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Platinum Group Metals Ltd TSX: PTM-T

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Latest Press Releases

Platinum Group Metals Ltd. Reports Court Application Opposing Environmental Authorization
- Newsfile Corp - Thu May 13, 5:01PM CDT
Newsfile Corp - CMTX
Thu May 13, 5:01PM CDT
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - May 13, 2021) -   (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") has received notice that a group from the Kgatlu Community (the "Applicants"), located near planned surface infrastructure associated with the Waterberg Mine, has filed an application for an order in the High Court of South Africa (the "High Court") to review and set aside the decision by the Minister of Environment, Forestry and Fisheries (the "DE") to dismiss an application for condonation for the late filing of an appeal by the Applicants against the Environmental Authorization granted for the Waterberg Mine on November 10, 2020. The Applicants further request that cause be shown as to why the Environmental Authorization granted by the Minister of the DE and the Minister of Mineral Resources and Energy (the "DMR") should not be set aside and referred back to the said ministers for further consideration. The grant of an Environmental Authorization was a prerequisite to the grant of the Waterberg Mining Right by the DMR, which occurred on January 28, 2021. The Company believes that all requirements specified under the National Environmental Management Act, the Mineral and Petroleum Resources Development Act and other applicable legislation has been complied with and that the DE correctly approved and DMR correctly issued the Environmental Authorization. As an interested and affected party, and as a named respondent to the filed court action, Waterberg JV Resources (Pty) Ltd is accordingly opposing the application to the High Court. The Waterberg mining right currently remains active, was notarially executed by the DMR on April 13, 2021 and has been filed for registration.
Platinum Group Metals Ltd. Reports Further Appeal
- Newsfile Corp - Wed Apr 14, 2:29PM CDT
Newsfile Corp - CMTX
Wed Apr 14, 2:29PM CDT
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - April 14, 2021) - (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") reports that a further notice to appeal the decision granting Waterberg JV Resources (Pty) Ltd. a mining right was received by the Company on April 14, 2021. The notice is reported to be filed by a local community in the area of the proposed mine infrastructure. The Department of Mineral Resources and Energy ("DMRE") granted the mining right on January 28, 2021. The Company believes that all requirements specified under the Mineral and Petroleum Resources Development Act ("MPRDA") have been complied with and that Minister Gwede Mantashe's office correctly issued the notice of the granting of the mining right. Waterberg JV Resources (Pty) Ltd is accordingly opposing the appeal. According to the MPRDA, an appeal can be considered by the Minister for determination within a 130-business day timeframe. The mining right currently remains active and was notarially executed by the DMRE on April 13, 2021.
Platinum Group Metals Ltd. Reports Second Quarter Results
- Newsfile Corp - Tue Apr 13, 4:01PM CDT
Newsfile Corp - CMTX
Tue Apr 13, 4:01PM CDT
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - April 13, 2021) -   (TSX: PTM) (NYSE American: PLG) ("" "" or the "") reports the Company's financial results for the six months ended February 28, 2021 and provides a summary of recent events and outlook. The Company is focussed on advancing the palladium dominant Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa (the ""). The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium ("") mine and is projected to be one of the largest and lowest cost underground platinum group metals ("" or "") mines globally.
Platinum Group Metals Ltd. Reports Notice of Appeal
- Newsfile Corp - Mon Mar 8, 7:11AM CST
Newsfile Corp - CMTX
Mon Mar 8, 7:11AM CST
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - March 8, 2021) - (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") confirms that a notice to appeal the decision granting Waterberg JV Resources (Pty) Ltd. a mining right was received by the Company on March 5, 2021. The notice was filed by a group of four individual appellants from a local community. The Department of Mineral Resources and Energy ("DMRE)" granted the mining right on February 3, 2021. The Company believes that all requirements specified under the Mineral and Petroleum Resources Development Act ("MPRDA") have been complied with and that Minister Gwede Mantashe's office correctly issued the notice of the granting of the mining right. According to the MPRDA, an appeal can be considered by the Minister for determination within a 130-day timeframe. The mining right currently remains active.
Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders
- Newsfile Corp - Thu Feb 18, 5:29PM CST
Newsfile Corp - CMTX
Thu Feb 18, 5:29PM CST
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - February 18, 2021) - (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") is pleased to announce positive results from its Annual General Meeting held on February 18, 2021 in Vancouver, BC.
