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Toronto, Ontario–(Newsfile Corp. – December 06, 2022) – Premium Nickel Resources Ltd. (TSXV: PNRL) (“PNRL” or the “Company”) announces that Mr. Sheldon Inventash has resigned from his position as director of PNRL, effective immediately.
Mr. Inventash has been a director of the former Premium Nickel Resources Corporation since 2019. The company wishes to thank Sheldon for his years of service and contributions during his tenure as a director of the company and Premium Nickel Resources Corporation.
About Premium Nickel Resources Ltd.
PNRL is a Canadian company dedicated to the exploration and development of high quality nickel copper + cobalt resources. PNRL believes that medium to long-term demand for these metals will continue to grow through global urbanization and the increasing replacement of internal combustion engines by electric motors. Importantly, these metals are key to a low-carbon future.
PNRL focuses its efforts on discovering world-class nickel sulfide assets in jurisdictions with a rule of law consistent with PNRL’s values and principles that exceed the highest industry standards. PNRL is committed to governance through transparent accountability and open communication within our team and our stakeholders.
PNRL maintains a skilled team that has worked on over 100 projects together, accumulating over 400 years of resource discovery, mine development and mine reengineering experience on projects such as Selebi and Selkirk. PNRL’s team has an average of more than 20 years of experience in every aspect of mine discovery and development, from geology to operations.
On January 31, 2022, PNRL closed the acquisition of PNRL’s flagship asset, the Selebi mine. The Selebi mine includes two shafts (Selebi shaft and Selebi north) and associated infrastructure (railway, electric power and water). Shaft sinking and plant construction began in 1970. Mining was completed in October 2016 when the works were put on care and maintenance due to a breakdown in a separate and out-of-town processing facility. The Selebi mine was subsequently placed into liquidation in 2017. The proposed work plan for the Selebi mine includes diamond drilling which is expected to be ongoing for up to 18 months, as well as the delivery of a compliant PEA by the end of 2023. During that time, additional metallurgical samples will be collected and sent for more detailed studies. Underground infrastructure in the north of Selebi will be upgraded to support the underground drilling program as well as improve health and safety.
In addition, PNRL is evaluating direct and indirect nickel asset acquisition opportunities globally and also: (i) has a 100% interest in the Selkirk open pit mine which was acquired in August 2022, as well as four adjacent exploration licenses in Botswana, (ii) ) has a 100% interest in the Maniitsok property in Greenland, which is a permitted camp-level exploration project covering 3,048 square kilometers covering numerous high-grade nickel-copper + cobalt-sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt; (iii) has a 100% interest in the Post Creek/Halcion property in Sudbury, Ontario, which is strategically located near KGHM International Ltd.’s former copper-nickel sulphide and precious metals site. (iv) owns 100% of the property in the Quetico region near Thunder Bay, Ontario; and (v) expands its area of research interest to Morocco.
ON BEHALF OF THE BOARD OF DIRECTORS
Keith Morrison
Chief Executive Officer
Premium Nickel Resources Ltd.
For more information about Premium Nickel Resources Ltd., please contact:
Jaclyn Ruptash
Vice President for Business Development
+1 (604) 770-4334
Note Regarding Forward-Looking Statements:
This release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as of the date of this release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied in such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s goals, objectives or future plans, including the proposed Selebi mine operating plan. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs that vary materially from estimates; preliminary nature of metallurgical test results; delays in obtaining or failure to obtain necessary governmental, environmental or other project approvals; uncertainties regarding the availability and cost of financing required in the future; changes in capital markets; inflation; commodity price fluctuations; delays in project development; other risks involved in the mineral exploration and development industry; and those risks listed in the Company’s public records on SEDAR (www.sedar.com) under the Company’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this press release are reasonable, undue reliance should not be placed on such information, which applies only as of the date of this release, and no guarantee can be made. that such events will occur within the time frames disclosed or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSKS Venture Exchange nor its regulation service provider (as that term is defined in TSKS Venture Exchange’s policies) accepts responsibility for the adequacy or accuracy of this announcement.
To view the original version of this press release, visit https://www.nevsfilecorp.com/release/147016
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