Platinum Group Metals Secures $1 Million Investment from Major Shareholder HCI for Waterberg Project Development

Platinum Group Metals Ltd. has successfully closed a US$1.008 million non-brokered private placement with its major shareholder Hosken Consolidated Investments Limited (HCI), demonstrating continued investor confidence in the company's strategic development plans. The transaction, finalized on May 29, 2025, involved the issuance of 800,000 common shares at US$1.26 per share. This investment restores HCI's ownership stake to 26% in the company, signaling a strong ongoing partnership between the two entities.

Proceeds from the private placement will be strategically allocated to support pre-construction and engineering work at the Waterberg Project, a significant bulk underground palladium and platinum deposit located in South Africa. The project is being jointly developed by Platinum Group Metals, Implats, Mnombo, and HCI. The transaction was negotiated expeditiously and qualifies for exemptions under MI 61-101, given HCI's status as a related party. This approach highlights the company's efficient capital-raising strategy and commitment to maintaining strong relationships with key stakeholders.

The Waterberg Project represents a critical asset in the platinum group metals sector, with potential significant implications for South Africa's mining industry and global precious metals supply. By securing additional funding, Platinum Group Metals continues to advance its development efforts and strengthen its position in the competitive mining landscape. The successful completion of this financing round underscores the confidence that major investors maintain in the company's strategic direction and the long-term potential of the Waterberg Project.

This investment comes at a crucial time for the development of the Waterberg deposit, which is positioned to become a significant contributor to the global supply of platinum group metals. The funding will enable the company to progress essential pre-construction activities and engineering work, moving the project closer to production readiness. The continued support from HCI, a major shareholder with substantial mining industry experience, provides validation of the project's technical and economic viability.

The transaction structure demonstrates Platinum Group Metals' ability to efficiently raise capital while maintaining strong relationships with key stakeholders. The use of MI 61-101 exemptions for related party transactions reflects the company's strategic approach to corporate governance and capital management. This successful financing round positions the company to continue advancing the Waterberg Project while navigating the complex dynamics of the global precious metals market.