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Premier African Minerals ( (GB:PREM) ) has issued an announcement.
Premier African Minerals Limited has announced the issuance of equity to settle US$300,000 in invoices with contractors at its Zulu Lithium and Tantalum Project. The settlement involved issuing 1,099,909,091 new ordinary shares, which are expected to be admitted to AIM trading around February 10, 2025. This move aligns with Premier’s strategic efforts to manage its financial commitments and enhance its operational capacity in Southern Africa. The issuance of shares may also impact shareholder voting rights and interest notifications according to regulatory requirements.
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 projects in Zimbabwe and Mozambique. The company manages a diverse portfolio including tungsten, rare earth elements, lithium, tantalum, and gold, targeting both brownfield projects with near-term production potential and grassroots exploration. Premier is actively involved in project development and holds strategic interests in various mining ventures.
YTD Price Performance: -39.02%
Average Trading Volume: 268,581,676
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.88M
For an in-depth examination of PREM stock, go to TipRanks’ Stock Analysis page.
