|Bid||1.9500 x 0|
|Ask||1.9900 x 0|
|Day's Range||1.9500 - 2.0000|
|52 Week Range||1.2000 - 3.1000|
|Beta (3Y Monthly)||-1.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 19, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.60|
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.
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”.
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.
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.
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.
PLG:NYSE American) (“Platinum Group”, “PTM” or the “Company”) reports closing of the Company’s previously announced non-brokered private placement of common shares at price of US $1.33 each. An aggregate of 3,124,059 common shares were subscribed for and issued, including a 124,059 common share increase to the announced offering size, resulting in gross proceeds to the Company of US $4.155 million (the “Private Placement”). A 6% cash finder’s fee in the amount of US $71,590 was paid in cash on a portion of the Private Placement.
PLG:NYSE American) (“Platinum Group” “PTM” or the “Company”) reports the Company intends, subject to regulatory approval, to offer and sell up to an aggregate 3.0 million common shares at price of US $1.33 each for gross proceeds of up to US $4.0 million (the “Private Placement”). A 6% cash finder’s fee estimated at US $60,000 is to be paid on a portion of the Private Placement. The majority of the Private Placement is planned to be subscribed for by an existing major shareholder of the Company. Securities purchased pursuant to the Private Placement may not be traded for a period of four months plus one day from the closing of the Private Placement. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Act”), as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of such Act.
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 ...
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”).
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.
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 ...
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.
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.
PLG-NYSE American) (“Platinum Group Metals” or the “Company”) reports that further to its news release dated October 25, 2018 announcing an updated independent resource estimate on the Company’s 50.02% interest in the Waterberg palladium dominant deposit located in the Bushveld Igneous Complex, South Africa, it has today filed the associated National Instrument 43-101 technical report. The report is on a 100% Project basis resource estimate. The report, entitled “Technical Report on the Mineral Resource Update for the Waterberg Project Located in the Bushveld Igneous Complex, South Africa” is dated effective September 27, 2018 and was prepared by Charles J Muller, B. Sc.
Of the 39,999,999 units acquired, 24,909,000 units were acquired pursuant to PTM's Canadian final prospectus supplement dated May 11, 2018 to its short form short form base shelf prospectus dated October 14, 2016 , and 15,090,999 units were acquired on a private placement basis. Each unit acquired by HCI consists of one common share and one common share purchase warrant, with each common share purchase warrant entitling HCI to purchase one additional common share of PTM at a price of US$0.17 for a period of 18 months until November 15, 2019 .