Platinum Group Metals Advances Waterberg Project, Poised to Meet Growing PGM Demand

Platinum Group Metals Ltd. is advancing the development of its Waterberg Project in South Africa, a large-scale platinum group metals (PGM) mine expected to be among the world's most extensive and cost-effective underground operations. The recently completed definitive feasibility study reveals significant potential for long-term metal production and economic impact.

The project is projected to achieve steady-state annual production of 353,208 ounces of platinum, palladium, rhodium, and gold, along with substantial copper and nickel by-products. With a projected 54-year mine life, the Waterberg Project represents a substantial and stable resource in the global metals market.

Located in the Bushveld Complex, the project's unique geological characteristics include thick, shallow ore bodies that enable safer and more efficient mining techniques. This strategic advantage positions the mine to potentially become a key supplier in sectors experiencing rapidly increasing demand for PGMs, including automotive manufacturing, electronics, and clean energy technologies.

The project's development comes at a critical time when global industries are seeking reliable, long-term sources of critical metals essential for technological innovation and sustainable development. By providing a robust and extensive metal supply, Platinum Group Metals is strategically addressing emerging market needs and potential supply constraints.