Platinum Group Metals
Develops Waterberg and researches platinum- and palladium-enabled battery components.
Something off on this page? Send us feedback.
Profile
Develops Waterberg, a South African underground deposit planned to produce PGM-bearing concentrate for sale through future processing and offtake arrangements. It is a pre-revenue, partnership-led project developer whose Waterberg progress depends on financing, joint-venture approvals, permitting and concentrate-processing agreements.
Advances the Waterberg Project, an underground platinum-group-metals and base-metals deposit on South Africa's Bushveld Complex. The planned output is a PGM-bearing flotation concentrate containing potentially payable platinum, palladium, rhodium, gold, ruthenium, iridium, copper and nickel, intended for sale through a future offtake and refining arrangement. The project remains pre-production, so no operating revenue or product sales are recorded.
Operates Waterberg through its South African subsidiary and joint venture, which shares project governance with Mnombo Wethu, HJ Platinum Metals and Implats. Vancouver staff coordinate technical development, permitting, pre-construction work, financing and partner cash calls, while contractors support on-the-ground work. Lion Battery Technologies separately funds research into platinum- and palladium-enabled lithium battery components. Waterberg still requires construction financing, agreed concentrate-processing terms, land access and water approvals.
Company facts
Key statistics
Year to date −36.1% · Average volume (30d) 1.1M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 15, 2026Q3 FY26 | −$0.01 | −$0.01 | −40.8% | — | — | — | −3.85% |
| Apr 10, 2026Q2 FY26 | −$0.01 | −$0.02 | −181.7% | — | — | — | +4.95% |
| Jan 14, 2026Q1 FY26 | $0.00 | −$0.02 | — | — | — | — | +1.08% |
| Nov 26, 2025Q4 FY25 | $0.00 | −$0.01 | — | — | — | — | +13.43% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | $0 | $0 | $0 | −$17.0K | $0 | $0 | |
| Operating income | −$497.0K | −$1.1M | −$1.3M | −$2.2M | −$1.7M | $512.0K | |
| Net income | −$411.0K | −$1.2M | −$1.1M | −$1.8M | −$2.0M | $955.0K | |
| Diluted EPS | −$0.00 | −$0.01 | −$0.01 | −$0.02 | −$0.02 | $0.01 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY24 $0 · FY25 $0
Balance sheet, May 31, 2026Cash & short-term investments $44.7M · Total debt $151.0K · Total assets $101.1M · Shareholders' equity $73.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 127.89M · Float 99.47M · 77.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Kopernik Global Investors, LLC | 7.43M | 5.86% | 13G | May 14, 2026 |
| David B. Iben | 7.07M | 6.90% | 13G | Nov 4, 2024 |
| Franklin Resources Inc | 5.11M | 4.00% | 13F | May 13, 2026 |
| Marshall Wace, LLP | 2.37M | 1.85% | 13F | May 15, 2026 |
| Two Sigma Investments, LP | 1.99M | 1.55% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Sibanye Stillwater (ADR)
Integrated South African PGM producer and refining alternative.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Platinum Group Metals | $1.51 | +1.23% | $191.8M | — | — | — | — |
| Sibanye Stillwater (ADR) | $12.06 | −0.33% | $8.56B | — | — | 1.1 | +55.9% |
| Median | — | — | 1.1 | +55.9% |