Premier African Minerals ( (GB:PREM) ) has shared an announcement.
Premier African Minerals Limited is actively seeking funding to support the recommencement of operations at its Zulu Lithium and Tantalum Project in Zimbabwe. The company is in discussions with existing stakeholders and potential new investors to secure the necessary funds for the commissioning and optimization of its flotation plants. Without a financing solution, Premier may consider alternative options, including asset liquidation or sale. The company faces significant liabilities, including a $42.8 million advance from Canmax Technologies, and requires immediate funding to maintain operations.
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 in Zimbabwe and Mozambique. The company has a diverse portfolio that includes tungsten, rare earth elements, lithium, and tantalum, with both brownfield projects and grassroots exploration. It also holds interests in Circum Minerals Limited and Vortex Limited.
YTD Price Performance: -47.50%
Average Trading Volume: 262,422,151
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.77M
Find detailed analytics on PREM stock on TipRanks’ Stock Analysis page.