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
Entered Distribution Agreement effective March 10, 2026 with BMO Nesbitt Burns Inc., Beacon Securities Limited (Canadian Agents), and BMO Capital Markets Corp. (U.S. Agent)
2026 ATM Program allows distribution of up to US$60.0 million of common shares at prevailing market prices
Previous 2024 ATM Program completed in full as of January 2026
Proceeds for Waterberg Project staged development and general corporate purposes over 24 months
Program terminates upon December 13, 2026 or reaching US$60.0 million gross proceeds
Sales through TSX, NYSE American, or other agreed markets; no obligation to sell shares