NetworkNewsBreaks – Platinum Group Metals Ltd. (
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Posted On: 11/15/2024 3:26:37 PM
NetworkNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Marks Pivotal Step to Enhance Operational Capabilities, Secure Offtake Agreement
Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM), the operator and majority owner of the Waterberg Project, recently announced an important collaboration with Ajlan & Bros Mining and Metals Co. to explore establishing a standalone platinum group metals (“PGM”) smelter and base metals refinery (“BMR”) in Saudi Arabia. “This agreement, structured into three distinct phases, marks a pivotal step in the company’s strategy to enhance its operational capabilities and secure a stable offtake agreement for its Waterberg Project concentrate,” reads a recent article.
“The largest impediment to the development of the Waterberg Project to date has been the need to secure a concentrate offtake agreement amongst the existing South African based PGM smelters,” Platinum Group’s President and CEO, Frank Hallam, said of the partnership. “We are pleased to work together with Ajlan to explore a smelting and refining facility in Saudi Arabia as a strategic alternative that may create an exciting path forward.”
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://nnw.fm/PLG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM), the operator and majority owner of the Waterberg Project, recently announced an important collaboration with Ajlan & Bros Mining and Metals Co. to explore establishing a standalone platinum group metals (“PGM”) smelter and base metals refinery (“BMR”) in Saudi Arabia. “This agreement, structured into three distinct phases, marks a pivotal step in the company’s strategy to enhance its operational capabilities and secure a stable offtake agreement for its Waterberg Project concentrate,” reads a recent article.
“The largest impediment to the development of the Waterberg Project to date has been the need to secure a concentrate offtake agreement amongst the existing South African based PGM smelters,” Platinum Group’s President and CEO, Frank Hallam, said of the partnership. “We are pleased to work together with Ajlan to explore a smelting and refining facility in Saudi Arabia as a strategic alternative that may create an exciting path forward.”
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://nnw.fm/PLG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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