Platinum Group Metals Reports Improved Financial Results While Advancing 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 an improvement from the $4.02 million loss reported during the same period the previous year. The company continues to advance its Waterberg Project in South Africa toward a development decision, supported by construction financing and offtake agreements. The Waterberg Project is positioned as a fully mechanized platinum group metals mine with significant potential as a large-scale, low-cost operation according to the updated definitive feasibility study.

Recent financial activities have strengthened the company's position, including a $1 million private placement with HCI and raising $12.3 million through its 2025 at-the-market program. These financial resources support the ongoing development of the Waterberg Project while the company explores additional revenue streams through innovative applications of platinum and palladium. The company's collaboration with Valterra and Florida International University through Lion Battery Technologies represents a strategic diversification into battery technology development.

The company is actively evaluating options for concentrate processing, considering both a proposed smelter in Saudi Arabia and a matte furnace in South Africa. This processing evaluation is critical for optimizing the economic returns from the Waterberg Project once operational. The project's environmental, social, and governance performance was recognized with a BBB rating from Digbee in 2024, reflecting the company's commitment to sustainable mining practices. Additional information about these developments is available at https://ibn.fm/xFBMU.

Platinum Group Metals' reduced financial loss combined with progress on the Waterberg Project development indicates positive momentum for the company's strategic objectives. The integration of traditional mining operations with innovative technology applications through Lion Battery Technologies demonstrates the company's approach to maximizing value from platinum and palladium resources. The combination of improved financial performance, project advancement, and diversification into battery technology applications positions the company for potential growth as it moves closer to a development decision on the Waterberg Project.