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Premium Nickel Resources Ltd. Announces Board Changes

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Premium Nickel Resources (TSXV: PNRL) has announced significant changes to its Board of Directors. Paul Martin, a seasoned mining executive with over 30 years of experience, has been appointed to the Board, filling the vacancy left by the retiring John Hick. Martin brings extensive expertise in mining finance, strategic planning, and project development, having served in leadership roles at various mining companies listed on major exchanges.

The Board now consists of eight directors, including James Gowans as Chair. CEO Keith Morrison welcomed Martin, highlighting his potential contributions to PNRL's plans for redeveloping its Botswana mines. Morrison also thanked Hick for his service and leadership during his tenure as a Director of PNRL and North American Nickel.

Premium Nickel Resources (TSXV: PNRL) ha annunciato significative modifiche al proprio Consiglio di Amministrazione. Paul Martin, un esperto dirigente del settore minerario con oltre 30 anni di esperienza, è stato nominato nel Consiglio, riempiendo il posto lasciato dal pensionamento di John Hick. Martin porta con sé una vasta esperienza in finanza mineraria, pianificazione strategica e sviluppo di progetti, avendo ricoperto ruoli di leadership in diverse aziende minerarie quotate su scambi importanti.

Il Consiglio è ora composto da otto direttori, con James Gowans come Presidente. Il CEO Keith Morrison ha accolto Martin, evidenziando il suo potenziale contributo ai piani di PNRL per il rilancio delle sue miniere in Botswana. Morrison ha inoltre ringraziato Hick per il suo servizio e per la leadership dimostrata durante il suo mandato come Direttore di PNRL e North American Nickel.

Premium Nickel Resources (TSXV: PNRL) ha anunciado cambios significativos en su Junta Directiva. Paul Martin, un experimentado ejecutivo minero con más de 30 años de experiencia, ha sido nombrado en la Junta, ocupando el lugar dejado por el que se retira John Hick. Martin aporta una amplia experiencia en finanzas mineras, planificación estratégica y desarrollo de proyectos, habiendo ocupado roles de liderazgo en diversas empresas mineras cotizadas en bolsas importantes.

La Junta ahora consta de ocho directores, incluyendo a James Gowans como Presidente. El CEO Keith Morrison dio la bienvenida a Martin, destacando sus posibles contribuciones a los planes de PNRL para redevelopar sus minas en Botsuana. Morrison también agradeció a Hick por su servicio y liderazgo durante su mandato como Director de PNRL y North American Nickel.

프리미엄 니켈 리소스(구급: PNRL)는 이사회에 대한 중요한 변화를 발표했습니다. 폴 마틴은 30년 이상의 경력을 가진 숙련된 광산 경영자로, 은퇴하는 존 히크의 자리를 채우기 위해 이사회에 임명되었습니다. 마틴은 주요 증권 거래소에 상장된 여러 광산 회사에서 리더십 역할을 수행하며, 광산 금융, 전략 계획 및 프로젝트 개발에 대한 폭넓은 전문 지식을 가지고 있습니다.

현재 이사회는 제임스 고완스 의장을 포함하여 총 8명의 이사로 구성되어 있습니다. CEO 키스 모리슨은 마틴을 환영하며, 그의 보츠와나 광산 재개발 계획에 대한 기여 가능성을 강조했습니다. 모리슨은 또한 PNRL 및 노스 아메리카 니켈 이사로서의 하의 서비스와 리더십에 감사했습니다.

Premium Nickel Resources (TSXV: PNRL) a annoncé des changements significatifs au sein de son conseil d'administration. Paul Martin, un cadre expérimenté dans le secteur minier avec plus de 30 ans d'expérience, a été nommé au conseil, comblant le poste laissé vacant par le départ à la retraite de John Hick. Martin apporte une vaste expertise en finance minière, planification stratégique et développement de projets, ayant occupé des postes de direction dans diverses entreprises minières cotées sur des bourses majeures.

Le conseil est désormais composé de huit membres, avec James Gowans en tant que président. Le PDG Keith Morrison a accueilli Martin, soulignant ses contributions potentielles aux plans de PNRL pour la réhabilitation de ses mines au Botswana. Morrison a également remercié Hick pour son service et son leadership durant son mandat en tant que directeur de PNRL et North American Nickel.

Premium Nickel Resources (TSXV: PNRL) hat bedeutende Änderungen im Vorstand bekannt gegeben. Paul Martin, ein erfahrener Bergbau-Manager mit über 30 Jahren Erfahrung, wurde in den Vorstand berufen und füllt die Lücke, die der scheidende John Hick hinterlassen hat. Martin bringt umfassende Expertise in Bergbau-Finanzierung, strategischer Planung und Projektentwicklung mit, nachdem er in führenden Positionen bei verschiedenen an wichtigen Börsen notierten Bergbauunternehmen tätig war.

Der Vorstand besteht jetzt aus acht Direktoren, darunter James Gowans als Vorsitzender. CEO Keith Morrison begrüßte Martin und hob seine möglichen Beiträge zu PNRLs Plänen zur Neuentwicklung seiner Minen in Botswana hervor. Morrison bedankte sich auch bei Hick für seinen Dienst und seine Führung während seiner Amtszeit als Direktor von PNRL und North American Nickel.

