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Platinum Group Metals Ltd. and JOGMEC Confirm Objective to Advance Waterberg Project
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - May 12, 2022) - ...
About this update from Platinum Group Metals Ltd.
[{"type":"text","content":"Platinum Group Metals Ltd. and JOGMEC Confirm Objective to Advance Waterberg ProjectVancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - May 12, 2022) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (\"Platinum Group\", \"PTM\" or the \"Company\") reports that the Company and Japan Oil, Gas and Metals National Corporation (\"JOGMEC\") have signed a formal Memorandum of Understanding (\"MOU\") acknowledging a consensus to accelerate financing opportunities for the Waterberg Project. Hanwa Co., Ltd. (\"Hanwa\") was a witness to the MOU.During a meeting held on the sidelines of the African Mining Indaba in Cape Town on May 10, 2022, representatives of JOGMEC and Platinum Group discussed finance and development plans for the Waterberg Project. Following the meeting, both parties signed the MOU acknowledging their discussion. Furthermore, JOGMEC expressed its intention to maintain JOGMEC's interests in the Waterberg Project and to support funding contributions for project development to the extent possible. Platinum Group President and CEO Frank Hallam stated, \"We are honored and encouraged by the declaration of support from our Japanese partners. The current geopolitical situation has reinforced the importance of establishing a secure and ethically sourced supply of platinum and palladium for Japanese and global industry. We look forward to working closely with JOGMEC and Hanwa over the coming months to secure and finalize a funding package for the Waterberg Project.\"About Platinum Group Metals Ltd. and the Waterberg ProjectPlatinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered in 2011 and is being jointly developed by the Company, JOGMEC, Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd. (\"Mnombo\"), and Hanwa.On behalf of the Board of Platinum Group Metals Ltd. Frank R. HallamPresident, CEO and DirectorFor further information contact: Kris Begic, VP, Corporate Development Platinum Group Metals Ltd., Vancouver Tel: (604) 899-5450 / Toll Free: (866) 899-5450 www.platinumgroupmetals.net Disclosure The TSX and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by...