Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Premier African Minerals ( (GB:PREM) ) has provided an announcement.
Premier African Minerals Limited announced a successful capital raise of £1,380,000 through a subscription of new ordinary shares to fund its Zulu Lithium and Tantalum Project. The funds will be used to refine and optimize the Primary Flotation Plant, potentially develop an alternative spodumene float plant, cover certain operating expenses, and provide general working capital. This capital raise, at a premium to previous funding rounds, signifies recognition of the company’s progress and is expected to impact its operations positively by enhancing its financial stability and project development capabilities.
More about Premier African Minerals
Premier African Minerals Limited is a multi-commodity mining and natural resource development company focused on Southern Africa, with projects including RHA Tungsten and Zulu Lithium in Zimbabwe. The company has a diverse portfolio encompassing tungsten, rare earth elements, lithium, tantalum, and gold, with operations in Zimbabwe and Mozambique, ranging from brownfield projects with near-term production potential to grassroots exploration.
Average Trading Volume: 1,920,778,332
Technical Sentiment Signal: Strong Sell
Current Market Cap: £19.03M
See more data about PREM stock on TipRanks’ Stock Analysis page.