{"id":64136,"date":"2025-02-25T06:08:19","date_gmt":"2025-02-25T06:08:19","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival"},"modified":"2025-03-13T18:50:13","modified_gmt":"2025-03-13T18:50:13","slug":"premium-nickel-to-raise-p350m-for-bcl-revival","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival","title":{"rendered":"Premium Nickel to Raise P350M for BCL Revival"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Premium Resources, the company reviving BCL Ltd, plans to raise CA$36 million (P350.3 million) to continue developing the base metal project whilst advancing exploration.<\/b><\/p>\n<p>In a notice this week, the Canadian firm said it would offer a combination of shares and, warrants to potential investors in a private placement that will close in early March 2025. Premium Resources intends to offer up to 120 million units at 30 Canadian cents but could exercise an option to increase the offer by 60 million more units.<\/p>\n<p>If the additional units are sold in full, the fundraising initiative will reap gross dividends of CA$54 million or P525.4 million. Meanwhile, an affiliate of Premium Resources\u2019 lender and largest shareholder, has agreed to convert a CA$20.9 million loan into about 70 million units. The deal with the EdgePoint affiliate provides deleveraging of Premier Resources\u2019 balance sheet, which means the clearing up of debt and freeing up of room to expand the credit appetite for future growth.<\/p>\n<p>Premium Resource snapped up the Selebi and Selebi North shafts, as well as Selkirk Mine from government, in a deal pegged at P837 million two years ago. The transaction includes related infrastructure such as rail, power, and water works, and a pledge to spend P5 billion in reviving the assets that have been mothballed since 2016. Premium Resources expects to re-establish commercial operations at BCL in Selebi-Phikwe next year.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Premium Resources, the company reviving BCL Ltd, plans to raise CA$36 million (P350.3 million) to continue developing the base metal project whilst advancing exploration. In a notice this week, the Canadian firm said it would offer a combination of shares and, warrants to potential investors in a private placement that will close [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":64135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234],"class_list":["post-64136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Premium Nickel to Raise P350M for BCL Revival - Botswana<\/title>\n<meta name=\"description\" content=\"Premium Resources, the company reviving BCL Ltd, plans to raise CA$36 million (P350.3 million) to continue developing ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Premium Nickel to Raise P350M for BCL Revival\" \/>\n<meta property=\"og:description\" content=\"Premium Resources, the company reviving BCL Ltd, plans to raise CA$36 million (P350.3 million) to continue developing ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-25T06:08:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-13T18:50:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/02\/sm_1740452165.879577.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"682\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Premium Nickel to Raise P350M for BCL Revival\",\"datePublished\":\"2025-02-25T06:08:19+00:00\",\"dateModified\":\"2025-03-13T18:50:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival\"},\"wordCount\":245,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/02\/sm_1740452165.879577.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/premium-nickel-to-raise-p350m-for-bcl-revival\",\"name\":\"Premium Nickel to Raise P350M for BCL Revival - 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