PTM shifts focus to Waterberg project, debts

TSX-listed Platinum Group Metals (PTM) on Thursday said its main focus in the year ahead would be on advancing its large-scale, bulk minable Waterberg project, in South Africa, after agreeing to sell its position in the Maseve mine to Royal Bafokeng Platinum. The miner said it would also focus on repaying its secured lenders, using the $74-million proceeds from the sale. This would leave the company with $104-million in debt.