reports
Eastern Platinum to Host Investor Webinar
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2023) - Eastern Platinum Limited. (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to invite all shareholders, investors and analysts to join a webinar to be hosted by the Company on Wednesday, November 22, 2023 at 1:00 p.m. PT / 4:00 p.m. ET.The webinar will be facilitated by Wanjin Yang, CEO, and Wylie Hui, CFO, who will present a corporate and operational update, including development plans for Eastplats' Zandfontein underground section located at the Crocodile River Mine, and upcoming catalysts.Following the presenta...
Eastern Platinum Limited Reports Results for the Second Quarter of 202...
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 to the same respective periods in 2020: Revenue for the three months ended June 30, 2021 ("Q2 2021") in...
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 owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of t...
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 lawsuits were previously described in the Company's press releases and corporate filings.The settlemen...
Eastplats Announces Voting Results of the Annual General Meeting of Sh...
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 auditors of Eastplats.Detailed results of the vote held at the Meeting are set out below: BusinessOutcome o...
Eastern Platinum Succeeds in Upholding Appeals Court Decision as Supre...
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 and officers in relation to the agreements entered into with Union Goal Offshore Solution Limited ("Un...
Eastern Platinum Limited Reports Results for the First Quarter of 2021...
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 increased to $16.7 million (Q1 2020 - $14.2 million);Mining operating income was $1.4 million for Q1 2021 (Q...
Eastern Platinum Limited Provides PGM Production and Underground Mine ...
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 optimization of the small-scale PGM circuit (previously the scavenger plant circuit) ("Circuit D"). The Company...
Eastern Platinum Limited Announces Appointment of New Chief Financial ...
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 companies, provided consulting and CFO services to numerous public companies, and worked for BDO LLP and Ernst ...
Eastern Platinum Limited Reports Annual Results for 2020 and Provides ...
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 for the year ended December 31, 2020 of $56.1 million compared to $39.2 million in the prior year. The...
Eastern Platinum Limited Reports PGM Upgrades Completed and Continued ...
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 last week and production has resumed with the first dispatch of PGM concentrate occurring on March 23, ...
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, 2018). Operations at the Crocodile River Mine include re-mining and processing its tailings resource,...
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 includes a combined hydro and mechanical re-mining method, magnetic separation applied to produce chrome ...
Eastern Platinum Limited Confirms Additional Investment into Site Deve...
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) (including the commitments announced February 2, 2021) in capital funding for platinum group metals ("P...
Eastern Platinum Limited Reports on Further Investment in PGM Optimiza...
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 circuit (previously the scavenger plant circuit) ("PGM Circuit D") which also includes funding for some of...
Eastern Platinum Limited to Invest in Growth with Completed Rights Off...
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 Share") at a price of CDN$0.32 per Common Share for rights exercised on the TSX and R3.77136 per Common Share...
Eastern Platinum Limited Is Pleased to Report PGM Revenue and Site Upd...
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, now Impala Platinum Limited (the "PGM Offtake Agreement"). These terms confirm the restart of PGM rev...
Eastern Platinum Limited Is Pleased to Report the First Delivery of PG...
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 2020, the Company completed the refurbishment of the small-scale PGM circuit (previously the scavenger pl...
Eastplats Receives Petition Seeking Leave to Commence a Derivative Act...
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 similar petition in November 2018 (See News Release of November 9, 2018) that was dismissed by the Supreme Court of Br...
Eastern Platinum Limited Announces Rights Offering in Order to Pursue ...
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") today announced the offering to its shareholders (the "Rights Offering") of rights (the "Rights") to acquire common shares of the Company ("Common Shares") at the close of business on the record date of December 18, 2020 ("Record Date"), on the basis of one Right for each Common Share held. Each Right will entitle the holder to subscribe for one Common Share of the Company upon payment of the subscription price of $0.32 or ZAR 3.77136 (based on the ...
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