Premier Development & Investment, Inc. Now Confirms Certain Highly Material Transactions to Close Imminently and Extends its Extreme “Cautionary” to All Parties
Rhea-AI Summary
Premier Development & Investment (OTC: PDIV) reports that all parties now agree on terms for multiple binding Agreements tied to its Nevada lithium and uranium properties “Hombre”, “Stonewall Flat” and “Silverpeak”, totaling about $130 million, expected to be executed and filed imminently.
Premier plans to capitalize at least $27 million of long-term liabilities now and a further $85 million post-closing, mainly via new interest-free, unsecured Preferred Stock, subject to amended Articles being accepted by the Nevada Secretary of State by June 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Agreements on lithium and uranium properties total increased value of about $130 million
- Additional unrelated transactions expected to be not less than $20 million
- Plan to capitalize at least $27 million of long-term liabilities via Preferred Stock
- Planned post-closing capitalization of at least an additional $85 million of liabilities
- $6 million of Convertible Loan Notes previously cancelled as of May 21, 2026
- Preferred and Class B super-voting shares structured as interest free and unsecured
Negative
- All capitalization plans depend on Nevada Secretary of State approval by June 30, 2026
- Company expects about $1.1 million in Q2 cash costs for capex and fees
- Capitalization of short-term liabilities remains undecided until late Q2
- Company advises shareholders to exercise extreme caution trading PDIV common stock
- Execution and filing of transactions are not yet completed and may shift into Q3
News Market Reaction – PDIV
On the day this news was published, PDIV declined 14.50%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LAS VEGAS, June 24, 2026 (GLOBE NEWSWIRE) -- Premier Development & Investment, Inc. (OTC: PDIV) (“The Company” or “Premier”) is now in a position to confirm as follows:
To view all of Premier’s Regulatory Filings: https://www.otcmarkets.com/stock/PDIV/disclosure
All parties are now in full agreement of all of the terms and conditions of each and every Agreement. All parties are now in possession of all of the Agreements from the External Attorneys to Premier; as was required to complete these executed and binding Agreements.
We now have reasonable belief that these Agreements will be executed and filed in and during this week.
Please be aware that these transactions may well be filed before and/or after Market Hours; and upon weekends.
We can confirm that these relate to Premier’s interests in the Lithium and Uranium Exploration Properties; namely “Hombre”, “Stonewall Flat” and “Silverpeak”; totaling an amount of what has now been increased to
Further material and unrelated transactions are in our opinion, reasonably expected to be filed in and during next week. All parties are reviewing those final draft Agreements. This is likely to be not less than a further
Premier filed a Supplementary Filing on OTCIQ on June 2, 2026 detailing the Amendments to its Articles of Association to create unsecured and interest free Preferred Stock (“Preferred”) and with an “iron clad” inability to convert the Preferred and for a period of not less than two years. This being interest free and unsecured.
At this time, we are capitalizing long term liabilities in the amount of not less than
Post the closing of the above-mentioned transactions, we will be capitalizing a further amount of no less than an additional
The amount capitalized in respect of all short term liabilities will be decided and enacted upon in the last week of this month being the close of our Q2 Reporting Period. We expect to expend some
This follows on from our cancellation of
*This is wholly dependent upon the amended Articles of Association being filed and accepted by Nevada Secretary of State (“NV SOS”) on or before Q2 Ending June 30, 2026; these transactions being capitalized resulting into highly material Balance Sheet adjustments; and could therefore fall into our Q3 Accounting Period if these above-mentioned is not completed by NV SOS on or before June 30, 2026.
Given the materiality of these pending transactions; we continue to advise our shareholders to exercise extreme caution in their dealings in our Common Stock; and until such time as all of these transactions have been filed; thereby placing our shareholders in a position to make appropriate investment and/or trading decisions.
ABOUT PREMIER:
Premier is in the business of Lithium and Uranium exploration in Nevada through “Silverpeak”, “Stonewall Flat” and “Hombre” encompassing some 3,800 acres. Premier has Rare Earth Exploration properties in New Mexico through “Gallinas Mountains”. We hold options over Oil & Gas Wells in Oklahoma. We now hold
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.
Contact Information:
Telephone: (702) 992- 0494
E Mail: corporate@premiergroupinc.us
Temporary Investor Relations Contact (Being replaced by an Investor Relations Firm):
E Mail: ir@premiergroupinc.us
Website: www.premiergroupinc.us (Final construction underway)
Social Media:
https://www.facebook.com/PremierGroupInc
https://www.instagram.com/premier_investment_pdiv/
https://www.linkedin.com/company/premier-development-investment-inc
