X0202 SCHEDULE 13G/A 0000930413-24-003080 0001599814 XXXXXXXX LIVE 1 Common Shares, no par value 03/31/2026 0001095052 PLATINUM GROUP METALS LTD 72765Q882 SUITE 838-1100 MELVILLE STREET VANCOUVER A1 CANADA Rule 13d-1(b) Kopernik Global Investors, LLC b DE 0.00 7432438.00 0.00 7432438.00 7432438.00 N 5.86 IA Based on 126,825,879 common shares outstanding as of February 28, 2026, as set forth in the Issuer's Interim Condensed Consolidated Financial Statements for the six-month period ended February 28, 2026 filed by the Issuer on Form 6-K with the Securities and Exchange Commission on April 10, 2026. David B. Iben b X1 0.00 7432438.00 0.00 7432438.00 7432438.00 N 5.86 HC Based on 126,825,879 common shares outstanding as of February 28, 2026, as set forth in the Issuer's Interim Condensed Consolidated Financial Statements for the six-month period ended February 28, 2026 filed by the Issuer on Form 6-K with the Securities and Exchange Commission on April 10, 2026. PLATINUM GROUP METALS LTD Suite 838 - 1100 Melville Street, Vancouver BC, V6E 4A6, Canada This Schedule 13G is jointly filed by Kopernik Global Investors, LLC ("Kopernik Global Investors") and David B. Iben (collectively, the "Reporting Persons"). Kopernik Global Investors is an investment adviser. Mr. Iben is the controlling member and Co-Chief Investment Officer of Kopernik Global Investors. 2502 N. Rocky Point Dr. Suite 300 Tampa, FL 33607 Kopernik Global Investors is a limited liability company organized under the laws of Delaware. Mr. Iben is a citizen of the United States of America. N IA HC The Reporting Persons beneficially own, in the aggregate, 7,432,438 Common Shares. None of the securities are held by the Reporting Persons. The filing of this statement shall not be construed as an admission that either of the Reporting Persons is the beneficial owner of any of the securities covered by this Schedule 13G for any other purpose. The number of Common Shares beneficially owned by the Reporting Persons represents 5.86% of the Issuer's outstanding Common Shares based on 126,825,879 common shares outstanding as of February 28, 2026 as set forth in the Issuer's Interim Condensed Consolidated Financial Statements for the six-month period ended February 28, 2026 filed by the Issuer on Form 6-K with the Securities and Exchange Commission on April 10, 2026. 0 7,432,438 0 7,432,438 Y N Securities reported on this Schedule 13G are beneficially owned by Kopernik Global Long-Term Opportunities, LP, a Guernsey limited partnership, and it is the direct holder of 7,073,746 Common Shares or more than five percent of the Common Shares. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. 99.1 Joint Filing Agreement, dated November 4, 2024, by and between Kopernik Global Investors, LLC and David B. Iben is incorporated herein by reference to Exhibit 99.1 of Schedule 13G filed with the SEC via EDGAR Accession No. 0000930413-24-003093 on November 4, 2024. 99.2 Power of Attorney appointing Sarah L. Bertrand, dated October 25, 2024, signed by David B. Iben is incorporated herein by reference to Exhibit 99.2 of Schedule 13G filed with the SEC via EDGAR Accession No. 0000930413-24-003093 on November 4, 2024. Kopernik Global Investors, LLC /s/Sarah L. Bertrand 05/14/2026 David B. Iben /s/ David B. Iben by Sarah L. Bertrand, power of attorney 05/14/2026