Gold Road Resources has thrown its support behind Northern Star’s proposed acquisition of De Grey Mining
April 16, 2025
Dr Xiong launches her LGD brand ‘PureVivid’ at the National Wedding Show, London
April 16, 2025PTM advances smelting study alongside Waterberg pre-build development
TSX- and NYSE-listed Platinum Group Metals (PTM) says its near-term objective remains advancing the Waterberg platinum group metals (PGM) project, in South Africa, to a development and construction decision. The company has been in financing and offtake discussions since the project’s definitive feasibility study (DFS) was updated in September last year.
The Waterberg project is planned as a fully mechanised, shallow, decline-access platinum, palladium, rhodium and gold mine. The mine will also produce copper and nickel as byproducts.
PTM, together with Anglo American Platinum and Florida International University, is advancing an initiative through Lion Battery Technologies using platinum and palladium in lithium battery technologies.
The Waterberg Joint Venture (JV) is owned 37.19% by PTM, 26% by Mnombo Wethu Consultants, 21.95% by HJ Platinum Metals Company and 14.86% by Impala Platinum Holdings. PTM holds a further 12.97% indirect interest in the JV through a 49.9% interest in Mnombo.
