Premier African Minerals Limited
Key information
Key information
Sector
Industrial Metals and Mining
Close date
Delivery
Placing price
Last price
Discount
Amount raised
0.925p
0.983 p
6 %
£1,759,500
Company description
Premier African Minerals Limited (“Company” or “Premier”) is currently developing a portfolio of strategic metals and mineral projects located across Africa.
Premier is an emerging spodumene producer from the Zulu Lithium and Tantalum Project and has a Tungsten operation in Zimbabwe, RHA Tungsten which remains subject to a shareholder restructuring with Government of Zimbabwe who hold 51% of the project. In addition, the Company has an interest in MN Holdings Limited, the owner and operator of the Otjozondu Manganese Mining Project in Namibia. Premier has a 50% interest in the Li3 Project in Mutare, Zimbabwe and now responsible for the full technical management function of the Li3 Project.
Use of proceeds
Premier intends to use the proceeds of the placing principally to assist with further operational funding of the ongoing optimisation operations at Zulu and general working capital purposes necessary for the Group.
Legal information
- Legal Documents
- Please read our Risk Warning
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