Platinum Group Metals Ltd. Enters into At-The-Market Offering Sales Agreement
- Newsfile Corp - Fri Feb 5, 4:12PM CST
Newsfile Corp - CMTX
Fri Feb 5, 4:12PM CST
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - February 5, 2021) - (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") reports that it has entered into an Equity Distribution Agreement (the "Sales Agreement") with BMO Capital Markets Corp. ("BMO"), effective as of February 5, 2021. Under the Sales Agreement, Platinum Group may sell its common shares in the capital of the Company from time to time for up to US$50.0 million in aggregate sales proceeds in "at-the-market" transactions. No offers or sales of common shares will be made in Canada, to anyone known by BMO to be a resident of Canada or on or through the facilities of the Toronto Stock Exchange (the "TSX") or other trading markets in Canada.
Platinum Group Metals Ltd. Announces Mining Right Granted for Waterberg Joint Venture Palladium, Platinum, Gold and Rhodium Mine
- Newsfile Corp - Wed Feb 3, 12:01AM CST
Newsfile Corp - CMTX
Wed Feb 3, 12:01AM CST
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - February 3, 2021) - (TSX: PTM) (NYSE American: PLG) ("" "" or the "") reports that the Department of Mineral Resources and Energy ("DMRE") of South Africa has notified the Company in writing that the Waterberg JV Resources (Pty) Ltd. Mining Right for the Waterberg Project (the "Waterberg Mining Right") has been granted. The Waterberg Project is located on the Northern Limb of the Bushveld Complex in South Africa, approximately 85 km north of the town of Mokopane (formerly Potgietersrus).
Platinum Group Metals Ltd. Subsidiary Lion Battery Technologies Granted Second US Patent New Provisional Patent Filed for PGMs in Lithium Batteries
- Newsfile Corp - Tue Jan 19, 12:03AM CST
Newsfile Corp - CMTX
Tue Jan 19, 12:03AM CST
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - January 19, 2021) - (TSX: PTM) (NYSE American: PLG) ("" "" or the "") and subsidiary Lion Battery Technologies Inc. ("Lion") reports that the U.S. Patent and Trademark Office has issued a second patent to Florida International University ("FIU") related to platinum group metals ("PGMs") being used in lithium batteries. Under a sponsored research agreement ("SRA"), Lion has exclusive rights to all technology being developed by FIU with Lion funding, including granted patents.
Platinum Group Metals Ltd. Reports First Quarter Results
- Newsfile Corp - Wed Jan 13, 4:32PM CST
Newsfile Corp - CMTX
Wed Jan 13, 4:32PM CST
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - January 13, 2021) - (TSX: PTM) (NYSE American: PLG) ("" "" or the "") reports the Company's financial results for the three months ended November 30, 2020 and provides a summary of recent events and outlook. The Company is focussed on advancing the palladium dominant Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa (the ""). The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium ("") mine and is projected to be one of the largest and lowest cost underground platinum group metals ("" or "") mines globally.
Miners Seeing Production Shift for the Fluorspar Billion Dollar Market
- PR Newswire - PRF - Tue Dec 22, 2020
PR Newswire - PRF - CMTX
Tue Dec 22, 2020
PALM BEACH,  Fla., /PRNewswire/ -- During the current pandemic, most investors are focusing on gold or silver and other ores & metals, but fluorspar should also be on their radar… not because it trades like gold and silver, but because it is a necessary component in sectors that are projected to grow significantly over the next several years. Fluorite is used for several purposes. The primary users are the chemical, metallurgical, and ceramic industries, but it is also an essential component in the lapidary and optical industry. There are three different grades of processed fluorite: ceramic, metallurgical and acid. Acid grade fluorspar is the most purified form of fluorite and it is mostly used in the chemical industry to produce hydrofluoric acid that is used in the manufacture of fluorocarbon chemicals, refrigerants, and fluoride chemicals; Ceramic grade fluorspar is used in the manufacture of ceramics, specialty glass, and enamelware. This mineral is also used as a component in the production of surface treatments and glazes. Teflon, which is used in the manufacture of non-stick cooking ware is made from fluorine; and Metallurgical grade fluorspar It is mostly used in the production of metals such as steel and iron. The mineral is used to extract impurities such as phosphorus and sulfur from molten ore and increase the fluidity of the slag. An average of 40 pounds of fluorite is used to obtain a ton of metal, but metal manufacturers in use purer fluorspar to achieve better quality steel. A  from Industry Research says that the global Fluorspar market size is projected to reach by 2026, from in 2020, at a CAGR of 3.2% during 2021-2026.  Active stocks in the mining markets this week include (OTCQB: ARSMF) (TSX-V: ARS), (NASDAQ: AREC),  (NYSE: CLF),  (NYSE: PLG) (TSX: PTM).

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