Premier Development & Investment, Inc. Confirms that All Announced Transactions and Corporate Actions are Being Concluded
PREMIER NOW POSITIONED TO ENACT UPON PRIOR PUBLIC UNDERTAKINGS
LAS VEGAS, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Premier Development & Investment, Inc. (OTC: PDIV) (“The Company” or “Premier”) is now in a position to confirm as follows:
For ease of reference:-
To view all of Premier’s Regulatory Filings: https://www.otcmarkets.com/stock/PDIV/disclosure
To view all of Premier’s New Releases: https://www.otcmarkets.com/stock/PDIV/news
It is confirmed that these relate to Premier’s interests in our Lithium and Uranium Exploration Properties; namely “Hombre”, “Stonewall Flat” and “Silverpeak”; initially totaling an amount of what was announced as $130 million. We have successfully re-negotiated these transactions reducing from what was $130 million to that of no more than of circa $90 million.
We are no longer issuing “Cautionary Announcements” in the dealings in our Class A Common Stock as we are now delivering upon long awaited and very extensive detailed series of OTCIQ Regulatory Filings; these being published in and during the next 5 to 7 business days.
It is with great pleasure that we will now be introducing, to our shareholders, “key members” of our Management Team and primarily that of Dr. du Plessis; our Chief Consulting Geologist; he has held this position since January of 2026. Dr. du Plessis will be taking the lead in our upcoming communications to shareholders and in respect of our fairly extensive Uranium and Lithium Exploration Interests in Northern NV. This will primarily consist of extensive Geological (and other material) Reporting. Dr. du Plessis will be providing extensive and detailed reporting to our shareholders; a complete picture of our Exploration Holdings. His recommendations in respect of further Exploration expenditure and other geological costs will be to be disseminated to our shareholders in the forthcoming days; which will also encompass potential sales of certain Exploration Interests and/or possible Joint Venture Agreements.
We are aware that our stock price is materially undervalued and is trading at unacceptably low volumes. This being despite our delivering our promised “Free Float” increases. This is beyond our control and as of now is being terminated. This, in our opinion, is now being rectified. Your Company’s Management is reasonably confident that the necessary arrangements are in place; and will be executed and as stated.
Our promised Investor Relations and consistent transparency; coupled with material updates; is underway as of now.
We are advising that our Q3 Report to September 30, 2026 will reflect material costs and CAPEX expenditures funded by Shareholders Loans, This will escalate into our Year End being December 31, 2026. This is not a “cash flow” impediment to Premier given that this expenditure has been funded by shareholders and is being capitalized into 2 (Two) Year Convertible Preferred Common Stock. It was necessary to expend these funds in order to further evaluate and to scientifically justify these ongoing exploration costs.
ABOUT PREMIER:
Premier is in the business of Lithium and Uranium exploration in Nevada through “Silverpeak”, “Stonewall Flat” and “Hombre” encompassing some 3,800 acres. Premier has Rare Earth Exploration properties in New Mexico through “Gallinas Mountains”. We hold options over Oil & Gas Wells in Oklahoma. We now hold 49.99% the outstanding Common Stock of GNCC Capital, Inc. (OTC: GNCP), a Company engaged in the ownership of Gold and Silver Exploration Projects.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe, " "expect, " "should, " "intend, " "estimate, " "projects, " variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company 's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company 's filings, which are on file with the OTC Markets Group.
Contact Information:
Telephone: (702) 992- 0494
E Mail: corporate@premiergroupinc.us
Temporary Investor Relations Contact (Being replaced by an Investor Relations Firm):
E Mail: ir@premiergroupinc.us
Website: www.premiergroupinc.us (Final construction underway)
Social Media:
https://www.facebook.com/PremierGroupInc
https://www.instagram.com/premier_investment_pdiv/
https://www.linkedin.com/company/premier-development-investment-inc
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