Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Announces a conditional subscription of shares by Canmax Technologies Co Ltd to raise GBP5 million, before expenses, for the ongoing pilot optimisation at the Zulu Lithium & Tantalum project in Zimbabwe. The subscription funds remaining expected operational expenditure and any shortfall in remedial expenses. Read More
(Alliance News) - Premier African Minerals Ltd on Friday announced a new share placing to raise funds for its Zulu lithium and tantalum project in Zimbabwe. Read More
Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Notes 81% recovery of spodumene in the Zulu lithium and tantalum project. Says flotation test work has been carried out by the Centurion, South Africa-based Geolabs Global Pty Ltd. Adds installation of RHA Mill at Zulu is underway, with completion and commissioning expected within the next month. Says new target levels should be attainable by November. Read More
Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Signs amendment to offtake and prepayment agreement previously agreed with Canmax Technologies Co Ltd in August 2022. This restores the working arrangements between Premier and Canmax and the force majeure and default notices have been withdrawn. Amendments include a revised product supply schedule in respect of the prepayment of USD34.6 million plus accrued interest, and a revised hybrid pricing agreement. Premier and Canmax will share in the profit from production by Canmax of lithium hydroxide from SC6 supplied by Premier. Read More
Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Signs amendment to offtake and prepayment agreement, previously agreed with Canmax Technologies Co Ltd in August 2022. This restores the working arrangements between Premier and Canmax and the force majeure and default notices have been withdrawn. Amendments include a revised product supply schedule in respect of the prepayment of USD34.6 million plus accrued interest, and a revised hybrid pricing agreement. Premier and Canmax will share in the profit from production by Canmax of lithium hydroxide from SC6 supplied by Premier. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Premier African Minerals Ltd said on Friday that it had entered into an unsecured loan facility agreement with George Roach, its acting chair and chief executive officer. Read More
(Alliance News) - Premier African Minerals Ltd on Thursday said it remains in discussions with Canmax Technologies Co Ltd over the Zulu offtake and prepayment deal, but noted nothing has been agreed at this time. Read More
Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Turns to annual pretax loss of USD5.8 million in 2022, from a profit of USD2.3 million a year prior. Posts no revenue in either year as the company is in a pre-revenue stage. Looking ahead, Acting Chair & Chief Executive Officer George Roach says: "I expect that Premier other projects will start see receiving serious attention in the coming year with a view to realising a return that is closer to our original investments than the value we now have elected to include these in our accounts." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Premier African Minerals Ltd on Monday announced it has issued a force majeure notice to Canmax Technologies Co Ltd due to issues at its Zulu lithium and tantalum project plant. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Premier African Minerals Ltd - Africa-focused company developing a portfolio of metals and minerals projects - Updates on the offtake and prepayment agreement between itself and Canmax Technologies Co Ltd. Says it is in "advanced discussions" regarding two additions to the agreement. The first is to allow for the adjustment in the pricing mechanism for both parties to equally share in the gross revenue from the sale of lithium hydroxide produced from spodumene supplied by Premier. The second is for the further prepurchase of spodumene by Canmax from the company's Zulu project in Zimbabwe to assist with ongoing operational costs associated with revised timelines and expected production figures. Explains that Canmax have confirmed their intention to continue to support Premier and not to terminate the agreement, providing that the addition is entered into on or before June 25. Read More
Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Says its process plant at Zulu lithium and tantalum project is now fully commissioned. The supplier has advised Premier African that the milling and sizing component of the plant requires certain limited modifications to allow for full optimisation to design capacity throughput. It now expects the first spodumene shipments in June, and final optimisation in the fourth quarter of 2023 following plant modifications. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Announces further placing of 65.9 million shares at 0.925 pence each to raise GBP610,000. Chief Executive Officer George Roach has subscribed for 11.9 million shares at the placing price for GBP110,000 in total. Premier African will apply for shares' admission to trading on AIM, expected to take place on or around Thursday next week. Update follows company's original announcement on Monday of placing to raise GBP1.8 million before expenses at 0.925p per share. Premier African says proceeds will fund pilot plant optimisation for its ongoing Zulu lithium and tantalum project in Zimbabwe. Company also reported on Monday that the plant was producing concentrate from both the spodumene and mica flotation circuits. Placing was made via CMC Markets PLC which Premier African today has appointed as joint broker. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Says Zulu lithium and tantalum project asset optimisation work continues in Zimbabwe, alongside open pit mining operations. Says the plant has demonstrated its ability to float mica/lepidolite rich concentrates and spodumene. Says it finds less weathered ore than anticipated, although ore body in line with internal geological mining model. Says ore body adds confidence to future operating guidance. Says cashflow is constrained at Zulu, although this is expected to be short term. Says it will implement applicable financing measures to deal with this in the lead up to first revenues from sale of concentrates in the coming weeks. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More