North American Nickel Inc. announced that Premium Nickel Resources has completed the Exclusivity Memorandum of Understanding with the Liquidator which will govern a six-month exclusivity period to complete additional due diligence and related purchase agreements on the Botswana nickel-copper-cobalt ("Ni-Cu-Co") assets formerly operated by BCL Limited, that are currently in liquidation. PNR has announced that they will now begin an estimated six-month systematic due diligence program. During this period, PNR will complete an environmental assessment, a metallurgical study, a review of legal and social responsibilities, a review of the mine closure and rehabilitation plans and an on-site inspection of the legacy mining infrastructure and equipment that has been under care & maintenance. Concurrent with this due diligence program PNR will negotiate definitive agreements on the prioritized assets that will be included in the asset purchase agreement with the Liquidator.