Last month, a consortium of institutional investors made sizable early bets on the future of Premium’s Botswana assets. A March 2025, $46 million non-brokered equity financing included the participation of the Fiore Management and Advisory Corporation, headed by Frank Giustra.

Canada, 16th Apr 2025 – Sponsored content disseminated on behalf of Premium Resources. On April 10, 2025, Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) outlined a six-month plan to advance its two permitted, previously producing copper, nickel and cobalt mines in Botswana, a Tier 1 mining jurisdiction in Africa, known for its diamond mines.

Last month, a consortium of institutional investors made sizable early bets on the future of Premium’s Botswana assets. A March 2025, $46 million non-brokered equity financing included the participation of the Fiore Management and Advisory Corporation, headed by Frank Giustra.

The underground Selebi Mines were in production between 1980 and 2016. Both Selebi and Selebi North mines, having produced 40 million tonnes of ore, were put into Care & Maintenance due to low metal prices and a failure of the on-site smelter. The underground Selkirk Mine operated between 1989 and 2002 and produced 1 million tonnes of high-grade ore. 

“The mining laws in Botswana are similar to those in Canada,” Morgan Lekstrom told Guy Bennett, CEO of Global Stocks News (GSN). “It’s a positive environment for Canadian mining corporations to operate. Botswana follows the same environmental and regulatory rules that we are accustomed to.”

Currently, diamonds account for around 80% of Botswana’s exports, one-third of fiscal revenues, and one-quarter of GDP. The country is the world’s largest diamond producer by value.

“I’ve had the privilege of meeting President Duma Boko,” Lekstrom continued. “He is a Harvard Law School graduate, a passionate politician and a sharp businessman. Boko wants to expand Botswana’s extraction industry beyond diamonds. It’s a smart move. They have the commodities, a skilled workforce and the capacity for ample solar power generation.”

Recent interest in the Selebi and Selkirk Mines has been catalysed by a surge in demand for critical metals required for the green energy transformation (Solar, EVs).  In the last five years, as demand drivers intensify, the price of copper has increased 92% – from USD $2.36/lb to $4.50/lb.

Premium Resource’s 6-month targeted milestones:

Exploration and Development

Selebi Main Surface Drilling Program to Target a Potential 3rd Horizon – An initial surface exploration drill program is extending historic drill holes, targeting a large Borehole Electromagnetic (BHEM) plate that could represent a new mineralized horizon 150 metres beneath the Selebi Main resource.

“BHEM results correlate directly with massive sulphides,” Lekstrom told GSN. “It can help identify and locate conductive ore bodies.”

Hinge Drilling Between Selebi Mine Deposits – Surface drilling program targeting BHEM plates in the untested 2-kilometre-long area between the Selebi North and Selebi Main deposits referred to as the hinge. These BHEM targets potentially represent additional mineralization between the two deposits. 

Selebi North Underground Resource Expansion Drilling – Exploring along strike, down-dip and down-plunge of the Mineral Resource Estimate footprint, targeting resource expansion and focusing on areas with strong BHEM response from the N3, N2 and South Limbs.

Selebi Mine Underground Development – Development of a dual-purpose exploration drift from Selebi North is set to commence soon. This will permit both in-fill drilling and exploration drilling at Selebi North.

Selkirk – Surface drilling program for resource expansion and metallurgical test work samples for flowsheet development. The drill core from this program will also be used for preliminary XRT pre-concentration studies.

Advancing Project Economics 

Metallurgical Sampling and Testing – Selebi flotation studies ongoing.

Evaluating XRT (“X-ray Transmission”) ore sorting – potential to have a significant impact on waste rock removal, which positively impacts the head feed grade to the concentrate flowsheet, with potential application at both Selebi and Selkirk. 

Evaluating IDEON Technologies for applying Muon Tomography to create 3D density maps of subsurface mineralization at Selebi and Selkirk.

“We are embarking on an accelerated growth curve that will not only highlight the scale of Selebi and the significance of the hinge zone, but also address key metallurgical questions,” stated Lekstrom in the April 10, 2025 press release.

“The high-grade poly-metallic nature of Selebi, its substantial size, our upcoming drilling and the planned metallurgical work are the critical and simultaneous steps in the larger vision of potentially building a world-class, generational critical metals project,” added Lekstrom.

“China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world,” reported the New York Times (NYT) on April 13, 2025.

“Shipments have been halted at many Chinese ports while the Chinese government drafts a new regulatory system,” added the NYT. “Once in place, the new system could permanently prevent supplies from reaching certain companies, including American military contractors.”

“The official crackdown is part of China’s retaliation for President Trump’s sharp increase in tariffs that started on April 2, 2025,” added the NYT.

Concurrent with the March 18, 2025 $46 million financing, PREM announced that the Cymbria Corporation, an affiliate of PREM’s largest shareholder, EdgePoint Investment Group, converted $20.8 million of debt into shares.  EdgePoint manages about $40 billion in global assets.

The $67 million total recapitalization of PREM is a validation of the premise that Selebi and Selkirk can play a role in helping the Western world to decouple from China’s critical mineral supply chains.

The technical information presented in this news release has been reviewed and approved by Sharon Taylor, Vice President Exploration, who is the Qualified Person for technical disclosure at Premium Resources, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”. 

Contact: guy.bennett@globalstocksnews.com

Disclaimer: Premium Resources paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content. 

Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk. GSN publications may contain forward-looking statements such as “project,” “anticipate” and “target,” which are based on reasonable expectations, but these statements are imperfect predictors of future events. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly. 

