South Africa’s Department of Mineral Resources (DMR) has approved the transfer of all TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) Waterberg prospecting rights to a dedicated joint venture (JV) corporation, Waterberg JV Resources. Platinum Group Metals RSA, which is 100% owned by PTM, holds a 45.65% direct interest in the Waterberg project, which is located in the northern limb of the Bushveld Complex. The Japan Oil, Gas and Metals National Corporation (Jogmec) holds a 28.35% direct interest in the project and black economic empowerment partner Mnombo Wethu Consultants a direct 26% interest.
