Palladium One Grants Incentive Stock Options
Palladium One Grants Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2019) -
Palladium One Mining Inc.
(
TSXV: PDM) (FSE: 7N11)
(OTC: NKORF
) (the "
Company
" or "
Palladium One
") announces that the Company's Board of Directors has approved the
granting of stock options to employees, directors, advisors and consultants pursuant to the Company's stock option plan.
The
stock options entitle the holders to purchase a total of 5,100,000 common shares in the capital stock of the Company at a price
of $0.15 per common share.
The stock options are exercisable for five years and vest immediately.
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo, Vice President of
Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.
About Palladium One:
Palladium One Mining Inc. is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets
consist of the Lantinen Koillismaa ("LK") PGE-Cu-Ni project, located in north-central Finland and the Tyko Ni-Cu-PGE
property, near Marathon, Ontario, Canada.
The Kaukua deposit of the LK project hosts
635,600 Pd_Eq ounces
of Indicated
Resources grading
1.80 g/t Pd_Eq*
("palladium equivalent") contained in 11 million tonnes (@ 0.81g/t Pd, 0.27g/t Pt, 0.09g/t Au, (1.17g/t PGE), 0.15% Cu &
0.09% Ni), and
525,800 Pd_Eq ounces of Inferred
Resources grading
1.50 g/t Pd_Eq
contained in 11 million tonnes (@
0.64g/t Pd, 0.20g/t Pt, 0.08g/t Au (0.92g/t PGE), 0.13% Cu, & 0.08% Ni), (see press release September 9, 2019). Kaukua is
open for expansion, while the Kaukua South, Murtolampi and Haukiaho mineralized zones require systematic exploration via
diamond drilling to follow up mineralized drill intercepts.
*Pd_Eq is calculated using the following metal prices (in USD) of $1,100/oz for Pd, $950/oz for Pt, $1,300/oz for Au, $6,614/t
for Cu and $15,432/t for Ni.
ON BEHALF OF THE BOARD:
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email:
Phone:
1-778-327-5799
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking statements:
Information set forth in this press release may contain forward-looking statements. Forward-
looking statements are statements that relate to future, not past events. In this context, forward-looking statements often
address a company's expected future business and financial performance, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed or implied by such forward-
looking statements. Such factors include, among others, risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral processing; fluctuations in gold and other commodity prices;
title matters; 6 environmental liability claims and insurance; reliance on key personnel; the absence of dividends;
competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements
are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking
statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/51083