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Premier African Minerals ( (GB:PREM) ) has issued an update.
Premier African Minerals Limited has announced amendments to its Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd. regarding the Zulu Lithium and Tantalum Project. The revised agreement outlines settlement options for any outstanding prepayment amounts and provides Canmax with extended security over Zulu shares, enhancing the strategic relationship between the two parties. This development is crucial for Premier’s operational continuity, as it addresses immediate creditor obligations and secures vital funding support from Canmax, ensuring the company’s future success and stability.
More about Premier African Minerals
Premier African Minerals Limited operates in the mining industry, focusing primarily on the development of mineral resources, including lithium and tantalum, through projects such as the Zulu Lithium and Tantalum Project.
YTD Price Performance: -76.36%
Average Trading Volume: 342,106,617
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £18.91M
Find detailed analytics on PREM stock on TipRanks’ Stock Analysis page.
