PLG - Platinum Group Metals Ltd.

NYSE American - NYSE American Delayed Price. Currency in USD
1.1900
-0.0600 (-4.80%)
At close: 4:00PM EDT
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Previous Close1.2500
Open0.0000
Bid0.0000 x 900
Ask0.0000 x 1200
Day's Range0.0000 - 0.0000
52 Week Range
Volume0
Avg. Volume84,912
Market Cap41.523M
Beta (3Y Monthly)0.96
PE Ratio (TTM)N/A
EPS (TTM)-0.5440
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est6.96
Trade prices are not sourced from all markets
  • Newsfile

    Platinum Group Metals Announces US$10.4 Million Bought Deal Financing, US$9.2 and US$10 Million Private Placements of Common Shares and Entry into a Payout Agreement and New US$20 Million Credit Facility

    Vancouver, British Columbia--(Newsfile Corp. - August 15, 2019) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (the "Company" or "Platinum Group Metals") announces that it has entered into an agreement with BMO Capital Markets ("BMO") under which BMO has agreed to buy on a bought deal basis in the United States 8,326,957 common shares of the Company (the "Offered Shares"), at a price of US$1.25 per Offered Share for gross proceeds of ...

  • Platinum Giant Wants In on Batteries to Ease Electric Car Threat
    Bloomberg

    Platinum Giant Wants In on Batteries to Ease Electric Car Threat

    (Bloomberg) -- The world’s top platinum and palladium supplier has an answer to the electric-car boom that may pose a long-term threat to its biggest market: invent a new battery.Anglo American Platinum Ltd. wants to develop a lithium battery that uses platinum-group metals instead of cobalt and nickel. The aim is to create a new multi-billion dollar source of demand for the metals as electric vehicles reduce the need for traditional fuel autocatalysts.Platinum miners have good reason to be worried. Electric-car sales are forecast to reach 56 million by 2040, making up about 57% of the overall car market versus 2% now, according to BloombergNEF. That could curb demand for autocatalysts, which use platinum and palladium to clean toxic emissions. Platinum is already under pressure -- prices are near a decade-low as drivers turn away from diesel engines and supplies remain ample. “Platinum could play a big role in batteries, but we need to thrift out the other metals to make it viable,” said Mike Jones, chief executive officer of miner Platinum Group Metals Ltd., which is working with Amplats to develop the new battery.Amplats and Platinum Group Metals have agreed to invest up to $4 million in Lion Battery Technologies Inc. to find a way to use platinum metals to keep batteries cool and create a lighter product with a greater driving range. The venture is studying how much metal will be needed and aims to have a commercial prototype in three to five years.The idea isn’t new. Academics have researched the technology since the 1990s, but developing it has so far been unfeasible.There’s no proof yet that such a battery can be mass manufactured, and no technology right now can compete with nickel-cobalt batteries in terms of affordability and performance, said George Heppel, a battery metals analyst at CRU Group.Part of the challenge is that platinum metals are much more expensive than cobalt and nickel. Early research also shows that 0.5 to 1 ounce of platinum or palladium could be used in the new technology, as much as six times the amount of metal currently used in traditional autocatalysts, said Jones of Platinum Group Metals.What BloombergNEF Says“The battery industry is trying to reduce its reliance on expensive/resource scarce material, so I question how hungry the market would be for these batteries.”\-- James Frith, energy storage analystWhile electric-car sales are already rising, platinum consumption in the auto sector remained fairly robust in recent years amid stricter emissions rules, and the industry has boosted palladium usage, helping push prices to a record. Total demand may rise about 18% for platinum through 2030 and 12% for palladium, according to Noah Capital Markets Ltd.If platinum metals demand does slow, that would be especially bad news for South Africa, where 75% of all platinum and 40% of palladium are mined. The industry contributes about 96 billion rand ($6.3 billion) to exports from the nation, which is teetering on the brink of a second recession in successive years.Miners’ support for new battery technology will likely grow, but more industry collaboration is needed to promote demand for metal, Amplats CEO Chris Griffith said. The company is also working with Toyota Motor Corp. and Mitsubishi Corp. to look at ways to use platinum metals in more environmentally friendly ways.Creating a new battery using platinum metals “would be massively positive for the industry,” said Rene Hochreiter, an analyst at Noah Capital. But “it’s still early stages,” he said.To contact the authors of this story: Rupert Rowling in London at rrowling@bloomberg.netFelix Njini in Johannesburg at fnjini@bloomberg.netTo contact the editor responsible for this story: Nicholas Larkin at nlarkin1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Palladium drops over 7% to log biggest loss in months
    MarketWatch

    Palladium drops over 7% to log biggest loss in months

    Palladium futures drop by more than 7% on Thursday to log their largest one-day loss in over four months and leading broad declines in the New York metals market.

