Platinum Group Metals Advances Waterberg Project Amid Historic Platinum Price Rally

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is strategically positioned to benefit from a historic surge in platinum prices, which have risen more than 40% in 2025 amid global supply constraints and growing industrial and investor demand. With its flagship Waterberg project in South Africa, the company is advancing production of platinum, palladium, rhodium, gold, copper, and nickel to meet rising needs in automotive, hydrogen fuel cells, aerospace, and defense sectors. Supply disruptions in South Africa, including power outages and refinery maintenance, have contributed to significant output declines, tightening the market just as demand intensifies.

The importance of this development lies in the critical timing of Platinum Group Metals' advancement of the Waterberg project during a period of unprecedented market conditions. The 40% price increase in platinum during 2025 represents one of the most significant rallies in recent commodity history, driven by a perfect storm of supply constraints and expanding industrial applications. The company's focus on mechanized, low-cost, and sustainable operations positions it to provide a reliable source of critical metals when global supply chains are experiencing substantial pressure.

This strategic positioning comes at a crucial moment for multiple high-tech industries that depend on platinum group metals. The automotive sector continues to require these metals for catalytic converters, while emerging technologies like hydrogen fuel cells represent a rapidly growing demand segment. The aerospace and defense industries also rely heavily on these materials for various applications, creating a multi-sector demand base that shows no signs of slowing. The supply constraints in South Africa, which accounts for the majority of global platinum production, have created market conditions that favor well-positioned producers with advanced projects ready for development.

By capitalizing on strong price momentum and focusing on sustainable operations, Platinum Group Metals aims to establish itself as a key supplier in the global metals market. The company's approach to mechanized mining operations addresses both cost efficiency and environmental concerns, potentially setting a new standard for responsible resource extraction in the industry. This combination of favorable market conditions and strategic operational planning positions the company for potential long-term growth as global supply and demand dynamics continue to evolve across multiple industrial sectors.