Platinum Group Metals Ltd. is a development-stage exploration and mining company focused on bringing the Waterberg Project, a platinum group metals resource in South Africa's Limpopo Province, toward commercial production. The company plans to extract a concentrate containing platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel, with potential offtake agreements governed by commercial negotiations with major industry players. The company is also a majority shareholder in Lion Battery Technologies, a venture developing battery cathode technology using platinum and palladium catalysts in partnership with Anglo American Platinum. Platinum Group Metals currently generates no revenue and depends on external financing to fund project development and advancement toward mining operations.