Premier African Minerals (GB:PREM) has released an update.
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Premier African Minerals Limited has announced a new share issuance to raise approximately £550,000, aiming to support operations at its Zulu Lithium and Tantalum Project and explore strategic options, including a potential sale or joint venture. The company is in active negotiations for direct investment and is considering expanding the spodumene plant’s capacity. The newly issued shares are expected to be admitted for trading on AIM around 9 October 2024.
For further insights into GB:PREM stock, check out TipRanks’ Stock Analysis page.