$PLG

PLATINUM GROUP METALS LTD

CIK:0001095052|SEC Filings

Consolidated Statements of Loss and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2025	Aug. 31, 2024
Expenses
General and administrative	$ 3,656	$ 3,422
Foreign exchange gain	(95)	(4)
Share of joint venture expenditures - Lion Battery	40	232
Stock based compensation expense	1,193	1,362
Operating expenses, total	4,794	5,012
Other Income
Other income	(275)	(436)
Loss for the year before income taxes	4,519	4,576
Deferred income tax expense	18	31
Net Loss	4,537	4,607
Items that may be subsequently reclassified to net loss: Currency translation adjustment	(173)	(2,622)
Comprehensive loss for the year	4,364	1,985
Net loss attributable to:
Shareholders of Platinum Group Metals Ltd.	4,537	4,607
Loss	4,537	4,607
Comprehensive loss attributable to:
Shareholders of Platinum Group Metals Ltd.	4,364	1,985
Comprehensive loss for the year	$ 4,364	$ 1,985
Basic loss per common share	$ 0.04	$ 0.05
Diluted loss per common share	$ 0.04	$ 0.05
Weighted average number of common shares outstanding: Basic	105,440,219	102,345,137
Weighted average number of common shares outstanding: Diluted	105,440,219	102,345,137

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2025	Aug. 31, 2024
OPERATING ACTIVITIES
Loss for the year	$ (4,537)	$ (4,607)
Add items not affecting cash / adjustments:
Depreciation	68	72
Unrealized foreign exchange gain	(133)	(24)
Deferred income tax expense	18	31
Stock based compensation expense	1,193	1,362
Interest from short-term investments	(159)	0
Share unit settlement	(154)	(107)
Share of joint venture expenditures	40	232
Directors' fees paid in deferred share units	187	183
Net change in non-cash working capital	104	319
Net cash flows from (used in) operating activities	(3,373)	(2,539)
FINANCING ACTIVITIES
Proceeds from issuance of equity	14,186	2,500
Equity issuance costs	(1,334)	(139)
Cash received from option exercises	91	0
Lease payments made	(87)	(88)
Cash received from Waterberg partners	473	465
Net cash flows from (used in) financing activities	13,329	2,738
INVESTING ACTIVITIES
Performance bonds	(94)	(63)
Acquisition of short-term investments	(15,700)	0
Disposal of short-term investments	4,650	0
Interest received from short-term investments	117	0
Investment in Lion	(40)	(232)
Expenditures incurred on Waterberg Project	(2,081)	(3,422)
Net cash flows from (used in) investing activities	(13,148)	(3,717)
Net decrease in cash	(3,192)	(3,518)
Effect of foreign exchange on cash	(92)	230
Cash, beginning of year	3,701	6,989
Cash, end of year	$ 417	$ 3,701

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Aug. 31, 2025	Aug. 31, 2024
Current
Cash and cash equivalents	$ 417	$ 3,701
Short-term investments	11,288	0
Amounts receivable	77	225
Prepaid expenses	273	303
Total current assets	12,055	4,229
Performance bonds and other assets	409	313
Mineral properties	49,223	47,029
Property, equipment and other	412	522
Total assets	62,099	52,093
Current
Accounts payable and accrued liabilities	784	905
Total current liabilities	784	905
Asset retirement obligation	78	83
Share based liabilities	1,584	1,092
Lease liability	202	263
Total liabilities	2,648	2,343
SHAREHOLDERS' EQUITY
Share capital	953,564	939,787
Contributed surplus	34,581	34,651
Accumulated other comprehensive loss	(167,492)	(167,690)
Deficit	(785,068)	(780,002)
Total shareholders' equity attributable to shareholders of Platinum Group Metals Ltd.	35,585	26,746
Non-controlling interest	23,866	23,004
Total shareholders' equity	59,451	49,750
Total liabilities and shareholders' equity	$ 62,099	$ 52,093