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An announcement from Premier African Minerals ( (GB:PREM) ) is now available.
Premier African Minerals has agreed with its offtake partner Canmax Technologies to extend the long stop date on their existing offtake and prepayment agreement for the Zulu Lithium and Tantalum Project, pushing it from 31 December 2025 to the earlier of 30 June 2026 or the date a new reputable buyer acceptable to Canmax signs a binding deal to settle or manage Canmax’s prepayment exposure. While the economic terms of the agreement remain unchanged, Premier has accepted tighter conditions, including a requirement to maintain current office bearers at both group and project level without Canmax’s prior written consent and to keep an existing security package fully in force, with Canmax retaining the right to enforce all its contractual powers if conditions are breached, underscoring both Canmax’s continued support and the heightened operational and governance discipline now imposed on Premier around the Zulu project.
The most recent analyst rating on (GB:PREM) stock is a Hold with a £0.03 price target. To see the full list of analyst forecasts on Premier African Minerals stock, see the GB:PREM Stock Forecast page.
Spark’s Take on GB:PREM Stock
According to Spark, TipRanks’ AI Analyst, GB:PREM is a Neutral.
The score is driven primarily by weak financial performance (ongoing losses, negative gross profit, and cash burn with no reported revenue), reinforced by bearish technical signals (price below major moving averages and negative MACD). Valuation provides limited support due to a negative P/E and no dividend yield data.
To see Spark’s full report on GB:PREM stock, click here.
More about Premier African Minerals
Premier African Minerals Limited (AIM: PREM) 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.
Average Trading Volume: 103,341,360
Technical Sentiment Signal: Sell
Current Market Cap: £3.32M
For a thorough assessment of PREM stock, go to TipRanks’ Stock Analysis page.