Every unit was priced at C$0.78 and consisted of 1 widespread share and one widespread share buy warrant. Every warrant entitles the holder to amass one further widespread share for C$1.10 for a interval of 60 months.
Premium Nickel has two totally permitted nickel-copper-cobalt mine redevelopment tasks – the Selebi mine previously owned by BCL and Tati’s former Selkirk mine – within the African nation.
The Selebi mine opened in 1980 and operated for 36 years producing nickel and copper till it was placed on care and upkeep in 2016. The mine has two shafts – the 1,140-metre Selebi shaft and the 970-metre Selebi North. The Selebi north shaft was in manufacturing from 1990 to 2016, additionally producing nickel and copper.
Manufacturing started on the Selkirk nickel-copper mine in 1989 and lasted till 2002. The historic useful resource estimate is 165.3 million tonnes grading 0.28% nickel and 0.24% copper, utilizing a cut-off grade of 0.15% nickel.