Platinum Group Metals Reports Improved Financial Performance 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 focus on advancing 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 for large-scale, low-cost operations 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 are critical for advancing the Waterberg Project through its development phases. 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, which could significantly impact the project's operational efficiency and cost structure.

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 utilizing platinum and palladium in advanced battery technologies, potentially opening new markets for these metals beyond their traditional industrial applications. The company's commitment to environmental, social, and governance principles is reflected in its 2024 ESG rating of BBB from Digbee, indicating a moderate level of ESG implementation and transparency.

The combination of improved financial performance, strategic project advancement, and exploration of new technological applications positions Platinum Group Metals for potential growth in both traditional and emerging markets. For additional information about the company's developments and financial performance, visit https://ibn.fm/xFBMU. The ongoing progress at Waterberg, coupled with innovative research in battery technology applications, demonstrates the company's multifaceted approach to creating value in the platinum group metals sector while maintaining focus on sustainable development practices.