Platinum Group Metals Ltd. PLG Archives - Page 4 of 4

MondayOct 28, 2024 9:45 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Eyeing Response to U.S. Recommendation to Impose Sanctions on Russian Titanium, Palladium

The Biden administration aims to weaken Russia’s financial stability through sanctions, limiting its ability to sustain its war efforts in Ukraine. Imposing sanctions on Russian titanium and palladium would create several strategic advantages for the U.S. Sanctions on Russian palladium and titanium could be especially advantageous for existing producers and emerging palladium mining projects outside of Russia. The United States recently called on its Group of Seven (“G7”) allies to consider imposing sanctions on Russian titanium and palladium supplies, a move that, if approved, could have a profound impact on global metals markets as well as on Russia’s economy (https://ibn.fm/Q9sHS).…

MondayOct 21, 2024 1:34 pm

QualityStocksNewsBreaks – Platinum Group Metals Ltd.’s (NYSE American: PLG) (TSX: PTM) Lion Battery Accelerating Development of Next-Gen Technology

Platinum Group Metals (NYSE American: PLG) (TSX: PTM), through its subsidiary Lion Battery, is working to strengthen its foothold in the lithium-sulfur space. With new technologies being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability, lithium-sulfur batteries could offer advantages. “Lion Battery was jointly formed in 2019 by Platinum Group and Anglo American Platinum to accelerate the development of next-generation battery technology using platinum and palladium. Since inception, the Lion team has focused on the development of proprietary lithium-sulfur technology and enhancing the performance of existing commercial lithium-ion chemistries. Lion has a sponsored research…

ThursdayOct 17, 2024 9:00 am

Saudi Arabia’s Mining Sector Set for Major Leap: Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) Targets New Growth with PGM Smelter Deal

Saudi Arabia aims to increase its mining sector's contribution to the economy from $17 billion today to $75 billion by 2035, as part of its Vision 2030 initiative. Platinum Group Metals Ltd. has entered a cooperation agreement with Ajlan & Bros Mining and Metals Co. to explore the establishment of a platinum group metals smelter and base metals refinery in Saudi Arabia. The agreement includes a global market study, a definitive feasibility study and the potential formation of a 50:50 joint venture for project development. A new, potentially enormous force is sweeping the mining industry. Gulf countries, desperate to diversify…

WednesdayOct 02, 2024 9:00 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Ideally Positioned as Hybrid-Fueled Surge in PGM Demand Creates Key Opportunity

Reuters reports that “a surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals.” While the global supply of platinum and palladium has been relatively stable, the increase in demand from the automotive sector is expected to create supply pressures. Platinum Group Metals Ltd., a prominent player in the PGM space, is well positioned to capitalize on this trend. The automotive industry’s shift toward hybrid and electric vehicles (“EVs”) is reshaping numerous sectors, including the precious metals market. A recent Reuters article highlights how this transition…

TuesdaySep 24, 2024 9:00 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Subsidiary Positioned in Lithium-Sulfur Battery Space

New battery technologies are being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability. Lithium-sulfur batteries could offer advantages over lithium-ion batteries, including increased range and storage capacity. Companies working in this space include Lion Battery Technologies Inc. founded by Platinum Group Metals Ltd. and Anglo American Platinum Limited. The battery of choice these days, relied on to power everything from digital devices to electric vehicles and even energy-storage systems, is the lithium-ion battery. However, lithium-ion technology has its drawbacks; consequently, other battery solutions are being developed, including lithium sulfur. Through its subsidiary Lion Battery,…

ThursdayAug 29, 2024 9:45 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Positions Itself in Key PGM Space

Platinum group metals (“PGMs”) are a special selection of six critical metals—platinum, palladium, rhodium, osmium, iridium and ruthenium—that are essential for a sustainable future Most PGMs are being mined from a single area in South Africa The Waterberg Project, operated by Platinum Group Metals, is projected to be one of the largest and lowest-cost PGM mines globally Platinum Group Metals (NYSE American: PLG) (TSX: PTM), a company that operates the Waterberg PGM Project in South Africa, is strengthening its foothold in a niche sector of mining: platinum group metals (“PGMs”). The company’s primary business objective is to advance the Waterberg Project…

FridayAug 23, 2024 3:00 pm

QualityStocksNewsBreaks – Why Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Is ‘One to Watch’

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is the operator of the Waterberg Project, a bulk underground platinum group metals (“PGM”) deposit discovered by Platinum Group in 2011 and located on the Northern Limb of the Bushveld Complex in South Africa. “The Waterberg Project is planned as a fully mechanized platinum, palladium, rhodium and gold mine, including by-product copper and nickel production, and is projected to be one of the largest and lowest cost PGM mines globally,” reads a recent article. “The company’s primary business objective is to advance the Waterberg Project to a development and construction decision.…

FridayAug 16, 2024 10:30 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Is ‘One to Watch’

Operator of flagship Waterberg PGM Project located in South Africa, which is home to 70% of platinum and 35% of palladium global mine production in 2023 Over $89M invested to date in exploration and feasibility engineering since initial discovery in 2011 The Waterberg Project has proven and estimated reserves of 19.5 million ounces of PGMs and gold with a projected production life of 45 years Partnered with major integrated PGM producer Impala Platinum Holdings Ltd. and Japanese consortium HJ Platinum, which includes trading house Hanwa Co. and the government-backed Japan Organization for Metals and Energy Security A 2019 Definitive Feasibility…

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