(miningmx.com) - Platinum Group Metals (PTM) said on Thursday it might circumvent a right of first refusal Impala Platinum (Implats) has over raw metal the Canadian firm produces from its proposed Waterberg Joint Venture. Implats has a 15% stake in the project but in 2020 declined to exercise a control option saying it had other uses for its capital. Implats has, however, a first right of refusal to treat concentrate produced from Waterberg JV. Lenders have told PTM an offtake agreement is critical before they can consider financing the project.
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