Premier African Minerals Secures Funding for Zulu Project Enhancements

Premier African Minerals ( (GB:PREM) ) has shared an update.

Premier African Minerals Limited announced a subscription to raise £1,575 million for its Zulu Lithium and Tantalum Project, alongside settling contractor invoices through the issuance of new ordinary shares. The funding aims to complete the installation and commissioning of improvements in the float plant to enhance grade and recovery, and to progress the alternative spodumene float plant. This strategic move is expected to strengthen Premier’s operational capabilities and market position, with further negotiations anticipated with partners once satisfactory grade and recovery are achieved.

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 including the RHA Tungsten and Zulu Lithium projects in Zimbabwe. The company has a diverse portfolio encompassing tungsten, rare earth elements, lithium, and tantalum in Zimbabwe, and lithium and gold in Mozambique, ranging from brownfield projects with near-term production potential to grassroots exploration.

Average Trading Volume: 1,217,561,765

Technical Sentiment Signal: Sell

Current Market Cap: £10.19M

Find detailed analytics on PREM stock on TipRanks’ Stock Analysis page.