Platinum Group Metals Ltd. announced on December 5, 2024, it has entered into a new equity distribution agreement for an at-the-market (ATM) equity program. This program allows the company to distribute up to US$50.0 million of common shares.
The shares will be issued to the public from time to time through agents at prevailing market prices. The 2024 ATM Program is set to terminate by December 13, 2026, or once the aggregate gross sales proceeds reach the maximum amount.
Net proceeds from sales under the ATM program are designated for Waterberg Project pre-construction site work, engineering, potential phase one development, a Saudi Arabia smelter and base metal refinery definitive feasibility study, contingency, and general corporate expenses.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.