Premium Resources Announces Quarterly Director DSU Grants

Rhea-AI Summary

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.

Toronto, Ontario--(Newsfile Corp. - January 10, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ("PREM" or the "Company") announces that it has granted an aggregate of 317,500 deferred share units ("DSUs") to its independent directors at an effective price of CDN$1.00 per DSU. The DSUs were granted in consideration for services rendered by the independent directors for the quarter ended December 31, 2024 pursuant to the Company's Deferred Share Unit Plan.

About Premium Resources Ltd.

PREM is a mineral exploration and development company that is focused on the redevelopment of the previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic of Botswana.

PREM is committed to governance through transparent accountability and open communication within our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects like the Company's Selebi and Selkirk mines. PREM's senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations.

For further information about Premium Resources Ltd., please contact:

Jaclyn Ruptash
Vice President, Communications and Government and Investor Relations
+1 (604) 770-4334

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236870

FAQ

How many DSUs did Premium Resources (PRMLF) grant to directors in Q4 2024?

Premium Resources granted 317,500 deferred share units (DSUs) to its independent directors for Q4 2024.

What was the price per DSU granted by Premium Resources (PRMLF) in January 2025?

The DSUs were granted at an effective price of CDN$1.00 per unit.

When were the Premium Resources (PRMLF) DSUs granted to directors?

The DSUs were granted on January 10, 2025, for services rendered in the quarter ended December 31, 2024.

What is the purpose of Premium Resources (PRMLF) DSU grants to directors?

The DSUs were granted as compensation for services rendered by the independent directors under the Company's Deferred Share Unit Plan.