Premium Nickel Resources
Primary ticker: TSX-V: PNRL
Stage of development: Exploration, Development
Primary minerals: Copper-Nickel-Cobalt-Platinum Group Elements
Project to promote: Selebi-Phikwe Mine and Selkirk Mine
Project location: Botswana
Website: www.premiumnickel.com
PNRL is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.
PNRL 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. PNRL’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.
Cash: CAD$28M
Debt: CAD$18.4M
Major shareholders:
EdgePoint Wealth Management Inc. – 13%
Management Ownership – 30%
Financials
Management Profile
Keith Morrison, CEO, Over 40 years of global experience in the resources sector with an accomplished background in strategy, finance, exploration, technology, global operations, capital markets and corporate development. Formerly, Mr. Morrison co-founded two significant Canadian-based success stories, Quantec, a world-leader in deep sub-surface imaging technologies, and QGX, a Canadian-based public exploration company which operated in Mongolia prior to its acquisition. Since 1986, Mr. Morrison has continuously served on private and public company Board of Directors, and senior management teams as CEO. During this period, he has been in leadership positions through multiple commodity cycles and several black swan events. He is currently CEO and member of the Board of Directors of PNRL.
Norman MacDonald, Director, Over 25 years of experience working at natural resource focused institutional investment firms, including over 10 years as a Senior Portfolio Manager at Invesco. He recently served as Senior Advisor, Natural Resources at Fort Capital from February 2021 until June 24, 2024. Mr. MacDonald began his investment career at Ontario Teachers’ Pension Plan Board, where he worked for three years in progressive roles from Research Assistant to Portfolio Manager. His next role was as a VP and Partner at Beutel, Goodman & Co. Ltd. Prior to joining Invesco, he was a VP and Portfolio Manager at Salida Capital. Mr. MacDonald is a director and Chair of the Board at Osisko Gold Royalties. He holds a Bachelor of Commerce Degree from the University of Windsor and is a CFA Charterholder.
What is your rationale for taking part in 121 Mining Investment?
Strategic Capital to Support Development and Exposure to the Opportunity
What recent news would you like to highlight to investors attending?
October 28, 2024 – Selkirk Deposit Provides Strong Historic Drill Core Results Including 186.25 Metres of 1.65% CuEq or 0.96% NiEq
Sept 20 2024 – Files NI 43-101 Technical Report: Initial Mineral Resource Estimate of 27.7 MT for the Selebi Mine in Botswana
What do you think makes your company such a compelling investment?
The past-producing, polymetallic Selebi and Selkirk mines are permitted with key infrastructure in place, significantly reducing upfront costs and timelines. The mines also come with existing resources and significant upside potential for resource expansion, all situated within a top tier mining jurisdiction.
What are the top 3 key investor takeaways?
Strategic Access to Critical Metals: Past-Producing and Permitted World-Class Mines with Significant Resource Upside Potential
Established Infrastructure: Two Existing Shafts, Power, Water, Rail and Road, Reducing Costs and Timelines
Near Term Production: Targeting Start of Production H2 2027 to H1 2028