Evrima Plc Update by Investee Company
March 25 2021 - 2:00AM
UK Regulatory
TIDMEVA
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS AMENDED ("MAR") OR EQUIVALENT, TRANSITIONAL REGULATIONS IN
THE UNITED KINGDOM. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY
INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
Evrima plc
AQSE: EVA
("Evrima" or the "Company")
Evrima plc Investee Update: Premium Nickel Resources Awarded Exclusivity to
Acquire Former BCL Assets in Botswana
Evrima plc is pleased to provide a corporate update published today by one of
the Company's investee's, Premium Nickel Resources Corporation ("PNR"):
"Premium Nickel Resources Awarded Exclusivity to Acquire Former BCL Assets in
Botswana
(as released by Premium Nickel Resources Corporation and visible at Premium
Nickel Resources Press Release 24-3-2021)
Toronto, Ontario, March 24, 2021 - Premium Nickel Resources ("PNR") is pleased
to announce that it has completed the Exclusivity Memorandum of Understanding
("MOU") with the Liquidator which will govern a six-month exclusivity period to
complete its due diligence and related purchase agreements on the Botswana
nickel-copper-cobalt ("Ni-Cu-Co") assets formerly operated by BCL Limited ("BCL
"), that are currently in liquidation.
On February 10, 2021, the Honourable, Lefoko Moagi, the Minister of Mineral
Resources, Green Technology and Energy Security of Botswana, affirmed in
Parliament a press release by the Liquidator for the BCL Group of Companies,
stating that PNR was selected as the preferred bidder to acquire assets
formerly owned by BCL.
PNR will now start an estimated six-month systematic due diligence program.
During this period, PNR will complete an environmental assessment, a
metallurgical study, a review of legal and social responsibilities, a review of
the mine closure and rehabilitation plans and an on-site inspection of the
legacy mining infrastructure and equipment that has been under care &
maintenance. Concurrent with this due diligence program PNR will negotiate
definitive agreements to finalize terms on the prioritized assets to be
purchased.
PNR CEO, Keith Morrison commented,
"The World, Botswana and the mining industry have changed dramatically since
mining first started at the former BCL assets in the early 1970s. The
nickel-copper-cobalt resources remaining at these mines are now critical
metals, required for the continued development of a decarbonized and
electrified global economy. As we move forward, it is our goal to demonstrate
the potential economics of redeveloping a combination of the former BCL assets
to produce Ni-Cu-Co and water in a manner that is inclusive of modern
environmental, social and corporate governance responsibilities. To attain
this, extensive upgrades to infrastructure will be required with an emphasis on
safety, sustainability and the application of new technologies to minimize the
environmental impact and total carbon footprint for the new operations. Our
team remains committed to working with the local communities and all of the
stakeholders throughout this period and we encourage anyone with questions or
feedback to reach out to us directly."
PNR continues to monitor the global Covid-19 developments and is committed to
working with health and safety as a priority and in full respect of all
government and local Covid-19 protocol requirements. PNR has developed Covid-19
travel, living and working protocols in anticipation of moving forward to on
site due diligence. PNR is ensuring to integrate these protocols with the
currently applicable protocols of The Government of Botswana and surrounding
communities.
About Premium Nickel Resources Corporation
PNR is a Canadian company dedicated to the exploration and development of
high-quality nickel-copper- cobalt (Ni-Cu-Co) resources. We believe that the
medium to long-term demand for these metals will grow through continued global
urbanization and the increasing replacement of internal combustion engines with
electric motors. Importantly, these metals are key to a low?carbon future.
PNR maintains a skilled team with strong financial, technical and operational
expertise to take an asset from discovery to exploration to mining.
PNR 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
PNR's values and principles which stand up against the highest acceptable
industry standards. We are committed to governance through transparent
accountability and open communication within our team and our stakeholders.
ON BEHALF OF THE BOARD OF DIRECTORS
Charles Riopel
Chairman of the Board
Premium Nickel Resources Corporation
For more information contact:
Premium Nickel Resources Corporation
130 Spadina Avenue, Suite 401 Toronto, Ontario, Canada M5V 2L4
info@premiumnickelresources.ca
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" and "forward-looking information"
under applicable Canadian securities legislation concerning the business,
operations and financial performance and condition of PNR. Forward-looking
statements and forward-looking information includes, but is not limited to,
statements about the ability of PNR to access capital, any spending
commitments, the success of exploration activities, the future economics of
minerals including nickel and copper, the benefits of the development potential
of the properties of PNR, the benefits of drilling and advancement of projects.
Forward-looking information is necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors, which may cause the actual results and
future events to differ materially from those expressed or implied by such
forward-looking information. There can be no assurance that such information
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly, readers
should not place undue reliance on forward-looking information. All
forward-looking information contained in this press release is given as of the
date hereof and is based upon the opinions and estimates of management and
information available to management as at the date hereof. PNR disclaims any
intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as
required by law.
Although PNR has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be anticipated, estimated or intended. Statements
concerning mineral reserve and resource estimates may also be deemed to
constitute forward-looking statements to the extent they involve estimates of
the mineralization that will be encountered if the property is developed."
Evrima plc: Investment Interest in PNR
Evrima plc, has completed its investment commitment under the terms of the
subscription agreement entered into with Premium Nickel Resources Corporation.
Since July 2020, Evrima has accumulated through private placement participation
1,000,000 shares of PNR representing 1.37% of the latter's issued share
capital.
The Company,
London, 24th March 2021
The Directors of the Company, who have issued this RIS announcement after due
and careful enquiry, accept responsibility for its content.
REGULATORY ANNOUNCEMENT ENDS.
Enquiries
Company:
Burns Singh Tennent-Bhohi (CEO & Director)
burns@evrimaplc.com
Simon Grant-Rennick (Executive Chairman)
simon@evrimaplc.com
Guy Miller (Non-Executive Director)
Direct Office Line: +44 (0) 20 3778 0755
Keith, Bayley, Rogers & Co. Limited (AQSE Corporate Adviser):
Graham Atthill-Beck: +44 (0) 20 7464 4091; +44 (0) 7506 43 41 07; +971 (0) 50
856 9408; Graham.Atthill-Beck@kbrl.co.uk; blackpearladvisers@gmail.com
Peterhouse Capital Limited (Corporate Stockbroker):
Lucy Williams: +44 (0) 20 7469 0930
Duncan Vasey: +44 (0) 20 7220 9797 (Direct)
END
(END) Dow Jones Newswires
March 25, 2021 03:00 ET (07:00 GMT)
Evrima (AQSE:EVA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Evrima (AQSE:EVA)
Historical Stock Chart
From Jul 2023 to Jul 2024
