Eastern Platinum Limited Reports Results for the Third Quarter of 2021
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2021. Below is a summary of the Company's financial results for the third quarter of 2021 ("Q3 2021") and for the nine months ended September 30, 2021 ("YTD Q3...
2021-11-11 1:45 AM EST
Eastern Platinum Limited Announces Commissioning of the PGM Main Plant and Further Development Plan
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report the successful commissioning of the PGM main plant circuit B ("PGM Main Circuit B") following completion of the refurbishment and upgrade work commenced since May of this year (See news release of March 24, 2021). Construction and pre-commissioning were completed in September and commercial production of PGM concentrates started...
2021-10-29 2:45 AM EDT
Eastern Platinum Limited Reports Results for the Second Quarter of 2021
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements and management's discussion and analysis for the three months and six months ended June 30, 2021. Below is a summary of the Company's financial results for the second quarter of 2021 and year-to-date 2021 (all amounts in USD unless specified) in comparison...
2021-08-13 2:45 AM EDT
Eastern Platinum Limited Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") announces that it has granted 1,420,000 stock options to directors, officers, and employees of the Company that vest in 90 days. The options were granted for a term of five years and expire on June 23, 2026. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.34.About Eastern Platinum LimitedEastplats...
2021-06-25 2:45 AM EDT
Eastern Platinum Limited Announces Settlement of Legal Disputes
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") announces that it, along with Eastplats Acquisition Co. Ltd and Eastern Platinum Holdings Limited, has agreed with the defendants and certain other parties to settle and dismiss the outstanding lawsuits filed in the British Columbia Supreme Court Action No. S-186503 and Action No. S-179666 and to settle certain related disputes. Details concerning these...
2021-06-21 2:45 AM EDT
Eastplats Announces Voting Results of the Annual General Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to announce that all of the nominees proposed as directors and listed in the management information circular dated April 30, 2021 (the "Circular") were elected as directors of Eastplats at its annual general meeting of shareholders held on June 17, 2021 (the "Meeting"). At the Meeting, PricewaterhouseCoopers LLP were also re-appointed as...
2021-06-18 2:45 AM EDT
Eastern Platinum Succeeds in Upholding Appeals Court Decision as Supreme Court of Canada Refuses to Hear Appeal
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to announce that the Supreme Court of Canada has declined to hear the appeal sought by 2538520 Ontario Limited (253) of the decision rendered by the British Columbia Court of Appeal upholding the lower court's decision denying 253's application for leave to commence a derivative action against certain of Eastplat's current and former directors...
2021-05-31 1:10 PM EDT
Eastern Platinum Limited Reports Results for the First Quarter of 2021 and Provides Operation Updates
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2021 ("Q1 2021"). Below is a summary of the Company's financial results for Q1 2021 (all amounts in USD) in comparison to the same period in 2020 ("Q1 2020"):Revenue for Q1 2021...
2021-05-14 2:45 AM EDT
Eastern Platinum Limited Provides PGM Production and Underground Mine Design Updates
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report the Company has dispatched 199.8 dry tons of platinum group metal ("PGM") concentrates containing 490.9 oz of PGMs under the offtake agreement with Impala Platinum Limited, within the production month of April 2021. This marks the first full month of PGM production following the recent completion of the reconfiguration and...
2021-05-11 2:45 AM EDT
Eastern Platinum Limited Announces Appointment of New Chief Financial Officer and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to announce the appointment of Wylie Hui as the new Chief Financial Officer and Corporate Secretary of the Company.Mr. Hui is a CPA, CA and brings over 25 years of finance and operational experience to his role with Eastplats, particularly his experience in mining. He has previously served as the CFO of several publicly listed mining...
2021-04-06 2:45 AM EDT
Eastern Platinum Limited Reports Annual Results for 2020 and Provides an Operations Update
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its Audited Consolidated Financial Statements for the years ending December 31, 2020 and 2019 and the corresponding Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results for the year ended December 31, 2020 (all amounts in USD):43% growth in revenue...
