FAQ on Platinum Group Metals Ltd.'s Waterberg Project Progress and Financial Update

What is the current financial status of Platinum Group Metals Ltd.?

Platinum Group Metals Ltd. reported a net loss of $3.4 million for the nine months ended May 31, 2025, which is down from $4.02 million year over year.

What is the Waterberg Project?

The Waterberg Project is a bulk underground palladium and platinum deposit located in South Africa, discovered by Platinum Group Metals Ltd. and being jointly developed with Implats, Mnombo, and HJM.

How is Platinum Group Metals Ltd. advancing the Waterberg Project?

The company aims to move the fully mechanized PGM mine to a development decision, supported by construction financing and offtake agreements, and is evaluating concentrate processing options including a proposed Saudi Arabian smelter and a matte furnace in South Africa.

What collaborations is Platinum Group Metals Ltd. involved in?

PLG is collaborating with Valterra and FIU via Lion Battery Technologies to explore battery applications using platinum and palladium.

What recent financing activities has Platinum Group Metals Ltd. undertaken?

Recent financing activities include a $1 million private placement with HCI and raising $12.3 million through its 2025 at-the-market program.

What is the significance of the updated Waterberg DFS?

The updated Waterberg DFS supports the project’s large-scale, low-cost potential, indicating a positive outlook for its development and profitability.

What was Platinum Group Metals Ltd.’s ESG rating from Digbee?

PLG’s 2024 ESG rating from Digbee came in at BBB, reflecting its environmental, social, and governance practices.

Where can I find more information about Platinum Group Metals Ltd.?

For more information about the company, visit www.PlatinumGroupMetals.net or the company’s newsroom at https://ibn.fm/PLG.