Evrima Plc Investee Update: PNRL Creation of PNRI Metals Group

 
TIDMEVA 
 
13 September 2022 
 
                                  Evrima plc 
 
                          ("Evrima" or the "Company") 
 
  Investee Update: Premium Nickel Resources Ltd announce Formation of Premium 
                  Nickel Resources International Metals Group 
 
Evrima is pleased to provide an update on its investee company, Premium Nickel 
Resources Ltd ("PNRL" or "Premium Nickel")(TSX-V: PNRL) with respect the 
creation of Premium Nickel Resources International Metals Group (PNR 
International Metals), a new metals division of the Company. 
 
Evrima holds 1,114,115 shares in TSX-V listed Premium Nickel Resources (TSX-V: 
PNRL), an intermediate global nickel copper-cobalt company with assets in 
Botswana, Greenland, Canada, and Morocco. PNRL is currently focussing its 
efforts on advancing its 100% owned flagship project, the Selebi Mines and 
Selkirk Mine in Botswana. 
 
PNR International Metals Group will develop direct relations with end consumers 
in the base metals markets, including electric vehicle ("EV") battery 
manufacturers, with the intent to bridge information gaps and provide the 
Company with critical access to world markets and real-time information that 
will aid in decisions involving the production and sale of the nickel, copper, 
cobalt and platinum group elements ("Ni-Cu-Co-PGE") that potentially could be 
produced principally from our 100% owned Selebi and Selkirk mines in Botswana. 
 
Simon Grant-Rennick, Evrima Plc Chairman, has been appointed as Managing 
Director of PNR International Metals Group. 
 
PNR International Metals Group is made up of internationally recognied 
individuals including Neil Jamieson, Simon Grant-Rennick and Christopher 
Messina. This globally positioned team brings a wealth of experience, 
leadership and a diverse knowledge of the capital and metals market, including 
industrial metals, pricing and trading, supply chain, international relations 
and nickel and copper mining and processing operations. The extensive expertise 
of PNR International Metals will be leveraged to provide insight on 
technological developments and potential new product iterations of nickel and 
copper with the added benefit of constant flow of information to the Company as 
to the requirements and characteristics of new battery developments, commodity 
pricing and related commodity deal structures. 
 
The Directors of Evrima accept responsibility for this announcement. 
 
This announcement contains information which, prior to its disclosure, was 
inside information as stipulated under Regulation 11 of the Market Abuse 
(Amendment) (EU Exit) Regulations 2019/310 (as amended). 
 
                                     Ends - 
 
Enquiries  : 
 
Company: 
Burns Singh Tennent-Bhohi (CEO & Director): [e-mail] 
 
Simon Grant-Rennick (Executive Chairman): [e-mail] 
 
Novum Securities Limited (AQSE Corporate Adviser): 
 
David Coffman / Lucy Bowden: + 44 (0) 20 7399 9400 
 
About PNR 
 
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 
urbanisation and the increasing replacement of internal combustion engines with 
electric motors. Importantly, these metals are key to a low-carbon future. PNRL 
maintains a skilled team with strong financial, technical and operational 
expertise to take an asset from discovery to exploration to mining. 
 
PNRL has focused its efforts on discovering world class nickel sulphide assets 
in jurisdictions with rule-of-law that fit a strict criteria that comply with 
PNRL's values and principles which stand up and surpass the highest acceptable 
industry standards. PNRL is committed to governance through transparent 
accountability and open communication within our team and our stakeholders. 
 
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 improve health & safety. 
 
In addition, PNRL is evaluating direct and indirect nickel asset acquisition 
opportunities globally, and also: (i) holds 100% interest in the Selkirk Mining 
Licence and four 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 interest into Morocco. 
 
 
 
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September 13, 2022 02:00 ET (06:00 GMT)