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Platinum Group Metals LTD. - PLG STOCK NEWS

Welcome to our dedicated page for Platinum Group Metals LTD. news (Ticker: PLG), a resource for investors and traders seeking the latest updates and insights on Platinum Group Metals LTD. stock.

Platinum Group Metals Ltd. (symbol: PLG) is a leading exploration and development company specializing in the acquisition and development of platinum and palladium properties. Founded in 2000 and headquartered in Vancouver, Canada, the company is deeply invested in the exploration of valuable minerals including platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel.

One of the company's cornerstone projects is the Waterberg Project, located on the Northern Limb of the Bushveld Complex in South Africa. Holding a 50.02% interest, Platinum Group Metals Ltd. is the primary operator of this bulk underground PGM deposit. The Waterberg Project, discovered by the company, is being jointly developed with notable partners such as Impala Platinum Holdings Ltd. (Implats), the Japan Oil, Gas and Metals National Corporation (JOGMEC), and Hanwa Co. Ltd.

The Waterberg Project is envisioned as a fully mechanized, shallow, decline access mine for palladium, platinum, gold, and rhodium. It is projected to become one of the largest and lowest-cost underground PGM mines globally. Current objectives for the project include advancing it to a development and construction decision, securing construction financing, and arranging concentrate offtake agreements.

Additionally, the company is at the forefront of next-generation battery technology through its initiative with Lion Battery Technologies Inc. (

News

Platinum Group Metals Ltd. Reports Second Quarter Results

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

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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.
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Platinum Group Metals Ltd. Reports First Quarter Results

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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.
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Platinum Group Metals Ltd. Signs Cooperation Agreement with Ajlan & Bros Mining and Metals Co. to Study a PGM Smelter and Base Metal Refinery in Saudi Arabia

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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.
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Platinum Group Metals Ltd. Reports 2023 Annual Results

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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.
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Platinum Group Metals Ltd. Completes Non-Brokered Private Placement

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Platinum Group Metals Ltd. closes non-brokered private placement, raising US$2.5 million
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Platinum Group Metals Ltd. Announces Non-Brokered Private Placement

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Platinum Group Metals plans to sell 2,118,645 common shares at $1.18 each for gross proceeds of $2.5 million to existing major shareholder HCI. The Private Placement represents a 4.54% discount to the five-day volume weighted average trading price. HCI's interest in the Company will increase to nearly 27%. The securities purchased cannot be traded for four months plus one day. The transaction is subject to customary closing conditions and regulatory approval.
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Platinum Group Metals Ltd. Reports Third Quarter Results

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Platinum Group Metals Ltd. reports financial results for the nine-month period ended May 31, 2023. The company is focused on advancing the Waterberg Project, which is projected to be one of the largest and lowest-cost underground platinum group metals mines globally. They are also collaborating with Lion Battery Technologies Inc. on platinum and palladium-based battery technologies. The company incurred a net loss of $4.05 million during the period.
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Platinum Group Metals Ltd. Engages The Battery Innovation Center (BIC) for Testing and Scale-Up of PGM Based Lithium-Sulfur and Lithium-Ion Battery Chemistries Developed by Subsidiary Lion Battery Technologies Inc.

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Platinum Group Metals Ltd. Reports JOGMEC Establishes Special Purpose Company to Hold and Fund Combined Equity Interests in the Waterberg PGM Project

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FAQ

What is the current stock price of Platinum Group Metals LTD. (PLG)?

The current stock price of Platinum Group Metals LTD. (PLG) is $1.31 as of February 4, 2025.

What is the market cap of Platinum Group Metals LTD. (PLG)?

The market cap of Platinum Group Metals LTD. (PLG) is approximately 131.0M.

What is Platinum Group Metals Ltd.?

Platinum Group Metals Ltd. is a company engaged in the acquisition, exploration, and development of platinum and palladium properties.

Where is the Waterberg Project located?

The Waterberg Project is located on the Northern Limb of the Bushveld Complex in South Africa.

Who are the partners in the Waterberg Project?

The Waterberg Project is being developed jointly with Impala Platinum Holdings Ltd., the Japan Oil, Gas and Metals National Corporation, and Hanwa Co. Ltd.

What are the key minerals explored by Platinum Group Metals Ltd.?

The company explores platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits.

What is the focus of Lion Battery Technologies Inc.?

Lion Battery Technologies Inc., in collaboration with Anglo American Platinum Limited and Florida International University, focuses on developing next-generation battery technology using platinum and palladium.

How does Platinum Group Metals Ltd. prioritize ESG standards?

The company has received multiple ESG disclosure reports from Digbee Ltd., demonstrating its commitment to environmental, social, and governance standards.

What are the recent achievements of Platinum Group Metals Ltd.?

Recent achievements include positive exploration results at the Waterberg Project and advancements in battery technology through Lion Battery Technologies Inc.

What are the financial highlights of Platinum Group Metals Ltd.?

For detailed financial results, shareholders are encouraged to visit the company's website or review its filings on SEDAR+ and EDGAR.

What is the significance of the Cooperation Agreement with Ajlan & Bros Mining and Metals Co.?

The agreement aims to study the establishment of a PGM smelter and base metals refinery in Saudi Arabia, potentially offering an alternative to existing smelting options in South Africa.

Where can shareholders find more information about Platinum Group Metals Ltd.?

Shareholders can visit the company's website at www.platinumgroupmetals.net or review its filings on SEDAR and EDGAR.
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Platinum Group Metals LTD.

NYSE:PLG

PLG Rankings

#4242 Ranked by Market Cap
N/A Ranked by Dividends

PLG Stock Data

130.98M
75.48M
26.44%
25.95%
1.67%
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