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 HCI through their partnership structure. This funding injection comes at a critical time for the development of what many industry analysts consider one of the most promising platinum group metals projects globally.

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 ability to secure funding quickly from an existing major shareholder demonstrates the confidence HCI has in Platinum Group Metals' management team and their development strategy for the Waterberg Project.

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 project's development timeline and production targets are now better positioned to meet market expectations, particularly given the growing demand for platinum group metals in various industrial applications and clean energy technologies.

This investment not only provides immediate capital for project advancement but also sends a strong signal to the broader investment community about the viability and potential of the Waterberg Project. The restoration of HCI's ownership to 26% indicates their long-term commitment to the project's success and their belief in the strategic direction being pursued by Platinum Group Metals management. The funding will enable the company to maintain momentum in development activities while potentially attracting additional investment partners as the project progresses toward construction phase.