Hosken Consolidated Investments Limited, a 10% Holder, acquired 3,539,823 Common Shares on an indirect ownership basis for registered holder Deepkloof Limited at a price of US$1.695 through a private transaction on February 11th, 2022. This represents a $7,621,200 investment into the company's shares and an account share holdings change of 16.6%.
Platinum Group Metals is in the Non-Gold Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.
Platinum Group Metals Ltd. is a mining company that is focused on the production of platinum and palladium. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa. It operates the Waterberg Project, a bulk underground palladium and platinum deposit, which is located in South Africa on the Northern Limb of the Bushveld Complex. The Waterberg Project consists of granted prospecting rights and the Waterberg Mining Right with a combined active project area of approximately 79,188 hectares, located on the Northern Limb of the Bushveld Complex and approximately 85 kilometers north of the town of Mokopane. Of the total project area, approximately 20,532 hectares are covered by the Waterberg Mining Right. A further 58,655 hectares are covered by prospecting rights. The Waterberg Project comprises the former Waterberg joint venture property and the Waterberg extension property. Platinum Group Metals Limited (PTM) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $7,621,200.
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