Premier African Minerals Share News (PREM)

TRADING UPDATES: Byotrol loss widens, Surface Transforms sales grow

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Premier African Minerals shares jump with GBP1.7 million loan facility

(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.

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

(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.

Sinomine completes $300 mln Zimbabwe lithium projects

HARARE, July 10 (Reuters) - China's Sinomine Resource Group on Monday said it has completed the construction of a spodumene concentrate plant at its Zimbabwe lithium mine, as Chinese battery minerals producers ramp up output in the African country.

China's Huayou commissions $300 mln Zimbabwe lithium plant

GOROMONZI, Zimbabwe, July 5 (Reuters) - Zhejiang Huayou Cobalt on Wednesday commissioned a lithium concentrator in Zimbabwe as it seeks to consolidate its position as one of the world's top battery materials producers.

Premier wants to resolve lithium supply spat with China's Canmax

HARARE, June 30 (Reuters) - Premier African Minerals wants to resolve its lithium supply dispute with China's Canmax Technologies, the miner said on Friday, seeking to avert a lengthy legal battle that could disrupt operations.

IN BRIEF: Premier African Minerals turns to annual loss

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."

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

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Premier African Minerals shares plunge on force majeure notice

(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.

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

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

Lithium miner Premier's shares slide on Zimbabwe force majeure

HARARE, June 26 (Reuters) - Shares in Premier African Minerals plunged 40% on Monday after the company declared force majeure at its Zimbabwe lithium mine, citing a defect at its processing plant.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Premier African Minerals jumps on Canmax agreement update

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.

IN BRIEF: Premier African shares down as process plant commissioned

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.

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

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