Premier African Minerals to raise £550 000 for Zim project
London-listed Premier African Minerals has completed a subscription to raise about £550 000 before expenses through the issue of four-billion new ordinary shares at an issue price of £0.014 apiece.
Premier MD Graham Hill says the funding raised provides important working capital to contribute towards ongoing operational requirements at Zulu, including the continuation of mining and stockpiling activities.
Following the company's recent update regarding the Zulu lithium and tantalum project, in Zimbabwe, the company says the board remains focused on maintaining operational continuity across both Premier and the Zulu project, while constructive discussions continue with Canmax Technologies regarding the extension of the long stop date of a prepayment and offtake agreement.
Hill says the board remains firmly focused on advancing Zulu towards sustained production and commercial operation and believes the subscription will support continued progress and preparations for the next production and optimisation campaign once a revised operating timetable has been confirmed.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation


















