Third-Party Recommendation (Art. 8 DelVO 2016/958): Unmodified reproduction of a promotional article created by a third party · Original author: SRC swiss resource capital AG · Date of first publication (original): October 24, 2026, 2:00 p.m. Berlin/Zurich · Link to the original publication ·
Advertisement – On behalf of Sibanye Stillwater Limited and Premier American Uranium Inc. SRC swiss resource capital AG has fee-based, non-performance-based investor relations consulting agreements with both companies. Prepared by: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: October 24, 2026, 2:00 p.m. Berlin/Zurich.
AI Creates New Applications for Raw Materials
Dear Readers,
According to UNCTAD, the global market for artificial intelligence could grow from $189 billion in 2023 to $4.8 trillion in 2033. However, this market forecast is not a forecast of raw material demand: what matters are specific applications in data centers, electronics, networks, and energy supply, as well as their actual adoption on an industrial scale.
In this context, the World Platinum Investment Council (WPIC) sees potential for platinum group metals in semiconductors, data storage devices, sensors, and fuel cells. At the same time, the electricity demand of data centers is driving increased interest in reliable energy supplies, including nuclear power. However, new reactors and uranium supplies require long lead times.
Sibanye-Stillwater Focuses on Mining and Recycling
Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - is an international producer of gold and platinum group metals with significant mining operations in South Africa and the United States. The company also engages in the recycling and processing of used PGM catalyst materials. It is thus involved in several established applications of platinum group metals; additional demand from AI remains a potential development.
A disclosure notice dated October 14 stated that the Swiss banking giant UBS Group AG holds a 5.02 percent stake in Sibanye-Stillwater, representing 5.02 percent of the issued common shares.
Premier American Uranium Reports Kaycee Results
Premier American Uranium - https://www.rohstoff-tv.com/mediathek/unternehmen/profile/premier-american-uranium-inc/ - is developing uranium projects in the U.S. states of New Mexico and Wyoming. At Cebolleta, the company completed a 6,030-foot core drilling program in July for metallurgical testing. The tests are intended to verify assumptions made in the preliminary economic assessment from 2025.
At the Kaycee project, Premier reported in October a 10-foot interval with 0.064 percent eU₃O₈ between 859.5 and 869.5 feet in drill hole WD26-012. The grade was derived radiometrically; according to the company, the drill hole length approximates the true thickness.
Conclusion: Sibanye-Stillwater and Premier American Uranium on the Verge of Milestones
AI infrastructure and the need for reliable energy open up long-term prospects for platinum group metals and uranium. For Sibanye-Stillwater, the focus is on operational development and metal demand; for Premier, it is on further metallurgical testing, drilling, and the DISA agreement.
Current company information and press releases: Sibanye-Stillwater https://www.resource-capital.ch/de/unternehmen/sibanye-stillwater-ltd/ and Premier American Uraniumhttps://www.resource-capital.ch/de/unternehmen/premier-american-uranium-corp/
For further information, see our reports: Uranium Report https://www.resource-capital.ch/de/reports/ansicht/uran-report-2026-03/ and Battery Metals Report https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2026-03/
Best of luck and warm regards from Switzerland,
Marc Ollinger
Swiss Resource Capital AG
Swiss Resource Capital AG at a glance:
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Sources: UNCTAD AI Forecast, April 7, 2025 · WPIC AI Applications, July 16, 2026 · Sibanye UBS Announcement, October 14, 2026 · Premier Cebolleta, July 13, 2026 · Premier DISA, September 15, 2026 · Premier Kaycee, October 7, 2026; Intro image: https://www.sibanyestillwater.com/news-investors/media-gallery/photos/
Transparency and Conflicts of Interest
Prepared and published by: SRC swiss resource capital AG, Poststrasse 1, 9100 Herisau, Switzerland. Responsible under § 18(2) MStV: Marc Ollinger, CEO, Poststrasse 1, 9100 Herisau, Switzerland. Issuers: Sibanye Stillwater Limited (JSE: SSW; NYSE: SBSW [ADS]) and Premier American Uranium Inc. (TSXV: PUR; OTCQB: PAUIF). The paid IR contracts give rise to a financial interest in positive coverage. As of October 23, 2026: Neither the author nor SRC nor any affiliated companies hold shares, options, warrants, certificates, derivatives, or other long/short positions in the issuers mentioned. Future purchases or sales are possible. None of the issuers holds at least a five percent stake in SRC. The companies did not receive the article for review and approval prior to publication.
Methodology and Risks
Date of publication: October 23, 2026. Public sources have been cross-checked; company information has not been independently verified. No independent review of drilling data, resource estimates, feasibility studies, or company valuations has been conducted. Kaycee grades are based on radiometrically determined eU₃O₈, not on confirmed chemical analyses. Studies and timelines are contingent upon financing, permits, successful metallurgical testing, and, where applicable, suitable processing methods. Exploration, geological, metallurgical, environmental, construction, jurisdictional, dilution, platinum, gold, uranium price, and currency risks may materially alter results and lead to a total loss. No routine updates are planned; statutory obligations remain unaffected.
Disclosures and Liability
Paid marketing communication; not an independent financial analysis, individual investment advice, or solicitation to buy; not an offer of securities. Personal investment circumstances are not reviewed. No guarantee of accuracy, completeness, or timeliness. Liability is excluded only to the extent permitted by law; exceptions include willful misconduct, gross negligence, injury to life, limb, or health, mandatory liability, and breaches of material obligations. In the event of a breach of material contractual obligations due to slight negligence, liability is limited to foreseeable damages typical for this type of contract. The operators of external websites are responsible for their content; their own legal liability remains unaffected. AI was used for research and processing. Editorial responsibility and final human review remain with SRC. © 2026 SRC. Redistribution requires consent or is permitted by law.