Since its establishment in 2008, NordFX has consistently embraced technological advancements to enhance the trading experience for its clients. Over the years, the company has integrated cutting-edge tools and platforms, reflecting the evolving landscape of financial markets.

Integration of MetaTrader Platforms

NordFX offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, catering to a diverse range of trading preferences. MT5, in particular, provides traders with enhanced features such as multiple timeframes, advanced order execution types, and comprehensive real-time technical analysis tools. The platform also supports the development and testing of custom indicators and scripts through the MetaQuotes Language 5 (MQL5), facilitating personalized trading strategies. 

Embracing Algorithmic Trading

Recognizing the shift towards automation, NordFX has incorporated algorithmic trading capabilities into its services. This approach allows for the execution of trades based on predefined criteria, reducing human error and enabling rapid response to market changes. The integration of artificial intelligence and machine learning further refines these strategies, offering traders adaptive and predictive tools to navigate complex market dynamics. 

Adoption of AI and Neural Networks

NordFX has explored the application of neural networks and artificial intelligence in trading. These technologies process vast amounts of data to identify patterns and trends, assisting traders in making informed decisions. The use of AI-driven tools exemplifies NordFX commitment to leveraging cutting-edge solutions to meet the demands of modern trading environments. 

Diversification of Trading Instruments

Over the years, NordFX has expanded its range of tradable assets to include forex, cryptocurrencies, commodities, and indices. This diversification enables traders to explore various markets and implement strategies across different asset classes, reflecting the company’s adaptability to the evolving interests of its clients. 

Introduction of Automated Withdrawal System

In response to the growing demand for efficient fund management solutions, NordFX introduced an automated withdrawal feature in 2024. This service processes 84% of withdrawal requests automatically, providing clients with 24/7 access to their funds through various methods, including bank transfers, e-wallets, and cryptocurrency payment systems.  

“We are always looking for ways to improve the trading experience for our clients,” said Vanessa Polson, Marketing Manager at NordFX. “The introduction of automated withdrawals is a direct response to the growing demand for faster and more efficient fund management solutions. With this new feature, traders can now access their funds with ease, whether for reinvestment or personal use, without any delays.” 

NordFX journey since 2008 illustrates a continuous effort to integrate advanced technologies into its trading services. By adopting sophisticated platforms, embracing algorithmic and AI-driven trading, expanding its asset offerings, and introducing automated fund management solutions, NordFX demonstrates a commitment to providing tools that align with the progressive nature of financial markets.  

Hong Kong — The Office for Attracting Strategic Enterprises (OASES) of the Hong Kong SAR government signed cooperation agreements on April 8th with 18 innovative firms. Among the signatories was IceKredit, a Shanghai-based artificial intelligence company focused on enterprise-level solutions. The agreement was signed under the witness of Financial Secretary Paul Chan.

Dr. Gu Lingyun, founder and chairman of IceKredit, delivered a video message during the signing ceremony, while Duan Wan, Chief Operating Officer of IceKredit’s international business, signed the agreement on behalf of the company.

The latest batch of strategic enterprises includes companies from a range of sectors—advanced manufacturing, AI and data science, new energy technology, fintech, and life and health technology. Participants in this round include Ant Digital Technologies, Baidu Intelligent Driving, Li Auto, China Mobile Innovation Institute (Hong Kong), and Qifu Technology.

In his remarks, Mr. Chan said that Hong Kong treasures not only the investments, jobs and expertise that the strategic enterprises bring to Hong Kong, but also their products and solutions that will transform people’s ways of life and inspire new innovation. Their very presence supports Hong Kong’s vision of becoming an international innovation and technology centre.

Over 80 strategic enterprises have established a presence in Hong Kong in the past two years. These companies are expected to invest nearly HKD 50 billion and create more than 20,000 jobs, accelerating the city’s push toward new industrialization and economic diversification.

Cooperation Agreement Between Hong Kong Government and IceKredit

Dr. Gu said that Being recognized as a Strategic Enterprise by the Hong Kong government is a tremendous encouragement for IceKredit. We are sincerely grateful to the Hong Kong authorities and the Financial Secretary for their consistent and unwavering support of innovation and technology-driven businesses. As one of the world’s foremost financial centers with a long and rich history, Hong Kong is a crucial gateway for expanding our business footprint across the Greater Bay Area and beyond. We are committed to strengthening our collaborations with local financial institutions, cultivating AI-powered business models, and contributing to Hong Kong’s role as a world-class financial hub.

Founded in 2015, IceKredit develops enterprise services based on general artificial intelligence. Headquartered in Shanghai, the company has expanded its footprint to Hong Kong, Southeast Asia, the Middle East, North America, and Latin America. It provides AI-based risk assessment and marketing solutions to financial institutions—such as banks, insurers, and consumer finance providers—as well as digital transformation tools to sectors including e-commerce, healthcare, education, and gaming.

Dr. Gu also acknowledged the support IceKredit has received from key investors throughout its international growth. Backers include BitRock Capital Founding Partner Alfred Shang, Yunqi Partners Managing Partner Michael Mao, Guochuang Zhongding Managing Partner Shi Haining, as well as Lingfeng Capital and Guoxin Venture Capital. Several of them, including Mr. Shang, were present at the signing ceremony.

IceKredit plans to build its overseas business headquarter in Hong Kong, making the city a central base for its global operations. The company will work with local authorities to attract global talent, while also leveraging Hong Kong’s financial infrastructure and academic resources. In the future, IceKredit aims to enhance its proprietary Origin One large language model to develop high-performing vertical AI agents tailored to the specific languages, industries, and regulatory environments of target markets.