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Premier African Minerals (PREM) Share News

IN BRIEF: Premier African Minerals agrees amended deal with Canmax

15th Aug 2023 16:33

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 This restores the working arrangements between Premier and Canmax and the force majeure and default notices have been withdrawn.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

TRADING UPDATES: Byotrol loss widens, Surface Transforms sales grow

31st Jul 2023 19:47

(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 shares jump with GBP1.7 million loan facility

21st Jul 2023 09:31

(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

Premier African still in talks with Canmax over Zulu; shares fall

20th Jul 2023 14:05

(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

IN BRIEF: Premier African Minerals turns to annual loss

30th Jun 2023 17:26

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

TRADING UPDATES: Vertu Motors "optimistic"; Atrato in Ovo Energy deal

29th Jun 2023 17:59

(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

Premier African Minerals shares plunge on force majeure notice

26th Jun 2023 11:00

(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

AIM WINNERS & LOSERS: Premier African plunges on force majeure notice

26th Jun 2023 10:06

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More

UK shareholder meetings calendar - next 7 days

19th Jun 2023 15:46

IN BRIEF: Premier African Minerals jumps on Canmax agreement update

6th Jun 2023 12:50

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

IN BRIEF: Premier African shares down as process plant commissioned

25th May 2023 12:23

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

AIM WINNERS & LOSERS: Premier African Minerals slides on project delay

25th May 2023 11:22

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

IN BRIEF: Premier African Minerals placing raises extra Zulu funds

19th May 2023 09:38

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

TRADING UPDATES: FRP Advisory eyes revenue ahead of expectations

15th May 2023 17:26

(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

IN BRIEF: Premier African Minerals says Zulu project work continues

27th Apr 2023 21:44

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

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