PLATINUM GROUP METALS LTD

Platinum Group Metals Ltd. reported a significant increase in cash and cash equivalents to $44.68 million for the nine-month period ended May 31, 2026, up from $0.42 million. This was primarily driven by $38.8 million in gross proceeds from equity issuances through at-the-market offerings. The company's net loss decreased to $2.88 million, while total assets rose to $101.11 million. Implats' interest in the Waterberg Project diluted to 14.63% due to non-funding, and a legal challenge to the Waterberg Mining Right is ongoing.

Platinum Group Metals Ltd. filed an Amendment No. 1 to its Report of Foreign Private Issuer on Form 6-K. The purpose of this amendment is to remove the first paragraph of the Exhibit Index from the original Form 6-K, which had incorporated by reference a "Share Compensation Plan, Amended and Restated, dated May 28, 2026" into the company's Registration Statement on Form F-10. This amendment does not modify any other information contained in the original filing.

Platinum Group Metals Ltd. has amended and restated its Share Compensation Plan, effective May 28, 2026. The plan's purpose is to align the interests of eligible persons with the company's success, encourage stock ownership, and provide compensation to attract, retain, and motivate employees and consultants. The plan outlines limits on the total number of shares reserved, shares issuable to individuals and insiders, and specific grant value limits for non-employee directors.