Toronto- and New York-listed Platinum Group Metals this week reported that Implats had given formal notice that, owing to unprecedented events brought about by the Covid-19 pandemic, it would not be exercising its purchase and earn option into a 50.01% interest in the Waterberg platinum project. Platinum Group Metals stated in a media release that the unprecedented events had necessitated Implats to re-evaluate the impact of the increased economic uncertainty on its strategy and risk appetite and that the withdrawal decision had been taken notwithstanding the positive progress achieved to date, as well as the strategic alignment between the Waterberg asset and the portfolio objectives of Implats.
