Platinum Group Metals Advances Waterberg Project Amid Historic Platinum Price Rally

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is strategically positioned to capitalize on a historic surge in platinum prices, which have risen more than 40% in 2025 amid global supply constraints and growing industrial and investor demand. The company's flagship Waterberg project in South Africa is advancing production of platinum, palladium, rhodium, gold, copper, and nickel to meet rising needs across multiple critical industries.

Supply disruptions in South Africa, including persistent power outages and refinery maintenance issues, have contributed to significant output declines across the platinum group metals sector. This tightening of supply coincides with intensifying demand from automotive manufacturers, hydrogen fuel cell developers, aerospace companies, and defense contractors. The convergence of these factors has created a favorable market environment for producers with advanced development projects.

The Waterberg project represents a bulk underground palladium and platinum deposit discovered by Platinum Group Metals and is being jointly developed with partners Implats, Mnombo, and HJM. By focusing on mechanized, low-cost, and sustainable operations, the company aims to establish a reliable source of critical metals while positioning itself for long-term growth. The project's development strategy emphasizes operational efficiency and environmental responsibility in response to evolving global supply and demand dynamics.

Platinum's price rally reflects broader market trends affecting the entire platinum group metals complex. Palladium and rhodium have also experienced significant price appreciation due to their essential roles in automotive catalytic converters and emerging clean energy technologies. The growing adoption of hydrogen fuel cells represents a particularly promising demand driver, as platinum serves as a critical catalyst in fuel cell systems.

The company's progress at Waterberg comes at a crucial time for global supply chains, where reliability and sustainability are becoming increasingly important considerations for industrial consumers. More information about the company's developments is available at https://www.PlatinumGroupMetals.net. Additional news and updates relating to PLG are accessible through the company's newsroom at https://ibn.fm/PLG.

This strategic positioning allows Platinum Group Metals to potentially benefit from sustained price momentum while contributing to the stabilization of global platinum group metals supply. The company's focus on advancing the Waterberg project during this period of market tightness demonstrates its commitment to meeting industrial demand while navigating the complex operational challenges present in South Africa's mining sector. The successful development of Waterberg could have significant implications for global supply security of these critical metals.