Platinum Group Metals Announces Private Placement with HCI

Platinum Group Metals ( (TSE:PTM) ) has issued an update.

On May 12, 2025, Platinum Group Metals Ltd. announced a non-brokered private placement to sell 800,000 common shares at $1.26 each to Hosken Consolidated Investments Limited, raising $1,008,000. The proceeds will fund pre-construction work on the Waterberg Project and general corporate purposes. This transaction, priced at a 3.1% premium to recent trading prices, will restore HCI’s 26% interest in the company, subject to regulatory approvals and customary conditions.

Spark’s Take on TSE:PTM Stock

According to Spark, TipRanks’ AI Analyst, TSE:PTM is a Underperform.

Platinum Group Metals is currently struggling with significant financial issues, including no revenue and negative cash flow, which are critical concerns for investors. Technical indicators suggest bearish momentum, and valuation metrics offer little appeal. However, recent corporate events such as progress on the Waterberg Project and strong shareholder support provide some positive sentiment, indicating potential for future growth and stakeholder confidence. Overall, the stock score reflects significant financial instability and operational difficulties that require resolution for future viability.

To see Spark’s full report on TSE:PTM stock, click here.

More about Platinum Group Metals

Platinum Group Metals Ltd. operates in the mining industry, focusing on the development and production of platinum, palladium, rhodium, and gold. The company is the majority owner and operator of the Waterberg Project, a significant underground deposit in South Africa, developed in collaboration with partners like Impala Platinum Holdings Ltd. and HJ Platinum Metals Company.

YTD Price Performance: -11.22%

Average Trading Volume: 38,804

Technical Sentiment Signal: Sell

Current Market Cap: C$181.7M

For an in-depth examination of PTM stock, go to TipRanks’ Stock Analysis page.