OTC Markets Group Welcomes Premium Nickel Resources Ltd. to OTCQX
20 Enero 2023 - 6:00AM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for 12,000 U.S. and international securities, today announced
Premium Nickel Resources Ltd. (TSX-V: PNRL; OTCQX: PNRLF), a
Canadian company dedicated to the exploration and development of
high-quality nickel-copper + cobalt resources, has qualified to
trade on the OTCQX® Best Market. Premium Nickel Resources Ltd.
upgraded to OTCQX from the Pink® market.
Premium Nickel Resources Ltd. begins trading today on OTCQX
under the symbol “PNRLF” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S. investors.
For companies listed on a qualified international exchange,
streamlined market standards enable them to utilize their home
market reporting to make their information available in the U.S. To
qualify for OTCQX, companies must meet high financial standards,
follow best practice corporate governance and demonstrate
compliance with applicable securities laws.
B. Riley Securities acted as the company’s OTCQX sponsor.
About Premium Nickel Resources Ltd.
PNRL is a Canadian company dedicated to the
exploration and development of high-quality nickel copper + cobalt
resources. PNRL believes that the medium to long-term demand for
these metals will continue to grow through global urbanization and
the increasing replacement of internal combustion engines with
electric motors. Importantly, these metals are key to a low-carbon
future.
PNRL focuses its efforts on discovering world
class nickel sulphide assets in jurisdictions with rule of-law that
comply with PNRL's values and principles which surpasses the
highest industry standards. PNRL is committed to governance through
transparent accountability and open communication within our team
and our stakeholders.
PNRL maintains a skilled team that has worked on
over 100 projects collectively, accumulating over 400 years of
resource discoveries, mine development and mine re-engineering
experience on projects like Selebi and Selkirk. PNRL's team members
have on average more than 20 years of experience in every single
aspect of mine discovery and development, from geology to
operations.
On January 31, 2022, PNRL closed the acquisition
of PNRL's flagship asset, the Selebi Mine. The Selebi Mine includes
two shafts (Selebi and Selebi North shafts) and related
infrastructure (rail, power and water). Shaft sinking and plant
construction started in 1970. Mining concluded in October 2016 when
the operations were placed on care and maintenance due to a failure
in the separate and offsite processing facility. The Selebi Mine
was subsequently placed under liquidation in 2017. The proposed
work plan for the Selebi Mine includes diamond drilling which is
expected to be ongoing for up to 18 months. During that time,
additional metallurgical samples will be collected and sent for
more detailed studies. The underground infrastructure at Selebi
North will be upgraded to support an underground drilling program
as well as improved health & safety.
In addition, PNRL is evaluating direct and
indirect nickel asset acquisition opportunities globally, and also:
(i) holds 100% interest in the Selkirk Mine which was acquired in
August 2022 as well as four adjacent Prospecting Licenses in
Botswana, (ii) holds a 100% interest in the Maniitsoq property in
Greenland, which is a camp-scale permitted exploration project
comprising 3,048 square kilometres covering numerous high-grade
nickel-copper + cobalt-sulphide occurrences associated with norite
and other mafic-ultramafic intrusions of the Greenland Norite Belt;
(iii) holds a 100% interest in the Post Creek/Halcyon property in
Sudbury, Ontario which is strategically located adjacent to the
past producing Podolsky copper-nickel-precious metal sulphide
deposit of KGHM International Ltd.; (iv) holds a 100% ownership of
property in the Quetico region near Thunder Bay, Ontario; and (v)
is expanding its area of exploration interests into Morocco.
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
Premium Nickel Resources (TSXV:PNRL)
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