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Premier African Minerals
(LSE:PREM)
Premier African Minerals (PREM) vs. iShares MSCI United Kingdom ETF (EWC)
Premier African Minerals Business Overview & Revenue Model
Premier African Minerals Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -12.48M | -3.81M | -54.00K | -14.00K | 0.00 |
| EBITDA | -17.11M | -14.13M | -4.59M | 2.31M | -1.04M |
| Net Income | -19.31M | -20.38M | -6.52M | 7.28M | -923.00K |
Balance Sheet | |||||
| Total Assets | 66.39M | 65.13M | 51.05M | 15.38M | 9.20M |
| Cash, Cash Equivalents and Short-Term Investments | 12.00K | 542.00K | 9.63M | 940.00K | 727.00K |
| Total Debt | 180.00K | 2.45M | 180.00K | 180.00K | 0.00 |
| Total Liabilities | 58.96M | 50.60M | 34.27M | 1.13M | 935.00K |
| Stockholders Equity | 21.01M | 27.68M | 29.51M | 26.56M | 20.27M |
Cash Flow | |||||
| Free Cash Flow | -12.73M | -26.08M | -5.85M | -2.69M | -802.00K |
| Operating Cash Flow | -10.02M | -8.03M | 30.12M | -2.54M | -793.00K |
| Investing Cash Flow | -3.02M | -18.60M | -36.27M | -1.01M | -1.03M |
| Financing Cash Flow | 12.50M | 17.54M | 14.84M | 3.79M | 2.51M |
Premier African Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £3.74M | -3.60 | -44.38% | ― | 1.77% | 33.33% | |
45 Neutral | £2.91M | -4.29 | -4.75% | ― | ― | 36.36% | |
45 Neutral | £4.21M | ― | -25.13% | ― | ― | ― | |
43 Neutral | £4.26M | -0.53 | -44.29% | ― | ― | ― | |
41 Neutral | £3.65M | -0.12 | -58.43% | ― | ― | ― |
Premier African Minerals Corporate Events
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.
Premier African Minerals has announced the immediate resignation of independent non-executive director Wolfgang Hampel for personal reasons, ending a tenure that began in 2013. The board credited Hampel with extensive work on the company’s West African assets and highlighted his key role in advancing the RHA Tungsten and Zulu Lithium projects, signalling a change in board composition at a time when these Zimbabwe-focused developments and the broader project portfolio remain central to Premier’s growth strategy.
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.
Premier African Minerals has disclosed that JR Goddard Contracting has obtained a Writ of Execution against movable property at the company’s Zulu Lithium and Tantalum Project in Zimbabwe, seeking to recover approximately US$2.2 million following an earlier demand for payment on a stayed US$2.5 million judgment. While enforcement action has commenced, Premier notes that dialogue with the creditor remains ongoing and believes that, depending on Zulu Lithium’s financial position, any attached movable assets could be recovered through further agreed payment arrangements, underscoring near-term liquidity and operational risks around one of its flagship projects.
Premier African Minerals Limited announced that Canmax Technologies Co., Ltd has converted accrued interest of £77,233.89 into 134,319,818 new ordinary shares in the company. This issuance is part of the Restated and Amended Offtake and Prepayment Agreement, with the new shares expected to be admitted to trading on AIM by 22 December 2025. This move increases Premier’s issued share capital to 9,489,787,939 ordinary shares, impacting shareholder voting rights and potentially altering shareholder interests in line with Financial Conduct Authority’s rules.
Premier African Minerals Limited has updated its shareholders on its funding plans and creditor situation, particularly concerning its Zulu Lithium project. The company has raised interim funds to support essential operations but still requires additional financing to meet its obligations and continue with its Phase 5 ‘Pre-production Readiness.’ The company faces significant financial challenges, including a demand for payment from a creditor and substantial group liabilities, which could impact its ability to continue as a going concern if further funding is not secured.
Premier African Minerals Limited has successfully raised approximately £500,000 through the subscription of new ordinary shares, aimed at supporting essential operational requirements and preparations for the installation of a new flotation cell plant at the Zulu Lithium and Tantalum Project. This financial move is crucial for maintaining operations and advancing the Zulu project, potentially enhancing the company’s position in the mining industry by enabling the production of commercially viable lithium products.
Premier African Minerals Limited announced the successful passing of two special resolutions at its General Meeting on 19 November 2025. The resolutions, which received overwhelming support, are expected to facilitate the company’s strategic initiatives and potentially enhance its operational capabilities in the mining sector.
Premier African Minerals Limited announced an update on the Zulu Lithium plant audit, revealing interim findings that support the decision to proceed with acquiring and commissioning a new flotation cell plant by Xinhai Technology Processing EPC. This move aims to enhance the plant’s production capabilities to commercially acceptable levels. The company is also in discussions with potential lenders and offtake funders to restructure prepayment arrangements, contingent on the plant achieving consistent production standards. The audit report is deemed valuable for improving plant operations and ensuring the current flotation plant can supplement the new installation, although immediate focus remains on the Xinhai Flotation Plant to secure early commercial production.
Premier African Minerals Limited has announced the adjournment of its General Meeting initially scheduled for November 7, 2025, to November 19, 2025, to allow more time for ongoing commercial discussions with its principal shareholder. The adjournment aims to provide shareholders additional time to consider the proposed resolutions, with new proxy submission deadlines set for November 14 and 17, 2025. The outcome of these resolutions could significantly impact shareholders and the company’s assets. The meeting will be accessible via a webinar, allowing shareholders to participate remotely.
Premier African Minerals Limited has announced the adjournment of its General Meeting, initially convened to discuss the disapplication of pre-emption provisions, to facilitate further discussions with its principal shareholder. The meeting will be reconvened on 7 November 2025, with new proxy submission deadlines set for 4 and 5 November. Shareholders are urged to review the explanatory notes and participate in the voting process, as the failure to pass the proposed resolutions could materially impact the company and its shareholders.
Premier African Minerals has announced an update on its Zulu Lithium and Tantalum Project, highlighting the completion of a technical audit and plans to acquire a secondary flotation plant. The audit’s findings and ongoing commercial discussions are expected to influence the company’s operational objectives, with the new plant aimed at enhancing production capacity and achieving sustainable commercial production.
Premier African Minerals Limited has announced a General Meeting to be held on 30 October 2025, encouraging shareholders to participate either in person or via proxy. The company is also providing a webinar option for remote access. The announcement includes an operational update on the Zulu Lithium project, detailing the progress and challenges faced in optimizing the flotation circuit for spodumene recovery. Despite some setbacks, improvements in concentrate grade have been noted, and further tests are underway to enhance recovery rates and operational stability, which could significantly impact the company’s production capabilities and market positioning.
Premier African Minerals Limited has announced a share consolidation, converting every ten existing ordinary shares into one new ordinary share. This move, effective from October 14, 2025, aims to streamline the company’s share structure, potentially enhancing its market position and shareholder value.
Premier African Minerals Limited has announced a share consolidation, converting every 10 existing ordinary shares into one new ordinary share, effective from 14 October 2025. This move aims to streamline the company’s share structure, with the new shares maintaining the same rights as the existing ones, and is expected to have minimal impact on shareholders’ proportional holdings.