Premier African Minerals Limited (LSE:PREM) has successfully raised £1.38 million through the issuance of new ordinary shares to support its Zulu Lithium and Tantalum Project. The capital will be allocated to optimizing the Primary Flotation Plant, exploring the potential development of an alternative spodumene float plant, covering certain operating expenses, and strengthening general working capital. This fundraising, completed at a premium to prior rounds, reflects investor confidence in the company’s progress and is expected to bolster both financial stability and project development.
About Premier African Minerals
Premier African Minerals Limited is a multi-commodity mining and natural resource company focused on Southern Africa. Its portfolio includes projects such as RHA Tungsten and Zulu Lithium in Zimbabwe, with interests spanning tungsten, rare earth elements, lithium, tantalum, and gold. The company operates a mix of brownfield projects with near-term production potential and grassroots exploration initiatives in Zimbabwe and Mozambique.
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