According to Mining News Pro - This acquisition brings HCI’s total holdings in the PTM common shares to over 6.5-million, or 19.89%.

According to PTM CEO Michael Jones, HCI’s investment has been important in advancing the Waterberg palladium project, in South Africa.

He added that PTM was “working closely” with its joint venture partners Impala Platinum, the Japan Oil, Gas and Metals National Corporation, Hanwa and Mnombo on the completion of the Waterberg definitive feasibility study later this year.