Platinum Group Metals Reports Fiscal 2025 Results and Advances Waterberg Project Toward Development Decision

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) has reported its financial results for the year ended August 31, 2025, while continuing to advance the fully mechanized Waterberg Project in South Africa toward a construction and development decision. The company detailed the filing of its audited financial statements, Annual Information Form (AIF), Management's Discussion and Analysis (MD&A), and Form 40-F on regulatory platforms SEDAR+ and EDGAR, providing transparency to investors and stakeholders. This reporting comes at a critical juncture as the company works to secure financing and concentrate offtake agreements for the Waterberg Project, which represents a significant development in the platinum group metals (PGM) sector.

The ownership structure of Waterberg JV Co. as of August 31, 2025, shows Platinum Group Metals holding a 37.32% direct interest plus an additional 12.97% indirect interest through Mnombo. Other partners include Mnombo at 26%, HJM at 21.95%, and Implats at 14.73%, with Implats' stake diluted by approximately 0.27% after pausing contributions amid capital-expenditure restrictions. This ownership distribution highlights the collaborative nature of the project and the strategic partnerships involved in developing what is described as a bulk underground PGM and base metal deposit. The project's advancement toward a construction decision has significant implications for global PGM supply, particularly given the strategic importance of these metals in various industrial applications and clean energy technologies.

The Waterberg Project's progress represents a notable development in South Africa's mining sector, which has faced numerous challenges in recent years. As the operator of the project discovered by Platinum Group Metals, the company's continued advancement toward construction and development decisions signals potential economic benefits for the region and the broader mining industry. The company's regulatory filings and financial reporting provide investors with essential information to assess the project's viability and the company's financial position as it moves toward critical development milestones. The project's fully mechanized approach may also have implications for mining efficiency and safety standards in the PGM sector.

For investors seeking additional information, the company maintains a newsroom at https://ibn.fm/PLG where updates relating to PLG are available. The broader context of this announcement includes the specialized communications platform InvestorWire, which disseminates corporate news through its network, though the focus remains on Platinum Group Metals' specific developments and financial reporting. The company's progress on the Waterberg Project, combined with its fiscal 2025 results, provides a comprehensive view of its current position and future direction in the competitive PGM market.