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Premium Appoints Mining Finance Executive and Former Gatos Silver CFO Andre van Niekerk to the Board

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Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) has announced the appointment of André van Niekerk to its Board of Directors, effective immediately. Van Niekerk, who brings over 23 years of mining industry leadership experience, replaces retiring director Don Newberry.

Van Niekerk previously served as CFO of Gatos Silver and Nevada Copper Corp., where he led successful equity financings and debt restructurings. He also spent 14 years at Golden Star Resources in various senior financial and operational roles, ultimately serving as Executive VP and CFO.

Following this change, Premium's Board now consists of eight directors. Additionally, the company has granted 230,000 stock options to various stakeholders at an exercise price of C$0.49 per share with a five-year term. Of these options, 140,000 vest immediately, while 90,000 vest annually in equal thirds.

Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) ha annunciato la nomina di André van Niekerk nel Consiglio di Amministrazione, con effetto immediato. Van Niekerk, che vanta oltre 23 anni di esperienza nel settore minerario, sostituisce il direttore Don Newberry, recentemente andato in pensione.

In precedenza, Van Niekerk ha ricoperto il ruolo di CFO presso Gatos Silver e Nevada Copper Corp., dove ha guidato con successo operazioni di finanziamento azionario e ristrutturazioni del debito. Ha inoltre trascorso 14 anni in Golden Star Resources in diversi ruoli senior finanziari e operativi, arrivando a ricoprire la carica di Vicepresidente Esecutivo e CFO.

Dopo questa modifica, il Consiglio di Amministrazione di Premium è composto da otto membri. Inoltre, la società ha concesso 230.000 opzioni azionarie a vari stakeholder, con un prezzo di esercizio di C$0,49 per azione e una durata di cinque anni. Di queste opzioni, 140.000 sono immediatamente esercitabili, mentre 90.000 maturano annualmente in tre tranche uguali.

Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) ha anunciado el nombramiento de André van Niekerk en su Junta Directiva, con efecto inmediato. Van Niekerk, que aporta más de 23 años de experiencia en liderazgo en la industria minera, reemplaza al director Don Newberry, quien se retira.

Van Niekerk fue anteriormente CFO de Gatos Silver y Nevada Copper Corp., donde lideró exitosas financiaciones de capital y reestructuraciones de deuda. También trabajó durante 14 años en Golden Star Resources en diversos cargos financieros y operativos senior, llegando a ser Vicepresidente Ejecutivo y CFO.

Tras este cambio, la Junta Directiva de Premium está compuesta por ocho miembros. Además, la compañía ha otorgado 230,000 opciones sobre acciones a varios interesados, con un precio de ejercicio de C$0.49 por acción y un plazo de cinco años. De estas opciones, 140,000 se ejercitan inmediatamente, mientras que 90,000 se consolidan anualmente en tercios iguales.

Premium Resources (TSXV: PREM) (OTC Pink: PRMLF)는 André van Niekerk를 즉시 효력을 발휘하는 이사회 이사로 임명했다고 발표했습니다. 23년 이상의 광업 업계 리더십 경험을 가진 반 니에르크는 은퇴하는 이사 Don Newberry를 대체합니다.

반 니에르크는 이전에 Gatos Silver와 Nevada Copper Corp.에서 CFO로 근무하며 성공적인 자본 조달과 부채 구조조정을 이끌었습니다. 또한 Golden Star Resources에서 14년간 다양한 고위 재무 및 운영 역할을 수행했으며, 궁극적으로는 부사장 겸 CFO를 역임했습니다.

이번 인사 변경으로 Premium의 이사회는 총 8명의 이사로 구성됩니다. 또한 회사는 다양한 이해관계자에게 주당 행사 가격 C$0.49, 5년 만기 조건의 230,000주 스톡옵션을 부여했습니다. 이 중 140,000주는 즉시 행사 가능하며, 90,000주는 매년 3분의 1씩 행사 권리가 부여됩니다.

Premium Resources (TSXV : PREM) (OTC Pink : PRMLF) a annoncé la nomination de André van Niekerk au sein de son conseil d'administration, avec effet immédiat. Van Niekerk, qui possède plus de 23 ans d'expérience en leadership dans l'industrie minière, remplace le directeur sortant Don Newberry.

Van Niekerk a précédemment occupé le poste de CFO chez Gatos Silver et Nevada Copper Corp., où il a mené avec succès des levées de fonds en actions et des restructurations de dettes. Il a également passé 14 ans chez Golden Star Resources à divers postes financiers et opérationnels seniors, pour finalement devenir vice-président exécutif et CFO.

Suite à ce changement, le conseil d'administration de Premium est désormais composé de huit membres. De plus, la société a accordé 230 000 options d'achat d'actions à divers intervenants, au prix d'exercice de 0,49 C$ par action, avec une durée de cinq ans. Parmi ces options, 140 000 sont immédiatement acquises, tandis que 90 000 sont acquises annuellement par tiers égaux.

Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) hat die Ernennung von André van Niekerk in den Vorstand mit sofortiger Wirkung bekannt gegeben. Van Niekerk, der über 23 Jahre Führungserfahrung in der Bergbauindustrie verfügt, ersetzt den ausscheidenden Direktor Don Newberry.

Van Niekerk war zuvor CFO bei Gatos Silver und Nevada Copper Corp., wo er erfolgreiche Eigenkapitalfinanzierungen und Schuldenrestrukturierungen leitete. Zudem verbrachte er 14 Jahre bei Golden Star Resources in verschiedenen leitenden Finanz- und Betriebsfunktionen und war schließlich Executive VP und CFO.

Nach dieser Änderung besteht der Vorstand von Premium nun aus acht Mitgliedern. Zusätzlich hat das Unternehmen 230.000 Aktienoptionen an verschiedene Beteiligte zu einem Ausübungspreis von C$0,49 pro Aktie mit einer Laufzeit von fünf Jahren gewährt. Von diesen Optionen sind 140.000 sofort ausübbar, während 90.000 jährlich in gleichen Dritteln freigegeben werden.

Positive
  • Appointment of experienced mining finance executive with 23 years of industry leadership
  • New director brings strong track record in financial operations and successful equity financings
  • Board maintains strong composition with eight directors
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - April 24, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ("PREM" or the "Company") is pleased to announce the appointment of Mr. André van Niekerk to the Board of Directors of the Company. Mr. van Niekerk was appointed to the Board, effective immediately. Mr. van Niekerk's appointment will fill a vacancy arising from the retirement of Mr. Don Newberry as a director of the Company.

André van Niekerk brings over 23 years of progressive leadership experience in the mining industry, with a strong track record of financial and operational success. Most recently, André serves as the Chief Financial Officer for Gatos Silver prior to its acquisition by First Majestic. Previously he served as Chief Financial Officer of Nevada Copper Corp., where he played a pivotal role in transitioning the company from development to production and led multiple successful equity financings and debt restructurings.

Prior to that, André spent 14 years at Golden Star Resources, a gold producer operating in Ghana, where he held various senior financial and operational roles, ultimately serving as Executive Vice President and CFO. His career began with KPMG in South Africa and Denver in advisory and audit positions.

André holds accounting degrees from the University of South Africa and the University of Pretoria and is a Certified Public Accountant.

Mr. Newberry has been a director of the Company since August 2022 and served as the Chair of the Sustainability Committee and a member of the Audit Committee.

With Mr. Newberry's departure from the Board, and the appointment of Mr. van Niekerk as a director, the Board now consists of eight directors, namely, Paul Martin (Chair), André van Niekerk, Chris Leavy, James Gowans, Jason LeBlanc, Mark Christensen, Morgan Lekstrom and Norman MacDonald.

"I am pleased to welcome Mr. van Niekerk to the Board of Directors," said Paul Martin, Chairman of PREM. "André brings with him a wealth of knowledge, not only in finance but also through his extensive experience in transitioning companies through to development, including projects in Africa. As we continue to advance the Selebi and Selkirk mines, we remain focused on strengthening the board and ensuring we are well-equipped to navigate this exciting next phase of growth."

Paul Martin continued, "I would also like to express my sincere thank you to Mr. Newberry for his commitment and valuable contributions throughout his time with us. His hard work has been truly appreciated, and we wish him continued success in all his future endeavors."

Stock Option Grant

PREM also announces that, effective April 24, 2024, it has granted to certain directors, officers, employees and/or consultants of the Company and/or its subsidiaries an aggregate of 230,000 stock options of the Company ("Options") pursuant to the stock option plan of the Company.

The Options have an exercise price of C$0.49 per share and a five-year term from the date of grant. 140,000 of the Options vest immediately and the remaining 90,000 vest annually in equal thirds beginning on the date of grant.

About Premium Resources Ltd.

PREM 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.

For further information about Premium Resources Ltd., please contact:

Morgan Lekstrom
CEO and Director
morganl@premiumresources.com

Jaclyn Ruptash
Vice President, Communications and Investor Relations
+1 (604) 770-4334
jaclyn@premiumresources.com

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/249736

FAQ

What experience does André van Niekerk bring to Premium Resources (PRMLF)?

André van Niekerk brings 23 years of mining industry leadership experience, including CFO roles at Gatos Silver and Nevada Copper, plus 14 years at Golden Star Resources as Executive VP and CFO.

What are the terms of Premium Resources' (PRMLF) latest stock option grant?

Premium granted 230,000 stock options at C$0.49 per share with a five-year term. 140,000 options vest immediately, while 90,000 vest annually in equal thirds.

How many directors are now on Premium Resources' (PRMLF) board?

Following van Niekerk's appointment and Newberry's retirement, Premium Resources' board consists of eight directors.

What is André van Niekerk's professional background before joining PRMLF?

Van Niekerk was CFO at Gatos Silver and Nevada Copper, where he led equity financings and debt restructurings. He previously spent 14 years at Golden Star Resources and started his career at KPMG.
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