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An update from Premier African Minerals ( (GB:PREM) ) is now available.
Premier African Minerals has disclosed that JR Goddard Contracting has obtained a Writ of Execution against movable property at the company’s Zulu Lithium and Tantalum Project in Zimbabwe, seeking to recover approximately US$2.2 million following an earlier demand for payment on a stayed US$2.5 million judgment. While enforcement action has commenced, Premier notes that dialogue with the creditor remains ongoing and believes that, depending on Zulu Lithium’s financial position, any attached movable assets could be recovered through further agreed payment arrangements, underscoring near-term liquidity and operational risks around one of its flagship projects.
More about Premier African Minerals
Premier African Minerals Limited is a multi-commodity mining and natural resource development company focused on Southern Africa, with key assets including the RHA Tungsten and Zulu Lithium projects in Zimbabwe. Its portfolio spans tungsten, rare earth elements, lithium and tantalum, ranging from brownfield projects with near-term production potential to early-stage exploration ventures.
Average Trading Volume: 88,564,968
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.21M
Learn more about PREM stock on TipRanks’ Stock Analysis page.