Platinum Group Metals Ltd. reported its financial results for the three months ended November 30, 2024, on January 14, 2025. The company incurred a net loss of $1.84 million, an increase from the $1.56 million net loss reported in the comparable period ended November 30, 2023.
General and administrative expenses for the quarter were higher at $1.24 million, compared to $1.09 million in the prior year's first quarter. Stock-based compensation also increased to $0.72 million from $0.46 million, primarily due to the revaluation of outstanding deferred share units.
Basic and diluted loss per share remained at $0.02 for both the current and comparable periods. Total expenditures on the Waterberg Project, before partner reimbursements, were approximately $0.61 million for the quarter, a decrease from $1.0 million in the prior year.
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