6-K - Platinum Group Metals Ltd. | StockGist

AI Analysis

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Platinum Group Metals Ltd. entered into a Distribution Agreement effective March 10, 2026, with BMO Nesbitt Burns Inc., Beacon Securities Limited, and BMO Capital Markets Corp. to distribute up to US$60.0 million of common shares under the 2026 ATM Program at prevailing market prices. Net proceeds are anticipated for staged development at the Waterberg Project and general corporate purposes over 24 months.

Key Takeaways

1Entered Distribution Agreement effective March 10, 2026 with BMO Nesbitt Burns Inc., Beacon Securities Limited (Canadian Agents), and BMO Capital Markets Corp. (U.S. Agent)

22026 ATM Program allows distribution of up to US$60.0 million of common shares at prevailing market prices

3Previous 2024 ATM Program completed in full as of January 2026

4Proceeds for Waterberg Project staged development and general corporate purposes over 24 months

5Program terminates upon December 13, 2026 or reaching US$60.0 million gross proceeds

6Sales through TSX, NYSE American, or other agreed markets; no obligation to sell shares

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Transaction Details

Material Agreement

Agreement: Distribution Agreement
Parties: Platinum Group Metals Ltd., BMO Nesbitt Burns Inc., Beacon Securities Limited, BMO Capital Markets Corp.

•Effective March 10, 2026
•Allows distribution of up to US$60.0 million of common shares under 2026 ATM Program
•Sales at prevailing market price through Agents on TSX, NYSE American or other markets
•Net proceeds for Waterberg Project staged development and general corporate purposes over 24 months
•Terminates on December 13, 2026 or upon reaching US$60.0 million gross proceeds
•No obligation to make sales

Exhibits (2)

6-K

FORM 6-K

99.1

EXHIBIT 99.1