Platinum Group Metals (TSE:PTM) has released an update.
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Platinum Group Metals Ltd. has entered into an equity distribution agreement with BMO Nesbitt Burns Inc., Beacon Securities Limited, and BMO Capital Markets Corp. for the issuance and sale of common shares worth up to $50 million. The company has also filed the necessary documents with Canadian and U.S. regulatory authorities to facilitate this offering. This move is part of their broader strategy to raise up to $250 million through various securities offerings.
For further insights into TSE:PTM stock, check out TipRanks’ Stock Analysis page.