Platinum Group Metals advances tests as Platinum Group Metals stock sits at CAD 234.0 million
Published on 10/06/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Platinum Group Metals stock sits at a CAD 234.0 million market value while the company advances lithium-sulfur battery testing through its majority-owned Lion Battery Technologies subsidiary. On October 1, 2026, StockTitan reported that independent testing had validated Lion's electrode technology in prototype lithium-sulfur cells and that funding for the next development stage had been approved.
Battery tests move to prototypes
The October 1 release covered the completion of Lion's first independent testing and scale-up phase. Platinum Group Metals and Valterra Platinum approved the next program, which is designed to manufacture and test pouch-cell prototypes, optimize catalyst formulations and assess applications including drones.
FinanzNachrichten reported that platinum-group-metal catalysts improved capacity and rate capability compared with non-catalyzed cells, with palladium-rich formulations delivering the strongest overall performance. Lion was founded by Platinum Group Metals and Valterra Platinum in 2019, with ownership split at 52 percent and 48 percent, respectively.
Eight patents strengthen the option
The battery work adds a technology angle to Waterberg, Platinum Group Metals' bulk underground platinum-group-metals and base-metals project in South Africa. Lion holds exclusive rights to intellectual property developed through research with Florida International University, and eight related US patents have been granted.
The financial profile remains development-stage rather than production-led. MetalsCost reported a USD 3.84 million net loss and zero revenue for the six months ended February 28, 2026. That comparison matters because the battery program is an additional development option, while Waterberg still represents the company's main mining asset.
Tradegate quote remains dated
Platinum Group Metals was last at EUR 1.13 on Tradegate on October 5, 2026 at 7:27 p.m. CEST. The latest structured TSX quote showed CAD 1.83 at 4:00 p.m. ET on October 5, 2026, with a CAD 1.65 to CAD 5.46 52-week range and CAD 234.0 million market capitalization. Price source: substitute price Tradegate, Lang & Schwarz without data set.
Platinum Group Metals stock facts
- Company: Platinum Group Metals Ltd.
- ISIN: CA72765Q8829
- WKN: A2PAHQ
- Ticker: PTM
- Price substitute Tradegate (as of October 5, 2026, 7:27 p.m. CEST): EUR 1.13
- Market capitalization: CAD 234.0 million (as of October 5, 2026)
- Sector / Industry: Basic Materials / Other Precious Metals and Mining
