Company Description
Premier Development & Investment, Inc. (OTC: PDIV), referred to as Premier, is a company focused on natural resource exploration and related interests. According to its public disclosures, Premier is engaged in lithium and uranium exploration in the United States, as well as rare earth exploration and certain oil and gas options. The company’s stock trades on the OTC market under the symbol PDIV.
Core business focus
Premier states that it is in the business of lithium and uranium exploration in Nevada through projects known as Silverpeak, Stonewall Flat and Hombre, which together encompass acreage measured in the thousands of acres. The company also reports rare earth exploration properties in New Mexico through a project referred to as Gallinas Mountains. In addition, Premier holds options over oil and gas wells in Oklahoma.
The company has disclosed that it has expanded its existing lithium and uranium exploration interests in Nevada by acquiring additional properties and staking further acreage. Premier has also reported that it amended existing agreements so that its exploration properties are 100% owned and controlled directly by Premier, removing minority interests and earn-in arrangements.
Strategic interests and related holdings
Premier reports that it holds a significant equity interest in GNCC Capital, Inc. (OTC: GNCP), a company described as being engaged in gold and silver exploration. Premier has disclosed that it holds a substantial percentage of the outstanding common stock of GNCC Capital, Inc. and has funded that company over an extended period. Premier has also indicated plans to increase its ownership stake in GNCC Capital, Inc.
The relationship between Premier and GNCC Capital, Inc. is highlighted in public statements from both companies, with GNCC Capital, Inc. identifying Premier as its largest shareholder and describing Premier as committed to the long-term growth of GNCC Capital, Inc. Premier has stated that it continues to explore options for its investment in GNCC Capital, Inc.
Capital structure and financing approach
Premier has described certain aspects of its capital structure and financing arrangements in its public communications. It has reported that a large portion of its outstanding common stock is subject to a multi‑year lock‑up agreement, resulting in what it characterizes as a small free float in the market. The company has indicated an intention to increase its free float in a measured way, subject to the willingness of certain note holders to convert their holdings.
Premier has also disclosed that holders of existing payment‑in‑kind notes and convertible loan notes transferred those instruments to an investment group, with the stated intention that these obligations will be converted into interest‑free and unsecured long‑term liabilities. The company has further stated that its existing financing arrangements are being renegotiated and that it has objectives related to obtaining cash to address general corporate expenses and mining exploration costs, with reference to the involvement of a specialist trading firm.
Operational approach to exploration
In its communications, Premier has stated that it is outsourcing exploration activity, including drilling, to a Nevada‑based geological company, under the guidance of a consulting geologist. This indicates a model in which Premier relies on external technical specialists for field work and technical operations on its exploration properties, while retaining ownership and control of the underlying assets.
Investor relations, communications and use of technology
Premier has emphasized efforts to strengthen its investor relations and communication channels. The company has described initiatives to complete and expand its corporate website, develop social media applications and web links, and upload mining reports and extensive company information. It has stated that it intends its website to act as a central information hub for investors, including press releases, financial reports, regulatory and OTCIQ filings, management updates and investor presentation materials.
Premier has also highlighted the involvement of external experts in investor relations, social media and website development. The company has noted that these external experts plan to use AI tools on Premier’s digital platforms, with the stated goal of increasing the company’s visibility and exposure on financial web platforms. Premier encourages stockholders and interested parties to sign up on its website and follow its social media accounts to receive information about press releases, financial reports, regulatory filings and other updates.
Relationship with GNCC Capital, Inc.
Public statements from GNCC Capital, Inc. describe Premier as its largest shareholder and indicate that Premier has raised, and intends to raise, its stake in GNCC Capital, Inc. to a substantial percentage of the outstanding common stock. GNCC Capital, Inc. has stated that Premier is committed to its long‑term growth and intends to remain a passive shareholder, without seeking a controlling interest, a takeover bid or acquisition of GNCC Capital, Inc.’s interests. GNCC Capital, Inc. has also disclosed that directors of GNCC Capital, Inc. serve on the board of Premier, and that transactions between the two companies are intended to be conducted on an arm’s‑length basis.
Status and sector classification
Although the industry classification provided for Premier references theater companies and dinner theaters within the arts, entertainment and recreation sector, Premier’s own public descriptions characterize its primary business as lithium and uranium exploration, rare earth exploration, and options over oil and gas wells, along with a significant equity interest in a gold and silver exploration company. Investors reviewing Premier should therefore focus on its stated activities in mineral and resource exploration and its disclosed financial and corporate arrangements.
Key points for investors
- Premier states that it is focused on lithium and uranium exploration in Nevada through projects known as Silverpeak, Stonewall Flat and Hombre.
- The company reports rare earth exploration properties in New Mexico through Gallinas Mountains.
- Premier holds options over oil and gas wells in Oklahoma.
- It discloses that its exploration properties are 100% owned and controlled directly by Premier following amendments to previous agreements.
- Premier holds a significant equity stake in GNCC Capital, Inc., a gold and silver exploration company quoted on the OTC market.
- The company has described efforts to adjust its capital structure, including the treatment of certain notes as interest‑free and unsecured long‑term liabilities.
- Premier reports that it outsources exploration activities to a Nevada‑based geological company under the guidance of a consulting geologist.
- It emphasizes ongoing development of its investor relations, website and social media presence, with external experts and the use of AI tools.
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SEC Filings
No SEC filings available for Premier Dev Invt.