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Platinum Group Metals Ltd. Signs Cooperation Agreement With Ajlan & Bros Mining and Metals Co. to Study a PGM Smelter and Base Metal Refinery in Saudi Arabia

Platinum Group Metals Ltd. Signs Cooperation Agreement With Ajlan & Bros Mining and Metals Co. to Study a PGM Smelter and Base Metal Refinery in Saudi Arabia

鉑金集團金屬有限公司與Ajlan & Bros Mining and Metals Co. 簽署合作協議,研究沙特阿拉伯的PGM冶煉廠和賤金屬精煉廠
newsfile ·  2023/12/21 06:00

Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - December 20, 2023) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") reports that it has entered into a Cooperation Agreement (the "Cooperation Agreement") with Ajlan & Bros Mining and Metals Co. ("Ajlan") to study the establishment of a stand-alone platinum group metals ("PGM") smelter and base metals refinery ("BMR") in Saudi Arabia. The Cooperation Agreement encompasses three phases: a global PGM concentrate market study (the "Market Study"), a Definitive Feasibility Study ("DFS") for the construction and operation of PGM smelter and BMR in Saudi Arabia, and an option to form an incorporated 50:50 joint venture following the completion of the DFS. The DFS will assume the export of PGM concentrate from the Waterberg Project in South Africa to a port facility in Saudi Arabia.

不列顛哥倫比亞省溫哥華和南非約翰內斯堡--(Newsfile Corp.-2023 年 12 月 20 日)- 鉑金集團金屬有限公司 (多倫多證券交易所股票代碼:PTM)(紐約證券交易所美國股票代碼:PLG)(”鉑金組“或者”公司“) 報告說它已簽訂合作協議(該”合作協議“) 與 Ajlan & Bros Mining and Metals Co.(”阿杰蘭“) 研究獨立鉑族金屬的建立 (”PGM“) 冶煉廠和基本金屬精煉廠 (”BMR“)在沙特阿拉伯。合作協議包括三個階段:全球PGM濃縮物市場研究(市場研究“),最終可行性研究 (”DFS“)用於在沙特阿拉伯建造和運營PGM冶煉廠和BMR,並可以選擇在DFS完成後組建一家以 50:50 的比例成立合資企業。DFS將假設PGM精礦從南非的沃特伯格項目出口到沙特阿拉伯的港口設施。

Platinum Group President and CEO Frank Hallam stated, "The largest impediment to the development of the Waterberg Project to date has been the need to secure a concentrate offtake agreement amongst the existing South African based PGM smelters. We are pleased to work together with Ajlan to explore a smelting and refining facility in Saudi Arabia as a strategic alternative that may create an exciting path forward. Saudi Arabia offers an attractive investment climate that includes highly competitive energy costs, a lower taxation rate, and significant government financing incentives. We look forward to working with Ajlan towards the establishment of a world class PGM mineral processing hub in Saudi Arabia and unlocking the potential of the Waterberg Project for all stakeholders, including host communities, the government of South Africa, and shareholders."

鉑金集團總裁兼首席執行官弗蘭克·哈勒姆表示:“迄今爲止,沃特伯格項目發展的最大障礙是需要在現有的南非PGM冶煉廠之間達成精礦收購協議。我們很高興與Ajlan合作,在沙特阿拉伯探索熔鍊和煉油設施,作爲戰略替代方案,可能會開闢一條令人興奮的前進道路。沙特阿拉伯提供有吸引力的投資環境,包括極具競爭力的能源成本、較低的稅率和重要的政府融資激勵措施。我們期待與Ajlan合作,在沙特阿拉伯建立世界一流的PGM礦物加工中心,併爲包括東道社區、南非政府和股東在內的所有利益相關者釋放沃特伯格項目的潛力。”

In order to minimize the risk of sourcing concentrate from only one project, and to attain scale, a Market Study to be conducted by a third party will be commissioned to identify potential global sources of PGM concentrate that could augment the processing of Waterberg Project concentrate. There are currently several PGM and base metal projects globally seeking offtake and beneficiation solutions.

