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Palladium hopeful gains breathing space

Platinum Group Metals (TSX: PTM) has gained some financial breathing space, raising millions and reducing debt, as it continues to aim for a definitive feasibility study for its Waterberg palladium and platinum joint venture in South Africa.

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Platinum Group Metals is “advancing the next great palladium mine” at Waterberg in South Africa

The company said it had gained US$10.4 million in a bought deal financing, raised $19.2 million in two placements and agreed a $20 million credit facility with Sprott Private Resource Lending II.