Platinum Group Metals Ltd. announced that it has entered into an agreement with returning investor Hosken Consolidated Investments Limited to issue 2,118,645 common shares at an issue price of $1.18 each for gross proceeds of $2,500,001.1 on September 8, 2023. The Closing of the Private Placement is subject to customary closing conditions, including stock exchange approvals, regulatory approval and completion of the definitive agreement. All the securities purchased pursuant to the Private Placement may not be traded for a period of four months plus one day from the closing of the Private Placement.