Platinum Group Metals LTD. - PLG STOCK NEWS

Platinum Group Metals (TSX: PTM, NYSE American: PLG) has filed a final short form base shelf prospectus with Canadian securities regulators and a corresponding registration statement with the SEC. This filing enables the company to offer up to US$250 million in common shares, debt securities, warrants, subscription receipts, or combinations thereof over a 25-month period. The new shelf prospectus replaces the expired 2022 registration statement, with specific offering terms to be determined based on market conditions and detailed in future prospectus supplements. The company's previous at-the-market common share offering terminated on July 21, 2024.

Platinum Group Metals (TSX: PTM) (NYSE American: PLG) has filed a technical report for its Independent Definitive Feasibility Study (2024 DFS) on the Waterberg Project in South Africa. The report, titled "Waterberg Definitive Feasibility Study Update, Bushveld Igneous Complex, Republic of South Africa," is dated October 9, 2024, with an effective date of August 31, 2024.

The DFS Technical Report was prepared by qualified persons from Stantec Consulting International , Protek Consulting (Pty) , and Turnberry Projects (Pty) It complies with NI 43-101 and S-K 1300 standards. The study involved international and South African engineering firms, with project management by Fraser McGill (Pty)

The report includes an updated independent mineral resource estimate effective August 31, 2024. The full technical report is available on SEDAR+ and the company's website.

Platinum Group Metals (TSX: PTM, NYSE American: PLG) announced positive results from an updated Definitive Feasibility Study (2024 DFS) for the Waterberg Mine. Key updates include:

• Mineral Reserve Increase: Proven and probable reserves up by 20% to 23.41 million 4E oz.
• Extended Life of Mine: Now 54 years with steady annual production of 353,208 4E oz.
• Robust Economics: After-tax NPV at an 8% discount rate of USD $569 million, IRR of 14.2%.
• Low Costs: On-site cash cost of $658 per 4E oz, AISC of $761 per 4E oz.
• Strong Cash Flow: After-tax cashflow of $6.50 billion LOM.
• Capital Efficiency: Total project capital of $946 million.

Additional improvements include increased resource confidence, higher continuity, reduced capital expenditure by $200 million, improved mine management, and reduced water consumption by 36%. The Waterberg Project intends to create approximately 3,425 jobs, contributing to local economies and the automotive and energy sectors.

Platinum Group Metals announced its financial results for nine months ending May 31, 2024. The company reported a net loss of $4.02 million, a slight improvement from the $4.05 million loss in the previous year. General and administrative expenses decreased to $2.57 million from $2.92 million. The Waterberg Project in South Africa remains the primary focus, with recent approvals for budgets to continue work programs and updates to the 2019 Definitive Feasibility Study. Notable collaboration initiatives include a potential PGM smelter in Saudi Arabia with Ajlan & Bros and advancements in lithium battery technologies with Lion Battery Technologies. Platinum Group also reported a private placement raising $2.5 million and noted a 26% interest return for major shareholder, Hosken Consolidated Investments. The company holds diverse currencies, and exchange rates have impacted cash holdings. A new at-the-market equity program worth $50 million was announced, with $1.97 million raised so far. Future goals include further development of the Waterberg Project and finalizing concentrate offtake agreements.

Platinum Group Metals reports second quarter financial results for the six months ended February 29, 2024, focusing on advancing the Waterberg Project and collaboration with Lion Battery Technologies Inc. The Company also announces a Cooperation Agreement with Ajlan & Bros Mining and Metals Co. to study a PGM smelter and base metal refinery in Saudi Arabia.

Platinum Group Metals Ltd. (PLG) announces positive results from its Annual General Meeting, with strong shareholder support for the Board and resolutions. Details of proxy voting show overwhelming approval for directors and auditors.

Platinum Group Metals Ltd. reports financial results and recent events, including a Cooperation Agreement with Ajlan & Bros Mining and Metals Co. for a PGM smelter in Saudi Arabia. They also announced a stage three budget for the Waterberg Project and a non-brokered private placement of common shares. The Company's primary objective is to advance the Waterberg Project to a development and construction decision.

Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) has entered into a Cooperation Agreement with Ajlan & Bros Mining and Metals Co. to study the establishment of a platinum group metals smelter and base metals refinery in Saudi Arabia.

Platinum Group Metals Ltd. (PTM) reports financial results for the year ended August 31, 2023, and provides an update and outlook for the Waterberg Project, focusing on platinum, palladium, gold, and rhodium mining. The company's near-term objectives include advancing the project to a development and construction decision and collaborating with Lion Battery Technologies Inc. for lithium battery technologies. The company's recent events, such as budget approvals and private placements, are also highlighted.