- Premium Nickel Resources (PNRL) has created a new metals division, Premium Nickel Resources International Metals Group (PNR International Metals)
- PNR International Metals will provide insight on technological developments and potential new product iterations of nickel and copper, as to the requirements and characteristics of new battery developments, commodity pricing and related commodity deal structures
- PNR International Metals will develop direct relations with end consumers in the base metals markets, including electric vehicle battery manufacturers, to bridge information gaps and provide the company with critical access to world markets
- Premium Nickel Resources Ltd. (PNRL) is up 3.19 per cent to $1.94 a share at 11:25 am ET
Premium Nickel Resources (PNRL) has created a new metals division, Premium Nickel Resources International Metals Group (PNR International Metals).
PNR International Metals is made up of internationally recognized individuals who will provide insight on technological developments and potential new product iterations of nickel and copper and provide a constant flow of information to the company about the requirements and characteristics of new battery developments, commodity pricing and related commodity deal structures.
The company’s CEO, Keith Morrison commented,
“PNR International Metals will develop direct relations with end consumers in the base metals markets, including electric vehicle 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 that potentially could be produced principally from our 100 per cent owned Selebi and Selkirk mines in Botswana.”
PNR’s management team comprises Neil Jamieson, a Canadian financial executive; Simon Grant-Rennick, a mining engineer with more than 40 years of experience in exploration, mining and sales; and Christopher Messina, an investment banker with over 20 years of experience in the capital markets.
PNR International Metals’ President, Neil Jamieson, noted that the substitution of electric motors for internal combustion engines and the integration of batteries in renewable energy platforms are primary strategies for the world to transition to a decarbonized energy-dependent future and reduction in greenhouse gas emissions.
“The success of the EV market and electrification is expected to drive new demand growth in copper, nickel, and cobalt for the next few decades. PNR International Metals believes that new sources of supply to meet this increased demand are limited due to a low investment level in exploration for base metals, increasingly complicated regulatory environments, deeper, lower-grade orebodies and inflation in both CAPEX and OPEX. However, automotive manufacturers have been quick to begin transitioning to EVs to align themselves with global social expectations and are actively sourcing a new and direct supply of the key commodities required to commercialize the technologies supporting electrification, including EVs. PNR International Metals will produce real time data from end users that will refine our understanding of manufacturer requirements and PNRL’s ability to use this data when shaping its scoping studies.”
Premium Nickel (PNRL) is a Canadian company dedicated to the exploration and development of high-quality Ni-Cu-Co resources.
Premium Nickel Resources Ltd. (PNRL) is up 3.19 per cent to $1.94 a share at 11:25 am ET.
