Core Viewpoint - Platinum Group Metals Ltd. is focused on advancing the Waterberg Project in South Africa, which is projected to be one of the largest and lowest-cost underground platinum group metals mines globally [1][23]. Financial Results - For the nine months ended May 31, 2025, the company reported a net loss of $3.40 million, an improvement from a net loss of $4.02 million in the same period in 2024 [14]. - General and administrative expenses increased to $2.78 million from $2.57 million year-over-year, while stock-based compensation decreased to $0.79 million from $1.61 million [14]. - Basic and diluted loss per share was $0.03, compared to $0.04 for the same period in 2024 [15]. Project Development - The Waterberg Project is owned by Waterberg JV Resources, with Platinum Group holding a 37.32% interest [5]. - The company aims to finalize construction financing and concentrate offtake agreements to advance the Waterberg Project to a development and construction decision [2][23]. - An interim budget of Rand 42 million (approximately $2.27 million) was approved to continue work programs for the Waterberg Project [7]. Recent Events - A non-brokered private placement raised $1.0 million by issuing 800,000 common shares at $1.26 each, allowing a major shareholder to regain a 26% interest in the company [6]. - The company entered into an Equity Distribution Agreement to distribute up to $50 million of common shares through an at-the-market equity program [8][10]. Smelting and Refining Initiatives - A memorandum of understanding was signed with Ajlan & Bros for establishing a platinum group metals smelter and base metal refinery in Saudi Arabia [11]. - The company is conducting a trade-off study to assess the feasibility of exporting PGM concentrate from South Africa to Saudi Arabia [20][22]. Market Outlook - The company is exploring new applications for PGMs in battery technologies through its initiative with Lion Battery Technologies [2][29]. - Despite recent global tariffs raising market uncertainties, platinum and palladium prices have been increasing due to strong demand and supply concerns [30][32]. Environmental, Social, and Governance (ESG) - The company received a BBB score in its fourth annual ESG disclosure report, indicating a commitment to improving ESG performance [33][34].

Metals Quarterly Q2 2025 Everything's "tariffic" Muddled outlook: Over the first several months of the year, the market has witnessed a range of views about metal prices – from optimism to pessimism to, perhaps, a new normal. One thing appears clear, however: uncertainty reigns. Tariffs have certainly taken center stage, and their potential impact will certainly play an important role in future policy actions, including change in direction of monetary policy. To stay on track for meeting its c5% GDP growth ...

Sibanye Stillwater (SBSW) H2 2024 Earnings Call February 21, 2025 02:00 AM ET Company Participants Neal Froneman - Outgoing CEORichard Stewart - CEO Designate and Chief Regional OfficerCharles Carter - Chief Regional Officer of AmericasGrant Stuart - Head of Recycling and Global OperationsMika Seitovirta - Chief Regional Officer - EuropeRobert van Niekerk - Chief Technical & Innovation OfficerCharl Keyter - CFO & Executive DirectorJames Wellsted - Executive Vice President of Investor Relations & Corporate A ...