Positive
  • Appointment of Paul Martin, an experienced mining executive, to the Board of Directors
  • Martin brings over 30 years of experience in mining finance, strategic planning, and project development
  • Potential for Martin's expertise to contribute to the redevelopment plans of PNRL's Botswana mines
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - September 19, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) ("PNRL" or the "Company") is pleased to announce the appointment of Mr. Paul Martin to the Board of Directors of the Company. Mr. Martin was appointed to the Board effective immediately, to fill a vacancy resulting from the retirement from the Board of Mr. John Hick.

Mr. Martin is a mining executive with over thirty years' experience at the CEO, CFO and director levels, in challenging and changing corporate environments. He has gained significant experience through his various roles at multi-operational mining, royalty and exploration companies listed on the Toronto Stock Exchange, TSX Venture Exchange and New York Stock Exchange. He currently serves as the Chair of the Board of Red Pine Exploration and as a director of Osisko Bermuda Limited. Mr. Martin was interim CEO at Osisko Gold Royalties Ltd. from July to December 2023 and at Red Pine Exploration from March to August 2024, in each case during CEO transition periods. He was previously President and CEO at Detour Gold Corporation from 2013 to 2018 and, prior to that, CFO at Detour from 2008 until 2013. He played a significant role on the senior executive team that permitted, completed a bankable feasibility study, financed, constructed and brought into operation the large-scale Detour Lake gold mine. Mr. Martin has worked in various senior financial roles at New Gold Inc., Gabriel Resources Ltd. and TVX Gold Inc. He has significant experience in governance matters related to publicly listed companies and holds the designation of CPA, CA.

John Hick has been a director of the Company since August, 2022, and prior to that Mr. Hick was a director of the Company's predecessor, North American Nickel, Inc., from February 2021. Mr. Hick has served at various times as the Lead Director of the Company, the Chair of its Audit Committee and the Chair of its Compensation Committee.

With Mr. Hick's retirement from the Board, and the appointment of Mr. Martin as a director, the Board now consists of eight directors, namely James Gowans (Chair), Mark Christensen, Jason LeBlanc, Norman MacDonald, Paul Martin, Keith Morrison, Don Newberry and William O'Reilly.

Keith Morrison, CEO of PNRL, commented: "I welcome Paul to PNRL. Paul brings to the Board the benefit of his many years of direct relevant experience in international mining finance, strategic planning, project development and operations, and governance. He has important contributions to make as we move forward with our plans for the redevelopment of the Company's Botswana mines. I want to acknowledge and thank John Hick for his contributions to the growth and development of the Company during his tenure as a Director of PNRL and of North American Nickel, and in particular for his leadership in various roles at the Board level and for his continuing support and commitment to the success of the Company."

About Premium Nickel Resources Ltd.

PNRL 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.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

Keith Morrison
Director and Chief Executive Officer
Premium Nickel Resources Ltd.

For further information about Premium Nickel Resources Ltd., please contact:
Jaclyn Ruptash
Vice President, Communications and Government and Investor Relations
+1 (604) 770-4334

Cautionary Note Regarding Forward-Looking Statements:

Certain statements contained in this news release may be considered "forward-looking statements" within the meaning of applicable Canadian securities laws, including: the intention to add new directors to the Board, anticipated key qualifications of such new directors, the intention to appoint an independent Chair of the Board and the intention to advance the Company's Botswana assets. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward-looking statements are not guarantees of performance. Words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate", "continue", or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements reflects assumptions that management believes to be appropriate in the circumstances. The Company considers its assumptions to be reasonable based on information currently available but cautions the reader that their assumptions regarding future events, many of which are beyond the control of the Company, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Company and its businesses.

The forward-looking statements set forth herein concerning the Company reflect management's expectations as at the date of this news release and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

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/223845

FAQ

Who has been appointed to the Board of Directors of Premium Nickel Resources (TSXV: PNRLF)?

Paul Martin, a mining executive with over 30 years of experience, has been appointed to the Board of Directors of Premium Nickel Resources (TSXV: PNRLF), effective immediately.

What is Paul Martin's background in the mining industry?

Paul Martin has over 30 years of experience at the CEO, CFO, and director levels in mining companies. He has worked with multi-operational mining, royalty, and exploration companies listed on major stock exchanges, including roles at Detour Gold , New Gold Inc., and Gabriel Resources

Who has retired from the Board of Directors of Premium Nickel Resources (TSXV: PNRLF)?

John Hick has retired from the Board of Directors of Premium Nickel Resources (TSXV: PNRLF). He had been a director since August 2022 and previously served on the board of the company's predecessor, North American Nickel, Inc.

How many directors are now on the Board of Premium Nickel Resources (TSXV: PNRLF)?

Following the appointment of Paul Martin and the retirement of John Hick, the Board of Premium Nickel Resources (TSXV: PNRLF) now consists of eight directors.

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