• The platinum market recorded a deficit of approximately 992,000 ounces in 2024 and is forecast to remain in substantial undersupply through 2025.
• This tightening supply-demand balance has prompted a sharp rally in platinum prices.
• Platinum Group Metals Ltd. is working to address a portion of the world’s platinum need.

The platinum market is entering its third straight year of major structural supply deficits—a situation that is adding both pressure and opportunity for players such as Platinum Group Metals (NYSE American: PLG) (TSX: PTM), a development-stage mining company focused on its flagship Waterberg project in South Africa to help unlock new platinum supply while exploring innovative industrial applications for platinum and palladium.

According to the World Platinum Investment Council, the platinum market recorded a deficit of approximately 992,000 ounces in 2024 and is forecast to remain in substantial undersupply through 2025, with deficits estimated at 966,000 ounces for this year (https://ibn.fm/VOZDI). These supply gaps are…

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NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

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This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Advances Waterberg Project Amid Third Straight Year of Platinum Deficits.