Platinum Group Metals Secures $1.01 Million Investment from Major Shareholder for Waterberg Project Development

Platinum Group Metals Ltd. has announced plans to raise approximately $1.01 million through a private placement of 800,000 common shares with major shareholder Hosken Consolidated Investments Limited. The share placement is priced at $1.26 per share, representing a 3.1% premium to the five-day volume-weighted average price on NYSE American as of May 9. This premium pricing indicates strong investor confidence in the company's valuation and future prospects.

The proceeds from this private placement will be allocated to support the company's pre-construction activities at the Waterberg Project in South Africa and address general corporate needs. This funding comes at a critical juncture as the company advances development of the significant mineral deposit. Upon completion of the transaction, HCI will maintain a 26% ownership stake in the company, reinforcing its long-term commitment to Platinum Group Metals' success.

The proposed share issuance is subject to regulatory approval and will be executed under exemptions to registration and shareholder approval requirements, given HCI's status as a related party. The shares will be subject to a four-month-plus-one-day resale restriction, ensuring compliance with securities regulations and providing market stability following the transaction.

The Waterberg Project represents a significant development in the platinum group metals sector as a bulk underground palladium and platinum deposit being jointly developed by Platinum Group Metals, Implats, Mnombo, and HCI. This strategic investment highlights the ongoing collaborative efforts among partners in advancing the project's development and potential mineral resource extraction. The project's advancement is particularly important given the growing demand for platinum group metals in various industrial applications and clean energy technologies.

This private placement demonstrates the continued support from major shareholders and provides essential capital for advancing one of South Africa's significant mineral development projects. The transaction structure, with its premium pricing and regulatory compliance measures, reflects the sophisticated approach to corporate financing in the mining sector while maintaining strong governance standards.