Shares in Value Logo
Product Review Img Vertical

Date : 26/01/2021

Platina Resources (ASX:PGM) Shares Soared Today. Checkout why!

Platina Resources (ASX:PGM) Shares Soar

PGM traded 28.85% higher to AUD 0.067 on 25 January 2021 at AEDT: 03:16 PM. This surge today was on the back of news breaking out that Platina Resources is on its course to realise the full potential of its Platina scandium project that is located in NSW.

The news comes as there has been a resurgence in the interest for the mineral. Scandium is mainly used in the oxide fuel market, and it is now also being adopted as an aluminium alloy due to its lightweight properties. The use case scenarios in sectors such as – aerospace, marine, military, and automobile – all sectors and segments that involve very high annual investments from governments and private organisations.

Platina Resources is now considering to update its scandium market study and fund a definitive feasibility study in order to target investment partners and potential offtake agreements.

The Platina scandium project has the potential to be Australia’s first scandium producer with a shallow depth allowing open-pit mining, exceptionally high scandium grades and appreciable cobalt, platinum and nickel credits. It is expected to produce 20 tonnes of the material annually with initial capital expenditures of $50 million.


Investing in small cap mining stocks has yielded returns higher than the broader market. However, with a lot of stocks to choose from, it is rather a tricky affair to pick the right one at the right time. Contact Shares in Value and find out what mining stocks we are holding in our premium portfolio.


Are You Looking To Buy The Best Stocks In 2021?

Stay on top of upcoming market trends. Whether you are a SMSF investor or a young investor we cover a wide range of stocks across all sectors including finance, industrials , real estate , technology, health and biotech etc to give you an edge to invest and trade with an advantage in the ASX listed stocks across large , mid and small caps.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2021!


I want a Walkthrough

Our specialists are available at any time to provide you with further insight and advice.
Scroll to Top


By submitting this form, I agree to the TERMS AND CONDITIONS and PRIVATE POLICY