Platinum Group Metals (PTM) says that it has secured a trading both on the Toronto Stock Exchange (TSX) as it targets development of its South African platinum holdings.

The firm says that as of June 8th it will begin trading on the TSX under the symbol "PTM".

PTM says it is excited to be joining the multi-billion dollar platform, with the exchange ranked first in terms of mining financings.

Meanwhile, the firm also took the opportunity to launch its 2001-2005 Report Card and 2005-2008 Business Outlook, which outlined its plans for expansion in the pgm market in the next three years.

Alluding to the listing, PTM president R. Michael Jones said: "We are pleased to be recognized and to take this next important step in the company's development.

"We met our targets from 2001 to 2005, in the acquisition phase, by acquiring prime platinum properties, and developing an experienced team capable of leading PTM from exploration to development," he added.

"Now, the company is focusing efforts and resources on our core assets in the platinum fields of South Africa and driving those projects towards development."

PTM is now using three machines at the Western Bushveld site in South Africa and says its initial inferred resource points to more than 4.7 million ounces, including 15 million tonnes at 7.92 grams per tonne of platinum, palladium, rhodium, and gold.