PTM says market remains strong while it awaits Waterberg mining right grant

TSX- and NYSE-listed Platinum Group Metals (PTM) has reiterated that it expects the South African Department of Mineral Resources and Energy to grant its Waterberg platinum/palladium joint venture (JV) project a mining right during June, as lockdown measures start to ease in the country.

PTM president Michael Jones on May 15 presented an update on the project’s development, which is currently being led by JV partner, platinum miner Impala Platinum (Implats).