Platinum Group Metals Announces Diversified Japanese Trading Company Hanwa to Join Waterberg Joint Venture

Platinum Group Metals (TSX:PTM) (NYSE American:PLG) (“Platinum Group” or the “Company”) is pleased to announce that on March 8, 2018, Japan Oil, Gas and Metals National Corporation (“JOGMEC”) and Hanwa  (“Hanwa”) signed a memorandum of understanding to transfer part of JOGMEC’s interest in the Waterberg Palladium, Platinum, Gold, Rhodium (“PGM”) and Copper, Nickel Project, located in the Bushveld Complex of the Republic of South Africa.

The agreement is based on the result of a public tender held on February 23, 2018. The winner of the bidding was Hanwa, and JOGMEC will now start negotiation on the terms of the transfer with Hanwa.

With a successful negotiation, Hanwa will secure the right to a supply of refined platinum group metals for exhaust emission catalytic converters, fuel cells for cars, and nickel and other metals for rechargeable batteries.

Click here to read the full text release.

Get the Latest Platinum Investing Stock Information

Get the latest information about companies associated with Platinum Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply