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Premium Nickel Resources Announces Filing of Q2 2023 Interim Condensed Consolidated Financial Statements
Toronto, Ontario--(Newsfile Corp. - August 29, 2023) - Premium Nickel Resources Ltd. (TSXV: PNRL) ("PNRL" or the "Company") announces today that the Company's u
About this update from Nexmetals Mining Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - August 29, 2023) - Premium Nickel Resources Ltd. (TSXV: PNRL) (\"PNRL\" or the \"Company\") announces today that the Company's unaudited interim financial statements and related management's discussion and analysis (\"MD&A\") for the three and six months ended June 30, 2023 have been filed on SEDAR+ (www.sedarplus.ca) and are available on the Company's website at http://www.premiumnickel.ca. Selected Financial Information The following amounts are derived from the Company's unaudited condensed interim consolidated financial statements prepared under IFRS. In Canadian dollars, except per share amounts June 30, 2023 June 30, 2022 Net profit (loss) (5,677,602) (24,235,060) Basic profit (loss) per share (0.05) (0.30) Dividends declared - - Share capital 111,457,672 28,389,799 Common shares issued 135,730,527 85,616,075 Weighted average shares outstanding 119,773,438 80,708,849 Total assets 65,641,778 24,661,359 Non-current financial liabilities 17,832,127 28,410,545 Investment in exploration and evaluation assets 39,583,472 17,282,590 Recent highlights include: The Company initiated the mobilization of three drills to carry out its 2023 underground drilling program at Selebi North. On June 28, 2023, the Company closed its financings with Cymbria Corporation, EdgePoint Investment Group Inc. and certain other entities managed by it, for aggregate gross proceeds of $33,999,200. On June 28, the Company repaid its indebtedness to Pinnacle Island LP in full including accrued interest and restatement fee in an aggregate amount of $7,637,329. The Company entered into a binding commitment letter with the Liquidator of BCL Limited, which is subject to customary final documentation, to acquire a 100% interest in two additional deposits (Phikwe South and Southeast Extension) located adjacent to and immediately north of the Selebi North historical workings. The Company strengthened its management team and Board of Directors with the addition of key personnel with experience in mining operations, finance and corporate governance. 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. We are driven by our belief ...