Platinum Group Metals Secures $1 Million Investment from HCI to Advance Waterberg Project

Platinum Group Metals Ltd. has successfully completed a private placement of 800,000 common shares, raising US$1.008 million from its major shareholder Hosken Consolidated Investments Limited (HCI). The transaction, priced at US$1.26 per share, restores HCI's ownership stake to 26% in the company.

The capital infusion is specifically targeted to support pre-construction and engineering activities for the Waterberg Project, a substantial underground palladium and platinum deposit located in South Africa. This strategic investment underscores HCI's continued confidence in the project's potential and the company's development strategy.

The Waterberg Project represents a significant collaborative effort, being jointly developed by Platinum Group Metals, Implats, Mnombo, and HJM. The project's advancement signals ongoing progress in developing a potentially lucrative platinum group metals resource in the region.

The private placement was structured to qualify for exemptions under MI 61-101, reflecting a streamlined and expedited negotiation process. By securing additional funding from an existing major shareholder, Platinum Group Metals demonstrates its ability to attract continued investment and maintain strong corporate partnerships.

Funds from this placement will be crucial in supporting the project's pre-construction phase, enabling further technical studies, engineering work, and general corporate development. The investment comes at a critical time for the mining sector, where strategic capital can significantly accelerate project development and potentially create substantial value for shareholders.