Welcome to our dedicated page for Premium Resources news (Ticker: PRMLF), a resource for investors and traders seeking the latest updates and insights on Premium Resources stock.
The PRMLF news page on Stock Titan aggregates recent disclosures and media coverage related to NexMetals Mining Corp., a mineral exploration and development company focused on redeveloping previously producing copper, nickel and cobalt mines in the Republic of Botswana. News releases linked to PRMLF and its Canadian listing NEXM provide insight into how the company is advancing its Selebi and Selkirk assets.
Investors following PRMLF can review updates on drilling campaigns at the Selebi mines, where the company reports surface and underground programs targeting mineralization between the Selebi North and Selebi Main deposits and down-plunge extensions beyond an existing resource model. Articles also cover work at the Selkirk mine, a past-producing copper-nickel-cobalt-platinum group elements sulphide deposit, where NexMetals has described 12-hole drilling programs, resampling of historical core and metallurgical test work designed to support potential resource expansion and flowsheet development.
Company news has also included corporate actions and governance developments, such as the change of name from Premium Resources Ltd. to NexMetals Mining Corp., the adoption of the NEXM trading symbol on the TSX Venture Exchange, share consolidation plans connected to a proposed Nasdaq listing, and changes in senior leadership roles. In addition, NexMetals has announced investor town halls and marketing arrangements intended to communicate its plans to shareholders.
By monitoring this PRMLF news feed, readers can see how NexMetals describes the progress of its drilling, resampling and metallurgical programs, as well as its corporate evolution and regulatory disclosures. Bookmarking the page allows users to quickly find new press releases and related coverage tied to the company’s Botswana-focused mining projects and stock symbols.
Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) has filed an initial Mineral Resource Estimate (MRE) for its past-producing Selkirk Nickel-Copper-Platinum Group Elements sulphide deposit in Botswana. The Technical Report, dated January 8, 2025, with an effective date of November 1, 2024, confirms the previously announced 44.2 MT resource estimate.
The report, prepared by SLR Consulting (Canada) in compliance with NI 43-101 standards, was verified through site visits that included inspection of historical mineralized core, gossanous outcrop examination, infrastructure assessment, and verification of drill hole locations. The technical content was reviewed and approved by qualified persons Valerie Wilson of SLR Consulting and Sharon Taylor, PREM's Vice President Exploration.
Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) has granted a total of 317,500 deferred share units (DSUs) to its independent directors. The DSUs were issued at CDN$1.00 per unit as compensation for services provided during the quarter ending December 31, 2024. This grant was made under the Company's Deferred Share Unit Plan, representing part of the board compensation structure.
Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) has amended its consulting agreement with Altitude Capital Partners Inc., effective October 1, 2024. The new six-month agreement replaces the previously announced October 2024 arrangement, featuring a reduced monthly fee of CAD$10,000. Under the revised terms, Altitude will provide capital market intelligence, strategic opportunity analysis, funding source examination, and market analysis for future financings. Notably, no stock options or other securities have been or will be issued to Altitude under this agreement.
Premium Resources has announced high-grade assay results from eight in-fill drilling holes at its Selebi North underground mine in Botswana. Key intersections include 16.80 metres of 5.77% CuEq in the South Limb and 13.70 metres of 5.35% CuEq in the N3 Limb.
The drilling program has completed 63,000 metres across 160 drillholes from eight underground drill bays, with BHEM surveys completed in 63 underground holes. The company plans to resume exploration drilling on down plunge EM targets at Selebi Main in Q1 2025.
Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) has announced the granting of 300,000 stock options to various directors, officers, employees, and consultants. The options were granted on December 4, 2024, with an exercise price of C$0.49 per share and a five-year term. Of the total options, 175,000 vest immediately, while the remaining 125,000 will vest annually in equal thirds starting from the grant date.
Premium Resources (PRMLF) announced key leadership changes. CEO Keith Morrison will retire on December 31, 2024, with Paul Martin serving as interim CEO while a search for a permanent replacement is underway. Sean Whiteford, President of Premium Resources International, will continue overseeing operational activities. Morrison will remain available as a consultant for the Selebi and Selkirk mines projects. Additionally, James K. Gowans will step down as Board Chair upon completion of the CEO search process but continue as a director, with Paul Martin appointed as the new Board Chair.