On November 30, 2020, Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group") completed an "at-the-market" offering of common shares first announced on September 4, 2020. The offering was completed pursuant to an Equity Distribution Agreement with BMO Capital Markets Corp. ("BMO").

Under the agreement, Platinum Group sold 5,440,186 common shares in the capital of the company at an average price of US$2.21 for gross proceeds of US$12 million. No offers or sales of common shares were made in Canada, to anyone known by BMO to be a resident of Canada or on or through the facilities of the Toronto Stock Exchange or other trading markets in Canada.

Platinum Group is the operator and majority owner of the Waterberg Project, a bulk underground palladium, platinum, gold and rhodium deposit located in South Africa.

Gowling WLG advised Platinum Group with respect to this offering with a team that included Daniel Allen, Brett Kagetsu, Brent Kerr, Jill Dunn, Martin Palleson, Ethan Chang and James Stewart.