  • Newsfile

    Platinum Group Metals Ltd. Reports Third Quarter Results And Provides Waterberg Palladium Project Update

    Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - July 15, 2019) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group", "PTM" or the "Company") reports the Company's financial results for the nine months ended May 31, 2019 and provides a summary of recent events and outlook. For details of the condensed consolidated interim financial statements for the nine months ended May 31, 2019 (the "Financial Statements") and Management's Discussion ...

  • Newsfile

    Anglo American Platinum and Platinum Group Metals Ltd. Launch New Venture to Develop Next Generation Battery Technology

    Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - July 15, 2019) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group", "PTM" or the "Company") reports that Anglo American Platinum Limited ("Anglo American Platinum") and Platinum Group have launched a new venture, Lion Battery Technologies Inc. ("Lion"), to accelerate the development of next-generation battery technology using platinum and palladium. The possibility of creating additional demand for platinum and palladium in ...

  • Gold, palladium compete for the title ‘most precious metal’
    MarketWatch

    Gold, palladium compete for the title ‘most precious metal’

    An impressive rally has lifts prices for gold back to 2013 highs, while palladium prices have notched records.

  • Newsfile

    Platinum Group Metals Ltd. Closes Non-Brokered Private Placement

    Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - June 28, 2019) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group", "PTM" or the "Company") reports closing of the Company's previously announced non-brokered private placement with Hosken Consolidated Limited ("HCI"), an existing major shareholder of the Company, for gross proceeds of US$1.3 million (the "Private Placement"). In connection with the Private Placement, the Company issued an aggregate of 1,111,111 ...

  • Newsfile

    Platinum Group Metals Ltd. Announces Non-Brokered Private Placement

    Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - June 25, 2019) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" "PTM" or the "Company") reports that the Company intends, subject to regulatory approval, to offer and sell up to an aggregate 1,111,111 common shares at price of US$1.17 each for gross proceeds of up to US$1.3 million (the "Private Placement"). The Private Placement is planned to be subscribed ...

  • Investors Who Bought PL Group (WSE:PLG) Shares Three Years Ago Are Now Up 548%
    Simply Wall St.

    Investors Who Bought PL Group (WSE:PLG) Shares Three Years Ago Are Now Up 548%

    PL Group S.A. (WSE:PLG) shareholders might understandably be very concerned that the share price has dropped 31% in...

  • Why PL Group S.A.’s (WSE:PLG) Return On Capital Employed Might Be A Concern
    Simply Wall St.

    Why PL Group S.A.’s (WSE:PLG) Return On Capital Employed Might Be A Concern

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • GlobeNewswire

    Platinum Group Metals Ltd. Announces Appointment of Former Vale Executive Stuart Harshaw to Company’s Board of Directors

    PLG:NYSE American) (“Platinum Group” “PTM” or the “Company”) announced today that Mr. Stuart Harshaw, P.Eng., MBA, has been appointed to the Company’s board of directors, bringing the number of directors to seven.  Mr. Harshaw was the Vice President, Ontario Operations, for Vale Canada Limited (“Vale”) until 2017 where he was an innovative leader with international experience creating value within mining and natural resource operations around the globe. Platinum Group CEO R. Michael Jones commented, “We are very pleased to welcome Stuart Harshaw to the Board of the Company.  Mr. Harshaw’s extensive experience will be a tremendous asset to the Company as we work through the completion of a definitive feasibility study for the world class Waterberg Project.

  • GlobeNewswire

    Platinum Group Metals Ltd. Reports Second Quarter Results And Provides Waterberg Palladium Project Update

    The Company holds cash in Canadian dollars, United States dollars and South African Rand.  Changes in exchange rates may create variances in the cash holdings or results reported. The Company is focused on completing a Definitive Feasibility Study (“DFS”) for the large scale, palladium dominant and bulk mineable Waterberg Project in South Africa (the “Waterberg Project”).  The strong price outlook for palladium along with DFS optimization work have helped the Company to better estimate the potential mine scale for the Waterberg Project.  Optimization work has determined that higher extraction rates for mineralized material are achievable by using tailings as backfill.  See more details below in “Outlook”.

