Platinum Group Metals Reports Improved Financial Results and Advances Waterberg Project Development

Platinum Group Metals Ltd. has reported a net loss of $3.4 million for the nine months ended May 31, 2025, representing a significant improvement from the $4.02 million loss recorded during the same period the previous year. The company provided a comprehensive update on its Waterberg Project in South Africa, emphasizing progress toward a development decision for what is positioned as a fully mechanized platinum group metals mine. The project's advancement is supported by ongoing efforts to secure construction financing and establish offtake agreements, critical components for bringing the operation to production.

The updated Definitive Feasibility Study for Waterberg highlights the project's potential as a large-scale, low-cost operation, reinforcing its strategic importance to the company's future. Beyond traditional mining operations, Platinum Group Metals is exploring innovative applications for its metals through its collaboration with Valterra and Florida International University via Lion Battery Technologies. This partnership focuses on developing battery technologies that utilize platinum and palladium, potentially opening new markets for these metals beyond their traditional industrial applications.

Recent financial activities have strengthened the company's position, including a $1 million private placement with HCI and the successful raising of $12.3 million through its 2025 at-the-market program. These capital raises provide essential funding for continued project development and operational activities. The company is also evaluating various options for concentrate processing, considering both a proposed smelter in Saudi Arabia and a matte furnace in South Africa, decisions that will significantly impact the project's operational efficiency and cost structure.

Environmental, social, and governance principles remain a key focus for Platinum Group Metals, as evidenced by its 2024 ESG rating of BBB from Digbee. This rating reflects the company's commitment to sustainable development practices and responsible resource management. The combination of improved financial performance, project advancement, and strategic partnerships positions the company for potential growth in both traditional mining and emerging technology applications. For additional information on these developments, visit https://ibn.fm/xFBMU.