Premier Development & Investment, Inc. Confirms Material Acquisitions in Further Lithium and Uranium Exploration Properties
Globenewswire·2025-12-16 11:30

Core Viewpoint - Premier Development & Investment, Inc. has made significant expansions in its Lithium and Uranium exploration interests, particularly in Nevada, and is enhancing its shareholder engagement efforts after a long hiatus since 2021 [1][2]. Group 1: Company Developments - The company has expanded its Lithium and Uranium exploration interests in Nevada, acquiring "Hombre" (480 acres) and "Stonewall Flat" (1,245 acres), in addition to its existing "Silverpeak" property, totaling approximately 3,800 acres [2][3]. - All exploration properties are now 100% owned and controlled by the company, following amendments to existing agreements that removed minority interests and "Earn In" agreements [2]. - The company is outsourcing all exploration activities to a Nevada-based geological company under the guidance of a consulting geologist [2]. Group 2: Financial Restructuring - Holders of existing PIK Notes totaling $2 million and Convertible Loan Notes totaling $6 million have disposed of these to an investment group, converting them into interest-free and unsecured long-term liabilities [2]. - The company aims to achieve approximately $5 million in cash during Q1 through renegotiated financing arrangements, which will be managed by a specialist trading firm [2]. Group 3: Shareholder Engagement - The company is appointing an Investor Relations firm to enhance shareholder engagement and has engaged a social media company to establish its presence on major platforms [2]. - A comprehensive website is being developed to serve as a "one-stop shop" for investors, with daily updates planned [2]. Group 4: Ownership and Investments - Premier holds a 31% stake in GNCC Capital, Inc., a gold and silver exploration company, which is set to increase to 49% this month [2][3]. - The company has been the sole funder of GNCC and is exploring options for GNCC in light of the current strength in gold and silver markets [2].