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Pin to quick picksPremier African Minerals Share News (PREM)

Share Price Information for Premier African Minerals (PREM)

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Share Price: 0.205
Bid: 0.20
Ask: 0.21
Change: 0.02 (10.81%)
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Open: 0.185
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EARNINGS AND TRADING: Indus Gas full-year profit jumps 19%

Tue, 03rd Oct 2023 14:32

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

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VPC Specialty Lending Investments PLC - investor in asset-backed loans to businesses originated by non-bank lenders - Says net asset value per share at June 30 was 94.18 pence, down from 105.51p at June 30 the year prior. Says NAV total loss is 2.0%, swinging from a total return of 4.1% a year ago. Declares an interim dividend of 4.00p per share, unchanged from 2022. Looking ahead, VPC says it will keep shareholders up to date with the progress of its wind-down process, and to achieve realisations in a "timely and efficient manner".

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Indus Gas Ltd - oil and gas explorer and developer with assets in India - Says revenue increased 17% to USD63.0 million in the year ended March 31, from USD53.7 million a year ago. Adds that pretax profit rose 19% to USD54.9 million, from USD46.0 million in financial 2022. Declares no dividend for financial 2023, unchanged from a year ago. Says it expects further drilling success at both Pariwar and B&B, as well as progress in the commercialisation of its gas reserves.

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Aminex PLC - oil and gas investment company focused on Tanzania - Reports revenue increased to USD81,000 in the first half of 2023, up from USD26,000 the year before. Says pretax loss narrows to USD956,000, from USD1.3 million in 2022. Cahir Charles Santos says: "We are pleased to report that all activities on Ruvuma continue to progress under the efforts of the operator, ARA Petroleum Tanzania Limited. We look forward to receiving a revised CPR based on the high-quality data achieved from the acquisition of the Ruvuma 3D seismic survey that will permit a complete revision of gas reserve and resource potential."

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Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Says its subsidiary Tees Valley Lithium has received a joint funding package worth GBP613,000 alongside Weardale Lithium. Says GBP430,000 worth of the funding is from Innovate UK. It says the funding is intended to support innovation in the Net Zero innovation cluster in the Tees Valley, and is part of the UK government's levelling up goals. Says the two firms are looking to achieve synergies in the production and refining of lithium in North East England. Adds that it will pursue the funding for feasibility studies and the development of a battery supply chain hub. TVL Director Sam Quinn comments: "We are delighted to have received this grant from Innovate UK and look forward to our collaboration with Weardale as we seek to bring back high value manufacturing to the North East and help develop a potential UK-based supply chain for the lithium sector."

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Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says its Zulu Lithium plant has resumed operations following the completion of its new mill. Chief Executive George Roach says: "Subsequent to our update of 21 September 2023, I am pleased to confirm the plant at Zulu resumed operations with material fed through the newly installed and commissioned mill." Previously Premier African said the mill will support production of up to 1,000 tonnes of spodumene per month.

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Financials Acquisition Corp - Cayman Islands-based special purpose acquisition company focused on insurance technology - Reports that total income in the first half of the year rose to GBP3.0 million, up from GBP153,051 between August 31, 2021 and June 30, 2022. Says pretax loss widened to GBP11.6 million, from GBP7.3 million.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 Jun 2019 11:51

Premier African Minerals Gets Zimbabwe Funding For RHA Tungsten Mine

(Alliance News) - Premier African Minerals Ltd on Thursday confirmed it has received some funding from Zimbabwe's National Indigenisation & Economic Empowerment Fund.The investment

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21 Jun 2019 14:51

Premier African Minerals gets cash injection through convertible loan note

(Sharecast News) - Premier African Minerals has issued a convertible loan note for $0.35m with Regent Mercantile Holdings, it announced on Friday.

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21 Jun 2019 10:59

Premier African Minerals Raises USD350,000 Via Loan Note Issue

(Alliance News) - Premier African Minerals Ltd on Friday said it has raised USD350,000 via issue of convertible loan note to Regent Mercantile Holdings Ltd.Proceeds of the loan agreement be

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28 May 2019 16:32

UPDATE: Premier African Minerals And KME End Talks Over Drill Contract

LONDON (Alliance News) - Premier African Minerals Ltd on Tuesday said it has terminated discussions with KME Plant Hire Proprietary Ltd over the Zulu lithium project in Zimbabwe.Premier now

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28 May 2019 14:24

Premier African Minerals And KME End Talks Over Drill Contract

LONDON (Alliance News) - Premier African Minerals Ltd on Tuesday said it has terminated discussions with KME Plant Hire Proprietary Ltd over the Zulu lithium project in Zimbabwe.Shares in a

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7 May 2019 10:58

Premier African Minerals Signs New Funding Agreement For RHA Tungsten

LONDON (Alliance News) - Premier African Minerals Ltd said Tuesday it has signed a new investment agreement for RHA Tungsten Pvt Ltd with the National Indigenization & Economic Empowerment of

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17 Apr 2019 10:34

Premier African Minerals Shares Fall As It Drops Planned Acquisitions

LONDON (Alliance News) - Shares dropped in Premier African Minerals Ltd on Wednesday as it said it will not proceed with the acquisitions of 50% of KME Plant Pty Ltd and 50% of Honey Badger in the

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13 Mar 2019 13:58

Premier African Minerals RHA Tungsten Mine Receives Investment

LONDON (Alliance News) - Premier African Minerals Ltd said Wednesday the Zimbabwe Ministry of Industry, Commerce & Enterprise Development has secured a USD6 million investment for the RHA mine

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27 Feb 2019 11:01

Premier African Minerals Raises GBP400,000 Via Share Placing (ALLISS)

LONDON (Alliance News) - Premier African Minerals Ltd on Wednesday said it raised GBP400,000 via placing of 444.4 million shares at 0.09 pence each.Shares in the mining company focused on

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27 Feb 2019 10:44

Premier African Minerals raises £0.4m as it continues Honey Badger due diligence

(Sharecast News) - Premier African Minerals announced a placing to raise £0.4m before expenses at an issue price of 0.09p per new ordinary share on Wednesday.

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26 Feb 2019 14:38

Premier African Hires KME Plant To Restart Production At Zulu Project

LONDON (Alliance News) - Premier African Minerals Ltd on Tuesday said it will recommence drilling at its wholly-owned Zulu lithium & tantalum project in Zimbabwe.The works were in 2018,

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20 Feb 2019 14:59

Premier African Minerals Say General Agreement Reached On RHA Tungsten

LONDON (Alliance News) - Premier African Minerals Ltd on Wednesday said RHA Tungsten Pvt Ltd has reached a general agreement and will return to production "as soon as in miner Premier African

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14 Feb 2019 12:58

Premier African Minerals Abandons Proposed Asset Spin-Off

LONDON (Alliance News) - Premier African Minerals Ltd on Thursday amended the terms of its KME Holdings Ltd deal, including no longer spinning-out some of its own assets alongside were down 10% on

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14 Feb 2019 12:40

Premier African Minerals revises KME transaction, announces new acquisition

(Sharecast News) - Premier African Minerals has agreed amended terms with KME Holdings for the proposed acquisition of KME's assets, it announced on Thursday.

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5 Dec 2018 14:08

Premier African Minerals Inks Formal Framework Agreement With KME

LONDON (Alliance News) - Premier African Minerals Ltd said Wednesday that it agreed to proceed to a formal framework agreement with KME Holdings Ltd regarding the proposed restructuring of its up

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