Platinum Group Metals Secures $1 Million Investment from Major Shareholder HCI for Waterberg Project Development

Platinum Group Metals Ltd. has successfully closed a US$1.008 million non-brokered private placement with its major shareholder Hosken Consolidated Investments Limited (HCI), demonstrating continued investor confidence in the company's strategic development plans. The transaction, finalized on May 29, 2025, involved the issuance of 800,000 common shares at US$1.26 per share. This investment restores HCI's ownership stake to 26% in the company, signaling a strong ongoing partnership between the two entities.

Proceeds from the private placement will be strategically allocated to support pre-construction and engineering work at the Waterberg Project, a significant bulk underground palladium and platinum deposit located in South Africa. The project is being jointly developed by Platinum Group Metals, Implats, Mnombo, and HJM, representing a collaborative effort in advancing this important mining initiative. The funding comes at a critical time for the development of the Waterberg deposit, which holds substantial potential in the platinum group metals sector.

The transaction was negotiated expeditiously and qualifies for exemptions under MI 61-101, given HCI's status as a related party. This approach highlights the company's efficient capital-raising strategy and commitment to maintaining strong relationships with key stakeholders. The successful completion of this private placement underscores the confidence that major investors have in Platinum Group Metals' management team and their ability to execute on strategic development objectives.

The Waterberg Project represents a critical asset in the platinum group metals sector, with potential significant implications for South Africa's mining industry and global precious metals supply. By securing additional funding, Platinum Group Metals continues to advance its development efforts and strengthen its position in the competitive mining landscape. The investment from HCI not only provides necessary capital but also serves as a vote of confidence in the company's long-term vision and operational capabilities.

This funding round demonstrates the importance of maintaining strong relationships with key investors during challenging market conditions. The restoration of HCI's ownership stake to 26% ensures continued alignment between the company and its major shareholder, potentially facilitating smoother decision-making processes and strategic planning. The Waterberg Project's development remains a priority for Platinum Group Metals, and this investment represents a significant step forward in bringing the project closer to production readiness.