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Premier African Minerals ( (GB:PREM) ) has issued an update.
Premier African Minerals Limited has announced a subscription for 2.7 billion new ordinary shares to raise approximately £540,000, aimed at supporting essential operations and initial infrastructure development at its Zulu Lithium and Tantalum Project in Zimbabwe. While this funding provides interim working capital to aid operational and plant readiness, it does not fully meet the company’s short-term funding needs, and Premier remains actively engaged with partners to address any uncertainties. The subscription reflects Premier’s continued strategic efforts to support its ongoing projects and manage its financial standing.
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 RHA Tungsten and Zulu Lithium in Zimbabwe. The company has a diverse portfolio featuring tungsten, rare earth elements, lithium, tantalum in Zimbabwe, and lithium and gold in Mozambique, comprising both brownfield projects with near-term production potential and grassroots exploration.
YTD Price Performance: -35.00%
Average Trading Volume: 228,795,545
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.58M
Find detailed analytics on PREM stock on TipRanks’ Stock Analysis page.