2021-03-26 2:45 AM EDT
Eastern Platinum Limited Reports PGM Upgrades Completed and Continued Production
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report the completion of all the reconfiguring and optimization of the small-scale PGM circuit (previously the scavenger plant circuit) ("PGM Circuit D") including the additional work required as part of the restart for the main PGM plant circuit ("PGM Main Circuit") (See news release of February 2, 2021). The commissioning was completed...
2021-03-24 2:45 AM EDT
Eastern Platinum Limited Signs Updated Retreatment Project Agreements
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to announce the Board of Directors of the Company approved and the Company executed updated Retreatment Project Agreements. The Company, its subsidiary Barplats Mines (Pty) Limited ("Barplats") and Union Goal Offshore Solution Limited ("Union Goal") signed the original agreements in 2018 (See press releases of March 5, 2018 and September 4,...
2021-03-15 2:45 AM EDT
Eastern Platinum Limited Retreatment Project Review
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to provide the Retreatment Project operations technical summary for 2019 and 2020. The Retreatment Project is operated by the Company's subsidiary, Barplats Mines (Pty) Ltd. ("Barplats") at its Crocodile River Mine property in South Africa. The Retreatment Project is a proprietary operation in South Africa producing chrome concentrates. It...
2021-03-03 1:45 AM EST
Eastern Platinum Limited Confirms Additional Investment into Site Development and Growth
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to confirm the Board of Directors of the Company approved the revised 2021 capital budget following the closing of the rights offering (gross proceeds - CDN$11.8 million) (See news release of January 25, 2021). The Company's subsidiary, Barplats Mines (Pty) Ltd. ("Barplats") has now reserved an additional ZAR73 million (CDN$6.3 million)...
2021-02-11 1:45 AM EST
Eastern Platinum Limited Reports on Further Investment in PGM Optimization Initiatives and Increased PGM Production Targets
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to provide an update on the platinum group metals ("PGM") initiatives following the closing of the rights offering (See news release of January 25, 2021). The Company reports that its subsidiary, Barplats Mines (Pty) Ltd. ("Barplats") has committed ZAR9 million (CDN$768,000) to the reconfiguring and optimization of the small-scale PGM...
2021-02-02 1:45 AM EST
Eastern Platinum Limited to Invest in Growth with Completed Rights Offering
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") today announced the completion of the previously announced rights offering to its shareholders (the "Rights Offering") (See news release of December 11, 2020), subject to final approval of the Toronto Stock Exchange (the "TSX") and Johannesburg Stock Exchange (the "JSE"). Eastplats issued 36,841,741 common shares of the Company (each a "Common...
2021-01-25 1:45 AM EST
Eastern Platinum Limited Is Pleased to Report PGM Revenue and Site Update
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that its subsidiary, Barplats Mines (Pty) Ltd. ("Barplats"), has confirmed the provisional payment terms of the first delivered shipment (See news release of January 6, 2021) of pressed filter cake platinum group metals ("PGM") concentrate under the existing offtake agreement between Barplats and Impala Refining Services Limited,...
2021-01-15 1:45 AM EST
Eastern Platinum Limited Is Pleased to Report the First Delivery of PGM Circuit D Pressed Filter Cake Concentrate and Provide a Company Update
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that during December 2020 its subsidiary, Barplats Mines (Pty) Ltd. ("Barplats"), delivered its first shipment of pressed filter cake platinum group metals ("PGM") concentrate under the existing offtake agreement between Barplats and Impala Refining Services Limited, now Impala Platinum Limited (the "Offtake Agreement").During...
2021-01-06 1:45 AM EST
Eastplats Receives Petition Seeking Leave to Commence a Derivative Action
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2020) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") announces that it has received a petition filed with the Supreme Court of British Columbia, by Xiaoling Ren, a shareholder of the Company, seeking leave from the court to commence a derivative action on behalf of the Company against certain of its current and former directors. Ms. Ren is represented by the same law firm who filed a...
2020-12-31 1:45 AM EST