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Platinum Group Metals Ltd T.PTM

Alternate Symbol(s):  PLG

Metals & Mining Industrial Metals & Minerals
Platinum Group Metals Ltd. is a Canada-based platinum and palladium focused exploration and development company. The Company is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project is located on the Northern Limb of the Bushveld Igneous Complex, approximately 85 kilometers (km) north of the town of Mokopane. The Waterberg Project covers an area of approximately 29,161 hectares (ha) consisting of the Waterberg Mining Right, one active prospecting right, and one application for the incorporation of two adjacent farms into the Waterberg Mining Right. Of the total project area, 20,482 ha are covered by the Waterberg Mining Right. Waterberg is a joint venture between the Company, Impala Platinum Holdings Ltd., HJ Platinum, which consists of JOGMEC (Japan Oil, Gas and Metals National Corporation) and Hanwa Co. and Black Economic Empowerment (BEE) partner Mnombo Wethu Consultants (Pty) Ltd.


TSX:PTM - Post by User

Platinum Group Metals Ltd
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Post by greener12345on Apr 26, 2010 1:41pm
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Post# 17031634

bullish for PGM prices

bullish for PGM prices

ETF Securities Files to Expand Platinum ETF
By Olivier Ludwig | April 26, 2010 12:12 pm

Related ETFs: PALL / PPLT
ETF Securities, the money-management firm that has made a name for itself as a purveyor of precious metals ETFs, filed with the Securities and Exchange Commission to expand the number of shares of its platinum ETF available for trading to meet strong demand.

The new filing will expand the number of shares of the ETFS Physical Platinum Shares ETF (NYSE Arca: PPLT) to 7.82 million shares, compared with 4.78 million originally. The filing, dated April 23, details 6.44 million shares, which includes 1.38 million already registered with the SEC but remain unsold.

The platinum ETF as well as the company’s Physical Palladium Shares ETF (NYSE Arca: PALL) have been greeted with investor enthusiasm since both were launched in January. PPLT has hauled in about $564 million in assets while PALL has gather $317 million.

Precious metals are in a bull market amid strong demand, particularly from Asia. PPLT has risen almost 10 percent since it was rolled out. The company has major office in New York and London.
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