Platinum Group Metals Advances Waterberg Project, Positioned to Become Global PGM Production Leader

Platinum Group Metals Ltd. has reached a significant milestone in its Waterberg Project development, positioning the company to become a major global producer of platinum group metals (PGMs). The recently completed definitive feasibility study confirms the project's potential to emerge as one of the world's largest and most cost-efficient underground PGM mining operations.

The Waterberg Project, located in South Africa, represents a strategic investment in critical metals essential for numerous modern technological and industrial applications. Designed as a fully mechanized, shallow, decline-access mine, the project will focus on extracting platinum, palladium, rhodium, and gold, with additional copper and nickel production as by-products.

Platinum group metals play a crucial role in various industries, including automotive manufacturing, electronics, medical technologies, and renewable energy systems. The global demand for these metals continues to grow, driven by increasing technological innovations and the transition to cleaner energy technologies.

The project's underground mining approach and advanced mechanization strategies are expected to contribute to its projected low-cost production profile. This positioning could provide significant competitive advantages in the global PGM market, potentially offering more stable and economically viable metal extraction compared to traditional mining methods.

By developing the Waterberg Project, Platinum Group Metals is not only advancing its corporate interests but also contributing to the broader economic development of South Africa's mining sector. The project promises to create employment opportunities and generate substantial economic value for the region.

As global industries increasingly rely on platinum group metals for advanced technologies, the Waterberg Project represents a forward-looking approach to meeting growing international metal demands. The project's potential for large-scale, efficient production could play a pivotal role in supporting emerging technological and industrial innovations worldwide.