Platinum Group Metals Ltd. press release

InvestorNewsBreaks - Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Launches $50 Million At-the-Market Equity Program

2024-12-06

TSX - Toronto Stock Exchange · Platinum · Palladium · Rhodium · Gold · Copper · Nickel · Canada · Financing

InvestorNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Launches $50 Million At-the-Market Equity Program

Platinum Group Metals (NYSE American: PLG) (TSX: PTM)as entered into an equity distribution agreement with BMO Nesbitt Burns Inc., Beacon Securities Limited, and BMO Capital Markets Corp. to establish a new at-the-market equity program ("2024 ATM Program"). The program allows the company to sell up to $50 million in common shares through market-based transactions at prevailing prices, with proceeds designated for pre-construction site work and phase one development at the Waterberg Project, a Saudi Arabia smelter feasibility study, and general corporate purposes. The agreement is valid until December 2026 or until the $50 million cap is reached, with sales conducted under a prospectus supplement filed in Canada and the U.S.

To view the full press release, visit https://ibn.fm/Mdf5N

About Platinum Group Metals Ltd.

Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visitwww.PlatinumGroupMetals.net.

NOTE TO INVESTORS:The latest news and updates relating to PLG are available in the company’s newsroom athttps://ibn.fm/PLG

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