High Grade Drill Results: 3.55 Metres of 5.52% CuEq or 2.68% NiEq Including 2.35 Metres of 7.80% CuEq or 3.78% NiEq from Selebi North
"The poly-metallic nature of our deposits offers the opportunity for PNRL to be competitive in multiple commodity markets, specifically in copper but also in cobalt and PGE, in addition to nickel. However, we continue to experience what we see as a significant disconnect between the Company's share price and the value of the Selebi and Selkirk assets and consistently positive information and milestones achieved to date. These permitted mines continue to demonstrate that the deposits are larger than previously...
2024-09-17 8:00 AM EDT
Premium Nickel Expands Deposit While Advancing Infill Drilling at Selebi North: Assays Include 26.35 Metres 4.31% CuEq OR 2.09% NiEq
"Ongoing underground drilling at Selebi North totaling approximately 20,000 metres has been completed, in addition to the approximately 30,000 metres reflected in the initial mineral resource estimate. Infill drilling is designed to upgrade classification in the mineral resource estimate from Inferred into Indicated, which is required for future Pre-Feasibility Studies. We are also preparing to move underground and start the process of infill drilling to upgrade the classification of the Selebi Main resources and expand on the deposit. With...
2024-09-05 8:00 AM EDT
Premium Nickel Resources Ltd. Grants Stock Options
Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) ("PNRL" or the "Company") announces that, effective August 14, 2024, it has granted to certain directors, officers, employees and/or consultants of the Company and/or its subsidiaries an aggregate of 3,110,000 stock options of the Company ("Options") pursuant to the stock option plan of the Company. The Options have an exercise price of $1.10 per share and a five-year term from the date of grant, and vest...
2024-08-15 8:00 AM EDT
Premium Nickel Resources Ltd. Announces Its Initial Mineral Resource Estimate of 27.7 MT for the Selebi Mines in Botswana
Selebi Main Deposit Inferred Mineral Resource Estimate of 18.89 million tonnes at 3.51% CuEq or 1.70% NiEq.Contained metal Inferred - 165,000 tonnes nickel and 319,000 tonnes copper. Selebi North Deposit Indicated Mineral Resource Estimate of 3.00 million tonnes at 2.92% CuEq or 1.42% NiEq.Contained metal Indicated - 29,000 tonnes nickel and 27,000 tonnes copper. Inferred Mineral Resource Estimate of 5.83 million tonnes at 3.11% CuEq or 1.51% NiEq.Contained metal Inferred - 62,000 tonnes nickel and 52,000 tonnes copper.Toronto,...
2024-08-08 6:00 AM EDT
Premium Nickel Resources Ltd. Announces Director DSU Grant
Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") announces that it has granted an aggregate of 350,202 deferred share units ("DSUs") to its non-management directors at a deemed price of $0.81 per DSU. The DSUs were granted in consideration for services rendered by the directors for the quarter ended June 30, 2024. The DSUs were granted in accordance with the Company's Deferred Share Unit Plan adopted on...
2024-07-08 8:00 AM EDT
Premium Nickel Reports 52.45 Metres of 2.02% NiEq or 3.59% CuEq (1.26% Ni, 1.17% Cu, 0.06% Co) & 35.60 Metres of 2.45% NiEq or 4.35% CuEq (1.54% Ni, 1.38% Cu, 0.08% Co) at Selebi North Underground
"These assays are the last underground drill holes to be included in the first Selebi National Instrument 43-101 compliant Mineral Resource Estimate ("MRE"). The MRE will incorporate drilling data from both Selebi North and Selebi Main and is expected in the coming weeks. The delay is predominantly due to the lag time in receiving the assays from drill hole SNUG-24-105." - CEO, Keith MorrisonToronto, Ontario--(Newsfile Corp. - June 26, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL"...
