Platinum Group Metals Receives Funding

Mining Weekly reported Platinum Group Metals (TSX:PTM,NYSE:PLG) said its loan for the Western Bushveld joint venture project 1 platinum mine is almost complete.

As quoted in the market news:

The company said in a statement that final modelling of cost overrun coverage and working capital in satisfaction of lender requirements was in process.

PTM also reported that its technical team had adjudicated smelter offtake tenders for the planned concentrate from WBJV Project 1, triggering the 60-day first right of refusal held by former joint-venture partner Anglo Platinum.

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