PLATINUM GROUP METALS LTD

R. Michael Jones, the former CEO and a director of the publicly listed Platinum Group Metals Ltd, serves as the family office's principal. His four-decade career in PGM exploration and development — including leadership roles at the Waterberg project — shapes both the public-company strategy and the private family portfolio. The office does not employ a separate external investment committee; allocation authority rests with Jones and a small inner circle of family principals whose identities remain unpublicized.

Deal flow originates from the principal's network of geologists, mining engineers, and listed-company relationships accumulated across 40 years in the platinum group metals sector. The office leverages its position inside the Waterberg development consortium — a group that includes Impala Platinum, one of the world's largest PGM producers — to access co-investment offers and pre-IPO placements in processing and exploration ventures. There is no evidence of a formal origination team or intermediary program.

The entity operates strictly as a single family office, managing proprietary capital and owning a concentrated equity stake in the public company bearing the same name. It does not raise third-party funds, charge management fees, or report to limited partners. The dual structure — a listed operating company alongside a private family investment book — mirrors the architecture common among resource-extraction dynasties, not the partnership model of a venture capital firm.

Available evidence points to a preference for direct investments, including equity in the listed miner, private placements into junior exploration and processing technology companies, and direct real estate. No public filings or disclosures indicate that the office allocates capital to external resource-sector private equity funds or hedge funds. The Waterberg project's joint-venture structure — co-owned with Impala Platinum and JOGMEC — functions as the primary pooling arrangement.

The family office targets exploration-to-development-stage assets in platinum, palladium, rhodium, and associated critical minerals. The flagship holding, Waterberg, is a pre-construction development project with a completed definitive feasibility study, placing it at the late-stage development end of the mining lifecycle. Private placements have targeted early-stage processing and recycling technology companies, suggesting a barbell approach that pairs a large development asset with seed-stage clean-extraction ventures.

The family office is the parent or parallel vehicle of the family behind the publicly traded Platinum Group Metals Ltd (TSX: PTM, NYSE American: PLG). The office holds a substantial, concentrated equity position in the listed entity and shares its principal, R. Michael Jones. While legally distinct, the two entities operate with overlapping governance — Jones serves or has served as an executive and director of the public company while directing the family's private investment allocations.

The wealth traces to the discovery, delineation, and advancement of platinum group metals deposits, principally the Waterberg PGM project on South Africa's Bushveld Complex. The public company's filings document compensation, share-based awards, and equity accumulation over two decades of project development. Mining dynasties' fortunes are often built on the carried interest inherent in successful resource deposit monetization rather than on operating cash flows from producing mines, and the Platinum Group Metals principals fit this pattern.