2024-06-26 8:00 AM EDT
Premium Nickel Resources Ltd. Announces Appointment to Its Board of Directors
Toronto, Ontario--(Newsfile Corp. - June 24, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to announce the appointment of Mr. Norman MacDonald as a director of the Company, effective immediately.Norman MacDonald has over 25 years of experience working at natural resource focused institutional investment firms, including over 10 years as a Senior Portfolio Manager at Invesco. He recently served as Senior Advisor, Natural Resources at Fort Capital from February 2021 until June...
2024-06-24 8:00 AM EDT
Premium Nickel Resources Announces Closing of Second Tranche of Private Placement of Units for Total Offering of C$27.5 Million
"This financing will provide the capital needed for continuing the underground infill drilling at Selebi North, and the surface in-fill and exploration drilling at Selebi Main and in the Hinge Zone. The Selebi MRE is on track to be released in the coming weeks. Additionally, we anticipate publishing a maiden mineral resource estimate, prepared in accordance with NI 43-101, for Selkirk in Q4 2024."– CEO, Keith MorrisonToronto, Ontario--(Newsfile Corp. - June 21, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX:...
2024-06-21 5:10 PM EDT
Premium Nickel Resources Announces Closing of First Tranche of Private Placement of Units for Gross Proceeds of C$15 Million
Toronto, Ontario--(Newsfile Corp. - June 14, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to announce that, further to its news releases dated June 5, 2024 and June 10, 2024, it has closed the first tranche of a non-brokered private placement offering, pursuant to which the Company issued an aggregate 19,234,614 units of the Company (the "Units") at a price of C$0.78 per Unit (the "Issue Price") for aggregate gross proceeds of...
2024-06-14 3:24 PM EDT
Premium Nickel Resources Ltd. Announces Upsize to Previously- Announced Non-brokered Equity Financing
Toronto, Ontario--(Newsfile Corp. - June 10, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (the "Company") is pleased to announce that the Company is upsizing its previously-announced non-brokered private placement offering (the "Offering") of units of the Company (the "Units") at a price of $0.78 per Unit from approximately C$15 million to aggregate gross proceeds of up to approximately C$27.5 million, in response to very strong interest in the Offering, largely from the Company's existing shareholders. The...
2024-06-10 8:00 AM EDT
Premium Nickel Resources Ltd. Announces Fully-Committed $15 Million Private Placement of Units
Not for distribution to United States newswire services or for dissemination in the United States Toronto, Ontario--(Newsfile Corp. - June 5, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to announce a fully-committed non-brokered private placement offering of 19,230,770 units of the Company (the "Units") at a price of C$0.78 per Unit (the "Issue Price") for aggregate gross proceeds of approximately C$15 million (the "Offering").Each Unit will consist of one common share...
2024-06-05 8:00 AM EDT
Premium Nickel Reports 17.55 Metres of 3.28% NiEq or 6.16% CuEq (2.07% Ni, 1.98% Cu, 0.11% Co) at Selebi North Underground, 403 Metres down Plunge of the Historic Resource
"The assays from the down plunge extension of the Selebi North historic resource continue to confirm the interpretation of up-side potential of the high-grade Ni-Cu-Co polymetallic nature of this deposit. These assays will be included in the first Selebi National Instrument 43-101 compliant Mineral Resource Estimate ("MRE"), that will combine drilling from both Selebi North and Selebi Main, which is expected this June." - CEO, Keith MorrisonToronto, Ontario--(Newsfile Corp. - May 16, 2024) - Premium Nickel Resources Ltd. (TSXV:...
2024-05-16 8:00 AM EDT
Premium Nickel Reports Assays and More Mineralization Outside of Historic Resource at Selebi North Underground
"Drilling continues to intercept mineralization outside of the known historic resource. Assays reported herein for holes SNUG-24-077 and 086a are outside of the historic resource in the down plunge direction. We continue to see significant nickel, copper and cobalt grades within and down plunge of the historic resource. Results for additional down plunge holes are pending and will be captured in the Company's pending MRE. Following the completion of MRE drilling, we will continue infill and exploratory drilling at Selebi...
