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Premier African Minerals ( (GB:PREM) ) has issued an announcement.
Premier African Minerals announced that its proposed £3.5 million fundraising through the issuance of new ordinary shares will not proceed as planned. The company had conditionally raised £1.2 million, but shareholder applications under the retail offer were insufficient, leading the board to reconsider the fundraising structure and explore alternative funding options. The announcement has implications for the company’s financial strategies and market positioning, as Premier seeks to address its funding needs while maintaining its operational stability.
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. It has projects such as RHA Tungsten and Zulu Lithium in Zimbabwe, and operations in Mozambique involving lithium and gold. The company also holds interests in the Danakil Potash Project in Ethiopia and the Otjozondu Manganese Mining Project in Namibia.
YTD Price Performance: -31.71%
Average Trading Volume: 222,063,395
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.09M
See more data about PREM stock on TipRanks’ Stock Analysis page.