爲了最大限度地降低僅從一個項目採購精礦的風險並實現規模,將委託第三方進行一項市場研究,以確定可能增強沃特伯格項目精礦加工能力的潛在全球PGM濃縮物來源。目前,全球有多個PGM和賤金屬項目在尋求收購和選礦解決方案。

Upon the completion of the Market Study, and assuming a favourable outcome, Ajlan and the Company may together commission a DFS for the construction of a PGM smelter and BMR to process Waterberg Project concentrate and other concentrate feed in Saudi Arabia at an estimated cost for the DFS of US$4.0 million. The scope for the DFS will encompass options related to infrastructure, location, technical specifications, capital, and operating costs. All expenses related to the DFS are to be split on a 50:50 basis between Platinum Group and Ajlan, including certain costs already incurred by Platinum Group in previous independent beneficiation studies.

市場研究完成後,假設結果良好,Ajlan和該公司可以共同委託DFS建造一座PGM冶煉廠,並委託BMR在沙特阿拉伯加工沃特伯格項目精礦和其他精礦飼料,估計DFS的成本爲400萬美元。DFS的範圍將包括與基礎設施、位置、技術規格、資本和運營成本相關的選項。與DFS相關的所有費用將在鉑金集團和Ajlan之間按 50:50 的比例分配,包括鉑金集團在先前的獨立選礦研究中已經產生的某些成本。

Upon completion of the DFS, Platinum Group and Ajlan will have the option to form an incorporated joint venture on a 50:50 basis, on terms to be mutually agreed, for the purpose of financing, constructing, and operating smelting and refining facilities as contemplated in the DFS. Saudi Arabia offers significant investment incentives and the new incorporated joint venture would apply for these incentives. Upon formation, the incorporated joint venture would then be in a position to offer concentrate offtake terms to Waterberg JV Resources (Pty) Limited, the owner and operator of the Waterberg Project.

DFS完成後,Platinum Group和Ajlan將可以選擇按照 50:50 的比例組建一家合資企業,條件尚待雙方商定,目的是按照DFS的設想融資、建造和運營冶煉和煉油設施。沙特阿拉伯提供重要的投資激勵措施,新成立的合資企業將申請這些激勵措施。成立後,註冊後的合資企業將能夠向沃特伯格項目的所有者和運營商沃特伯格合資資源(私人)有限公司提供精礦收購條款。

An initial tradeoff study has been completed to determine the viability of exporting PGM concentrate from South Africa to Saudi Arabia. Shipping costs are generally offset by lower energy costs and water costs. The facility would also benefit from existing infrastructure. A key requirement would be to secure a long-term permit from South Africa for the export of unrefined precious metals in concentrate. Platinum Group is working with the Government of South Africa to identify local beneficiation opportunities and to analyze the possible impact of exporting concentrate on the value chain.

初步的權衡研究已經完成,旨在確定從南非向沙特阿拉伯出口PGM精礦的可行性。運輸成本通常被較低的能源成本和水成本所抵消。該設施還將受益於現有基礎設施。一項關鍵要求是獲得南非的長期許可證,允許出口未精煉的精礦貴金屬。Platinum Group正在與南非政府合作,尋找當地的選礦機會,並分析出口精礦對價值鏈可能產生的影響。

The Company believes that construction and operation of the Waterberg Project mine represents a significant foreign direct investment into South Africa with benefits including the creation of over 1,300 direct jobs, infrastructure development, and foreign exchange earnings.

該公司認爲,沃特伯格項目礦山的建設和運營是對南非的重大外國直接投資,其好處包括創造1300多個直接就業機會、基礎設施發展和外匯收入。

Beacon Securities Ltd. acted as an advisor to Platinum Group in relation to the Ajlan Cooperation Agreement.

Beacon Securities Ltd.就Ajlan合作協議擔任鉑金集團的顧問。

About Ajlan & Bros Mining and Metals Co.

關於 Ajlan & Bros Mining and Metals Co.

