Platinum Group Metals Ltd. Reports Progress on Waterberg Project Amid Financial Loss

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) has provided an update on its Waterberg Project in South Africa, alongside reporting a net loss of $3.4 million for the nine months ended May 31, 2025, an improvement from the $4.02 million loss reported the previous year. The company is focused on advancing the Waterberg Project towards a development decision, supported by construction financing and offtake agreements. In collaboration with Valterra and FIU through Lion Battery Technologies, Platinum Group Metals is exploring innovative battery applications utilizing platinum and palladium. The company has also engaged in significant financing activities, including a $1 million private placement with HCI and raising $12.3 million via its 2025 at-the-market program. Options for concentrate processing are under evaluation, with considerations for a proposed smelter in Saudi Arabia and a matte furnace in South Africa. The updated Definitive Feasibility Study (DFS) for the Waterberg Project underscores its potential as a large-scale, low-cost operation. Additionally, Platinum Group Metals received a BBB ESG rating from Digbee in 2024, reflecting its commitment to environmental, social, and governance standards.