2010Added to S&P/TSX Global Mining Index
9/20/2010Added to the S&P/TSX SmallCap Index
8/26/2010Locks Up Surface Rights and Facilities
12/22/2009Platinum For A New World
10/8/2009Hosts Webcast for WBJV Update
6/26/2009Company Update
6/17/2009Announces Closing for C$35 Million
5/29/2009Announces Pricing of Offering
5/28/2009Announces C$35 Million Offering
12/9/2008Definitive Agreements For 74% Deal Executed
9/15/2008Creates New Funded Platinum Joint Venture
9/6/2008Platinum Group in Loan Talks for $506 Million Mine
6/25/2008We Are Building on Platinum
4/1/2008Platinum Group Metals Ltd - Project 2 Update Western Bushvel...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (PTM.TO)AMEX (PLG)
0.550+5.77%0.400+2.56%
TORONTO
CA$ 0.550
11/01 15:26 0.030
5.77%
Prev close Open
0.520 0.510
Low High
0.510 0.570
Year l/h YTD var.
0.450 -  3.07 -75.11%
52 week l/h 52 week var.
0.450 -  3.07 -74.18%
Volume 1 month var.
49,230 -5.17%
24hGold TrendPower© : -11
Produces
Develops Platinum
Explores for Cobalt - Copper - Gold - Iron - Nickel - Palladium - Platinum - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2017-71.65%3.191.96
2016-3.00%5.250.20
2015-64.29%7.401.80
2014-55.91%9.5010.90
201356.79%9.7010.00
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.19-2.56%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 4.58+1.78%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.57+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.88+3.05%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.18+6.06%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.66+1.54%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 2.05+3.02%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 3.98-6.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.16+10.71%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.90-2.36%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 4.58-0.33%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.14+3.00%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.08+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 1.07+5.94%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 0.55+5.77%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.02+2.81%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.16+0.00%Trend Power :