Ajlan & Bros Mining and Metals Co. is a subsidiary of Ajlan & Bros Holding, a large, diversified holding company. Ajlan is actively seeking exploration and mining project investments to provide feedstock and partnership opportunities to build smelting, refining/and processing capacity and partnering with leading companies as financial investors in transition metals, precious and platinum group metals.

Ajlan & Bros Mining and Metals Co. 是大型多元化控股公司Ajlan & Bros Holding的子公司。Ajlan正在積極尋求勘探和採礦項目投資,以提供原料和合作機會,以建立冶煉、提煉/和加工能力,並與作爲過渡金屬、貴金屬和鉑族金屬財務投資者的領先公司合作。

About Platinum Group Metals Ltd. and Waterberg Project

關於鉑金集團金屬有限公司和沃特伯格項目

Platinum Group Metals Ltd. is the operator and majority owner of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being operated in joint-venture with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd., Japan Organization for Metals and Energy Security and Hanwa Co. Ltd.

鉑金集團金屬有限公司是沃特伯格項目的運營商和大股東,該項目是一個位於南非的大宗地下鈀金和鉑金礦牀。沃特伯格項目由鉑金集團發現,目前正與Impala Platinum Holdings Ltd.、Mnombo Wethu Consultants(私人)有限公司、日本金屬和能源安全組織以及漢和公司合資運營。有限公司

On behalf of the Board of
Platinum Group Metals Ltd.

代表董事會
鉑金集團金屬有限公司

Frank R. Hallam
President and CEO

弗蘭克·哈勒姆
總裁兼首席執行官

For further information contact:
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450

欲了解更多信息,請聯繫:
Kris Begic,企業發展副總裁
鉑金集團金屬有限公司,溫哥華
電話:(604) 899-5450 /免費電話:(866) 899-5450

Disclosure

披露

The Toronto Stock Exchange ("TSX") and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

多倫多證券交易所(“多倫多證券交易所”)和紐約證券交易所美國證券交易所尚未審查本新聞稿的準確性或充分性,也不承擔任何責任,該新聞稿由管理層編寫。

This press release may contain forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding obtaining favourable outcomes on the Market Study and DFS, the ability of the parties to agree on the terms of a joint venture for the smelting and refining facility, the Company receiving a long-term permit for the export of unrefined precious metals in concentrate, the potential benefit of Saudi Arabia, jobs development, and the advancement of the Company's objectives for the Waterberg Project. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct.

本新聞稿可能包含加拿大證券法所指的前瞻性信息以及美國證券法所指的前瞻性陳述(統稱爲 “前瞻性陳述”)。前瞻性陳述通常由諸如:相信、期望、預期、打算、估計、計劃、假設和類似的表述來識別,或者那些本質上是指未來事件的詞語。所有非歷史事實陳述的陳述均爲前瞻性陳述。本新聞稿中的前瞻性陳述包括但不限於有關在市場研究和DFS中獲得有利結果的聲明、雙方就熔鍊和精煉設施合資企業條款達成協議的能力、公司獲得出口未精煉精礦貴金屬的長期許可、沙特阿拉伯的潛在利益、就業發展以及推進公司沃特伯格項目目標的聲明。儘管公司認爲本新聞稿中的任何前瞻性陳述都是合理的,但它無法保證此類陳述中的預期和假設會被證明是正確的。