2024-04-17 8:00 AM EDT
Premium Nickel Announces Director DSU Grant
Toronto, Ontario--(Newsfile Corp. - April 12, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") announces that it has granted an aggregate of 312,499 deferred share units ("DSU") to its independent directors at a deemed price of $0.90 per DSU. The DSUs were granted in consideration for services rendered by the directors for the quarter ended March 31, 2024. The DSUs were granted in accordance with the Company's Deferred Share Unit Plan adopted on...
2024-04-12 8:00 AM EDT
Premium Nickel Announces Investor Webinar with Chairman and CEO
Toronto, Ontario--(Newsfile Corp. - March 28, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") extends an invitation to shareholders and investors to join a webinar scheduled for Wednesday, April 3rd, 2024, in Toronto at 4:30 p.m. EDT / 1:30 p.m. PDT. Chairman of the Board, Mr. Jim Gowans, joins CEO, Mr. Keith Morrison to discuss key updates and engage in a Q&A session. Details of the event are as follows: Event: Premium Nickel...
2024-03-28 9:12 PM EDT
Premium Nickel Reports 5.86% NiEq in Additional Assay and Provides Project Update at Selebi North Underground (0.45 Metres of 5.86% NiEq (4.53% Ni, 2.10% Cu, 0.16% Co))
"By the end of March, we will have completed the underground drilling at Selebi North that will be included in our maiden Selebi NI 43-101 Mineral Resource Estimate. The objective of the Selebi MRE, expected in June, is to provide the basis to support the rapid redevelopment of these deposits using the existing shafts and infrastructure. The mineralization continues down plunge and down dip from beyond the drilling to be reported in the MRE, which is evidenced in recent...
2024-03-27 8:00 AM EDT
Premium Nickel Reports Down Plunge Extension of Selebi North Massive Sulphide Mineralization
Toronto, Ontario--(Newsfile Corp. - March 5, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to report additional assay results from drilling at its past-producing nickel-copper-cobalt sulphide ("Ni-Cu-Co") Selebi North underground ("SNUG") mine in Botswana. Previous results for 37 holes were released in seven separate news releases between November 14, 2023 and February 26, 2024. Results for a further five holes are released herein. To date a total of 42 holes have been...
2024-03-05 8:00 AM EST
Premium Nickel Reports 110.75 Metres of 2.56% NiEq at Selebi North Underground
Toronto, Ontario--(Newsfile Corp. - February 26, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to report additional assay results from drilling at its past-producing nickel-copper-cobalt sulphide ("Ni-Cu-Co") Selebi North underground ("SNUG") mine in Botswana. Previous results for 34 holes were released in 2023 on November 14, November 27 and December 19 and in 2024 on January 18, January 30 and February 13. Results for a further three holes are released herein. To...
2024-02-26 8:00 AM EST
Premium Nickel Resources Ltd. Announces High Extraction Rates for All Metals in Recent Metallurgical Testwork Supporting Low Carbon Metal Production
"We are very pleased that our vision for future low carbon critical metal mines is supported by these results. PNRL will continue with the evaluation of hydrometallurgical processing options for Selebi and Selkirk, providing a superior alternative to the legacy smelting. It will cut power usage, reduce pollution, boost metal recovery and facilitate local beneficiation."- CEO, Keith MorrisonToronto, Ontario--(Newsfile Corp. - February 22, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased...
2024-02-22 8:00 AM EST
Premium Nickel Reports 102.80 Metres of 2.23% NiEq at Selebi North Underground
Toronto, Ontario--(Newsfile Corp. - February 13, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to report additional assay results from drilling at its past-producing nickel-copper-cobalt sulphide ("Ni-Cu-Co") Selebi North underground ("SNUG") mine in Botswana. Previous results for 26 holes were released in 2023 on November 14, November 27 and December 19, 2023 and in 2024 on January 18 and January 30. Results for a further eight holes are released herein. To date...
2024-02-13 8:00 AM EST