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, 2021 and provides a summary of recent events and outlook. The Company is focused on advancing the Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa (the
Waterberg Project ). The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium (
4E ) mine and is projected to be one of the largest and lowest cost underground platinum group metals (
PGM or
PGMs ) mines globally.
A mining right for the Waterberg Project was granted by the South African Department of Mineral Resources and Energy (
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Platinum Group Metals Ltd. Reports Further Appeal
Vancouver, British Columbia and Johannesburg, South Africa (Newsfile Corp. - April 14, 2021) -
Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ( Platinum Group or the Company ) reports that a further notice to appeal the decision granting Waterberg JV Resources (Pty) Ltd. a mining right was received by the Company on April 14, 2021. The notice is reported to be filed by a local community in the area of the proposed mine infrastructure. The Department of Mineral Resources and Energy ( DMRE ) granted the mining right on January 28, 2021. The Company believes that all requirements specified under the Mineral and Petroleum Resources Development Act ( MPRDA ) have been complied with and that Minister Gwede Mantashe s office correctly issued the notice of the granting of the mining right. Waterberg JV Resources (Pty) Ltd is accordingly opposing the appeal. According to the MPRDA, an appeal can be considered by the Minister f
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