Edition:
United States

Platinum Group Metals Ltd (PLG)

PLG on American Stock Exchange

0.37USD
22 Sep 2017
Change (% chg)

$-0.01 (-3.30%)
Prev Close
$0.39
Open
$0.40
Day's High
$0.41
Day's Low
$0.37
Volume
452,597
Avg. Vol
604,137
52-wk High
$2.97
52-wk Low
$0.37

Latest Key Developments (Source: Significant Developments)

Platinum Group Metals announces proposed sale of Maseve mine
Wednesday, 6 Sep 2017 07:30am EDT 

Sept 6 (Reuters) - Platinum Group Metals Ltd ::Platinum Group Metals Ltd announces proposed sale of Maseve mine.Platinum Group Metals Ltd - deal for ‍US $74.0 million​.Platinum Group Metals Ltd - ‍cash proceeds of sale will be used to repay debt​.  Full Article

Platinum Group Metals to sell Maseve Investments 11 Proprietary Limited
Wednesday, 6 Sep 2017 07:30am EDT 

Sept 6 (Reuters) - Platinum Group Metals Ltd :Platinum Group Metals Ltd. announces proposed sale of Maseve mine.Platinum Group Metals Ltd - has entered into a term sheet to sell Maseve Investments 11 Proprietary Limited to Royal Bafokeng Platinum Limited.Platinum Group Metals Ltd- transaction valued at approximately US$74.0 million, payable as to US$62.0 million in cash and US$12.0 million in RBPLAT common shares.Cash proceeds of sale will be used to repay debt.  Full Article

Platinum Group Metals Ltd Waterberg project joint venture advances
Friday, 4 Aug 2017 08:25am EDT 

Aug 4 (Reuters) - Platinum Group Metals Ltd :Platinum Group Metals Ltd Waterberg project joint venture advances.Platinum Group Metals Ltd - ‍ transfer of all waterberg prospecting rights has been approved by South African department of mineral resources​.Platinum Group Metals Ltd - company currently holds a 49.0% interest in mnombo.Platinum Group Metals-Japan Oil, Gas And Metals National Corp completed their usd $20 million funding commitment, their interest can be vested in Jv Co​.  Full Article

Platinum Group Metals Ltd - ‍exploring further debt, sale of assets or equity
Monday, 31 Jul 2017 08:36am EDT 

July 31 (Reuters) - Platinum Group Metals Ltd :Platinum Group Metals Ltd operational and strategic process update.Platinum Group Metals Ltd - ‍exploring further debt, sale of assets or equity.Platinum Group Metals Ltd - ‍has received several proposals and is actively engaged in evaluating "opportunities" at both asset and corporate levels​.Platinum Group Metals Ltd - ‍several expressions of interest have been received for maseve mine assets​.Platinum Group Metals Ltd - co has changed operating plan at maseve and lowered its cost structure to align with reduced production ramp up profile.Platinum Group Metals - ‍has active interest in its waterberg project from multiple parties in south africa and internationally with discussions ongoing​.Platinum Group Metals Ltd - company continues to work with BMO capital markets and macquarie capital to review and assess strategic alternatives.Platinum Group Metals Ltd - is actively exploring possible synergies, sale of assets, joint ventures, direct investment and custom milling at maseve.  Full Article

Royal Bafokeng says submitted expression of interest for Platinum group's maseve business
Monday, 31 Jul 2017 05:35am EDT 

July 31 (Reuters) - Royal Bafokeng Platinum Ltd ::ROYAL BAFOKENG PLATINUM- SUBMITTED CONDITIONAL NON- BINDING EXPRESSION OF INTEREST FOR POTENTIAL TRANSACTION WITH PLATINUM GROUP RELATING ITS MASEVE BUSINESS.ROYAL BAFOKENG PLATINUM - HAS ENTERED INTO DISCUSSIONS IN THIS REGARD, WHICH IF SUCCESSFULLY CONCLUDED MAY HAVE A MATERIAL EFFECT ON COMPANY'S SECURITIES.  Full Article

Northam Platinum acquires Platinum Group Metals recycling assets in U.S
Friday, 28 Jul 2017 01:33am EDT 

July 28 (Reuters) - Northam Platinum Ltd :ACQUISITION OF PLATINUM GROUP METALS RECYCLING ASSETS IN UNITED STATES OF AMERICA.AGGREGATE CONSIDERATION PAYABLE BY NORTHAM IN RESPECT OF TRANSACTIONS AMOUNTS TO APPROXIMATELY USD10.7 MILLION, TO BE SETTLED IN CASH.  Full Article

Platinum Group Metals reports third quarter 2017 results
Monday, 17 Jul 2017 04:30pm EDT 

July 17 (Reuters) - Platinum Group Metals Ltd :Platinum Group Metals reports third quarter 2017 results.Platinum Group Metals - Maseve mine delivered 6,925 ounces of platinum, palladium, rhodium & gold in concentrate during 3 month period ended may 31.Platinum Group - estimates will need $10 million to $20 million of additional funding to maintain working capital covenants in 2017 under existing loan facilities.Platinum Group - in near term, co's liquidity will be constrained as development at Maseve mine will utilize a majority of co's cash on hand.Says earlier production guidance provided by company is no longer valid and should not be relied upon.  Full Article

Platinum Group Metals announces private placement of $20 mln convertible senior notes
Tuesday, 27 Jun 2017 10:59pm EDT 

June 27 (Reuters) - Platinum Group Metals Ltd ::Platinum Group Metals announces private placement of US$20 million 6 7/8% convertible senior subordinated notes due 2022.Notes will bear interest at a rate of 6 7/8% per annum, payable semi-annually on January 1 and July 1 of each year.To use proceeds from sale of notes for working capital at Maseve Mine, for work on study on Waterberg Project.  Full Article

PLATINUM GROUP METALS LTD REPORTS ON MASEVE MINE OPERATIONS
Friday, 9 Jun 2017 09:20am EDT 

June 9 (Reuters) - Platinum Group Metals Ltd ::PLATINUM GROUP METALS - DURING MAY 2017 MASEVE MINE PRODUCED APPROXIMATELY 2,480 OUNCES OF PLATINUM, PALLADIUM, RHODIUM AND GOLD IN CONCENTRATE.PLATINUM GROUP METALS - IS IN DISCUSSIONS WITH ITS LENDERS FOR WAIVERS OF MINIMUM WORKING CAPITAL PROVISIONS AND IS ACTIVELY PURSUING FURTHER FUNDING.PLATINUM GROUP METALS LTD - ADDITIONAL WORKING CAPITAL WILL BE REQUIRED TO MAINTAIN ITS COVENANTS WITH ITS LENDERS AND TO CONTINUE ITS OPERATIONS.PLATINUM GROUP METALS LTD - FINANCING METHODS IN CONSIDERATION BY COMPANY INCLUDE BUT ARE NOT LIMITED TO SALE OF ASSETS, DEBT OR EQUITY.  Full Article

Platinum Group Metals reports $20 mln bought deal financing
Tuesday, 18 Apr 2017 04:18pm EDT 

April 18 (Reuters) - Platinum Group Metals Ltd ::Platinum Group Metals announces us$20 million bought deal financing.Platinum Group Metals -intends to use net proceeds of offering for underground development and production ramp-up of maseve mine, among others.Platinum Group Metals - entered into agreement with BMO capital markets under which BMO agreed to buy on bought deal basis 15.4 million common shares of co.  Full Article