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements as a result of various factors, including the potential inability to obtain required regulatory approvals and satisfy other applicable closing conditions including possible adverse impacts; the Company's history of losses and negative cash flow; the Company's properties may not be brought into a state of commercial production; uncertainty of estimated production, development plans and cost estimates for the Waterberg Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, between actual and estimated metallurgical recoveries and between estimated and actual production; fluctuations in the relative values of the U.S. Dollar, the Rand, the Canadian Dollar and the Saudi Riyalr; volatility in metals prices; the uncertainty of alternative funding sources for Waterberg JV Resources (Pty) Ltd. ("Waterberg JV Co."); the Company may become subject to the U.S. Investment Company Act; the failure of the Company or the other shareholders to fund their pro rata share of funding obligations for the Waterberg Project; any disputes or disagreements with the other shareholders of Waterberg JV Co. or Mnombo Wethu Consultants (Pty) Ltd.; the ability of the Company to retain its key management employees and skilled and experienced personnel; conflicts of interest; litigation or other administrative proceedings brought against the Company; actual or alleged breaches of governance processes or instances of fraud, bribery or corruption; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada, South Africa and Saudi Arabia; equipment shortages and the ability of the Company to acquire necessary access rights and infrastructure for its mineral properties; environmental regulations and the ability to obtain and maintain necessary permits, including environmental authorizations and water use licences; extreme competition in the mineral exploration industry; delays in obtaining, or a failure to obtain, permits necessary for current or future operations or failures to comply with the terms of such permits; risks of doing business in South Africa, including but not limited to, labour, economic and political instability and potential changes to and failures to comply with legislation; the Company's common shares may be delisted from the NYSE American or the TSX if it cannot maintain compliance with the applicable listing requirements; and other risk factors described in the Company's most recent Form 40-F annual report, annual information form and other filings with the U.S Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and , respectively. Proposed changes in the mineral law in South Africa if implemented as proposed would have a material adverse effect on the Company's business and potential interest in projects. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether because of new information, future events or results or otherwise.

公司提醒投資者,公司的任何前瞻性陳述都不能保證未來的業績或業績,實際業績可能與前瞻性陳述中的業績存在重大差異,這要歸因於各種因素,包括可能的不利影響,包括可能的不利影響;公司的虧損歷史和負現金流;公司的財產可能無法進入商業生產狀態;不確定性沃特伯格項目的估計產量、開發計劃和成本估算;實際和估計的礦產儲量和礦產資源之間的差異、實際和估計的開發和運營成本之間的差異、實際和估計的冶金採收量之間以及估計和實際產量之間的差異;美元、蘭特、加元和沙特里亞爾相對價值的波動;金屬價格的波動;沃特伯格合資資源公司(Pty)替代資金來源的不確定性有限公司(“Waterberg JV Co.“);公司可能受到《美國投資公司法》的約束;公司或其他股東未能按比例爲沃特伯格項目融資義務提供資金;與沃特伯格合資公司或Mnombo Wethu Consultants(私人)有限公司其他股東的任何爭議或分歧;公司留住其主要管理人員以及熟練和經驗豐富的人員的能力;利益衝突;訴訟或對公司提起的其他行政訴訟;實際或涉嫌違反治理的行爲欺詐、賄賂或腐敗的過程或實例;勘探、開發和採礦風險以及採礦業固有的危險性質,以及保險不足或無法獲得保險以承保這些風險和其他風險和不確定性的風險;財產和礦產所有權風險,包括礦產索賠或財產所有權缺陷;加拿大、南非和沙特阿拉伯國家和地方政府立法、稅收、管制、法規和政治或經濟發展的變化;設備短缺和公司爲其礦產獲得必要准入權和基礎設施的能力;環境法規以及獲得和維持必要許可證的能力,包括環境許可和用水許可證;礦產勘探行業的激烈競爭;延遲獲得或未能獲得當前或未來運營所需的許可證或未能遵守此類許可證的條款;在南非開展業務的風險,包括但不限於勞動、經濟和政治風險不穩定性以及立法可能發生的變化和不遵守情況;如果公司無法維持對適用的上市要求的遵守,則其普通股可能會從紐約證券交易所或多倫多證券交易所退市;以及公司向美國證券交易委員會和加拿大證券監管機構提交的最新40-F表年度報告、年度信息表和其他文件中描述的其他風險因素,這些文件可分別在www.sec.gov和上查看。南非礦產法的擬議修改如果按提議實施,將對公司的業務和對項目的潛在利益產生重大不利影響。任何前瞻性陳述僅代表其發表之日,除非適用的證券法另有要求,否則公司不打算或沒有義務更新任何前瞻性陳述,無論是由於新信息、未來事件或業績還是其他原因。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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