  • GlobeNewswire

    Hanwa Co. Ltd. Completes Acquisition of 9.755% Interest in Waterberg Palladium Project from JOGMEC Including Metal Marketing Rights

    PLG:NYSE American) (“Platinum Group” “PTM” or the “Company”) reports that the previously announced transaction between the Japan, Oil, Gas and Metals National Corporation (“JOGMEC”) and Hanwa Co. Ltd. (“Hanwa”) has been completed. In February 2018, JOGMEC held a public tender to transfer 9.755% of JOGMEC’s 21.95% interest in the Waterberg Project.  Hanwa successfully won the bid, whereupon Hanwa and JOGMEC started the process required to complete and finalize the transfer.

  • GlobeNewswire

    Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders

    The meeting had a turnout of shareholders representing over 73% of its issued shares eligible to vote at the meeting.  Shareholders strongly supported the appointment of the Board and the resolutions proposed.

  • GlobeNewswire

    Hosken Consolidated Investments Limited Increases Position in Platinum Group Metals Ltd. to 19.89%

    PLG:NYSE American) (“Platinum Group” “PTM” or the “Company”) reports that Hosken Consolidated Investments Limited ("HCI") announced on February 4, 2019 it had acquired, on a private placement basis through its subsidiary Deepkloof Limited, 2,141,942 common shares of Platinum Group Metals Ltd. ("PTM") at a price of US$1.33 per share for total consideration of US$2,848,783. Immediately before the acquisition, HCI held 4,383,447 common shares of PTM, representing 14.77% of PTM's issued and outstanding common shares, and 3,999,999 common share purchase warrants.

  • Associated Press

    Platinum Group: Fiscal 1Q Earnings Snapshot

    On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 2 cents. In the final minutes of trading on Friday, the company's shares hit $1.52. A year ago, they were trading ...

  • GlobeNewswire

    Platinum Group Metals Ltd. Reports First Quarter Results and Provides Waterberg Palladium Project Update

    VANCOUVER, British Columbia and JOHANNESBURG, South Africa, Jan. 11, 2019 -- Platinum Group Metals Ltd. (PTM:TSX; PLG:NYSE American) (“Platinum Group” “PTM” or the “Company”).

  • GlobeNewswire

    Platinum Group Metals Completes Previously Announced Share Consolidation

    PLG-NYSE American) (“Platinum Group” or the “Company”) today completed the previously announced consolidation of its common shares on the basis of one new share for ten old shares (1:10) effective as of 9:00 a.m. (New York time) on December 13, 2018 (the “Effective Time”). The Company’s consolidated common shares are expected to begin trading on the Toronto Stock Exchange (“TSX”) and NYSE American when the markets open on December 17, 2018.

  • Associated Press

    Platinum Group: Fiscal 4Q Earnings Snapshot

    The Vancouver, British Columbia-based company said it had a loss of 1 cent per share. For the year, the company reported that its loss narrowed to $38.7 million, or 20 cents per share. In the final minutes ...

  • GlobeNewswire

    Platinum Group Metals Ltd. Reports 2018 Annual Results

    The Company has focused its business on the palladium dominant large scale, bulk mineable Waterberg Project in South Africa (the “Waterberg Project”). A technical committee of Waterberg JV Resources Pty Ltd. (“Waterberg JV Co.”) is overseeing the DFS with active participation from all partners. Impala Platinum Holdings Ltd. (“Implats”) made a strategic investment of $30.0 million in November 2017 to purchase a 15% stake in the project.

  • GlobeNewswire

    Recent Analysis Shows Liberty Global, New Oriental Education & Technology Group, Platinum Group Metals, Asure Software, Oragenics, and MGE Energy Market Influences — Renewed Outlook, Key Drivers of Growth

    NEW YORK, Nov. 26, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • GlobeNewswire

    Platinum Group Metals Announces Share Consolidation

    PLG-NYSE American) (“Platinum Group” or the “Company”) today announced a consolidation of its common shares on the basis of one new share for ten old shares (1:10), effective at 9:00 a.m. (New York time) on December 13, 2018 (the “Effective Time”).  The Company’s consolidated common shares are expected to begin trading on the Toronto Stock Exchange (“TSX”) and NYSE American when the markets open on December 17, 2018.  The purpose of the consolidation is to increase the Company’s common share price to be in compliance with the NYSE American’s low selling price requirement.