The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPremier African Minerals Share News (PREM)

Share Price Information for Premier African Minerals (PREM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.205
Bid: 0.20
Ask: 0.21
Change: 0.02 (10.81%)
Spread: 0.01 (5.00%)
Open: 0.185
High: 0.215
Low: 0.185
Prev. Close: 0.185
PREM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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".

----------

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.

----------

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."

----------

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."

----------

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.

----------

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.

----------

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
11 Dec 2023 20:44

TRADING UPDATES: Ondine Biomedical raises GBP2.9 million via placing

(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
20 Nov 2023 14:17

EARNINGS AND TRADING: Active Energy notes Ashland delay; MTI profit up

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

Read more
14 Nov 2023 14:19

TRADING UPDATES: Billington on track to beat 2023 expectations

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

Read more
3 Nov 2023 15:44

Premier African Minerals shares drop on Zulu plant deadline

(Alliance News) - Premier African Minerals Ltd shares fell on Friday, after it said its Zulu plant deadline is "largely" dependent on the resolution of ongoing commissioning and optimisation issues.

Read more
29 Sep 2023 12:32

EARNINGS: i(x) Net Zero swings to profit, Zephyr falls to loss

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

Read more
21 Sep 2023 17:00

IN BRIEF: Premier African Minerals confirms completion of mill

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Confirms completion of installation of RHA Ball mill at its Zulu lithium & tantalum project in Zimbabwe. The commissioning phase is expected to start from Thursday with first material anticipated to be fed through the mill on Monday. Chief Executive Officer George Roach says the mill "is expected to support planned production of up to 1,000 tons per month of spodumene from November 2023 at Zulu."

Read more
11 Sep 2023 11:49

IN BRIEF: Premier African Minerals gets Chinese approval for fundraise

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Confirms it has received Chinese regulatory approval for its subscription of shares by its largest shareholder Canmax Technologies Co Ltd, from which it raised GBP5 million at an issue price of 0.35 pence per share as additional funding for the ongoing Zulu lithium and tantalum project optimisation in Zimbabwe.

Read more
30 Aug 2023 12:48

IN BRIEF: Premier African Minerals bags GBP5 million for Zulu project

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Announces a conditional subscription of shares by Canmax Technologies Co Ltd to raise GBP5 million, before expenses, for the ongoing pilot optimisation at the Zulu Lithium & Tantalum project in Zimbabwe. The subscription funds remaining expected operational expenditure and any shortfall in remedial expenses.

Read more
25 Aug 2023 11:37

Premier African Minerals issues fundraise for Zulu project, Zimbabwe

(Alliance News) - Premier African Minerals Ltd on Friday announced a new share placing to raise funds for its Zulu lithium and tantalum project in Zimbabwe.

Read more
25 Aug 2023 11:01

Premier African raising £4m as it advances Zulu project

(Sharecast News) - Premier African Minerals announced a decision to raise £4m before expenses on Friday, to help with the ongoing development of Zulu.

Read more
23 Aug 2023 10:00

IN BRIEF: Premier African announces spodumene recovery at Zulu plant

Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Notes 81% recovery of spodumene in the Zulu lithium and tantalum project. Says flotation test work has been carried out by the Centurion, South Africa-based Geolabs Global Pty Ltd. Adds installation of RHA Mill at Zulu is underway, with completion and commissioning expected within the next month. Says new target levels should be attainable by November.

Read more
15 Aug 2023 16:35

IN BRIEF: Premier African Minerals agrees amended deal with Cannax

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
15 Aug 2023 16:34

China's Canmax resolves lithium offtake dispute with Premier African Minerals

HARARE, Aug 15 (Reuters) - China's Canmax Technologies and Premier African Minerals have resolved their dispute over a lithium concentrate supply contract that was delayed by a defective processing plant, the two companies said on Tuesday.

Read more
15 Aug 2023 16:33

IN BRIEF: Premier African Minerals agrees amended deal with Canmax

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

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.