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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%)
Spread: 0.01 (5.00%)
Open: 0.185
High: 0.215
Low: 0.185
Prev. Close: 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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31 Jul 2023 19:47

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:

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21 Jul 2023 09:31

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.

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20 Jul 2023 14:05

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.

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10 Jul 2023 07:40

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.

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5 Jul 2023 18:46

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.

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30 Jun 2023 18:48

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.

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30 Jun 2023 17:26

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."

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29 Jun 2023 17:59

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:

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26 Jun 2023 11:00

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.

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26 Jun 2023 10:06

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.

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26 Jun 2023 09:24

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.

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19 Jun 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 20 June 
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Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Prospex Energy PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
Wednesday 21 June 
Argentex Group PLCAGM
Clean Power Hydrogen PLCAGM
Eqtec PLCAGM
Hydrogen Utopia International PLCAGM
HSS Hire Group PLCAGM
Intelligent Ultrasound Group PLCAGM
JD.com IncAGM
RTW Venture Fund LtdAGM
Schroders Capital Global Innovation Trust PLCAGM
Sivota PLCAGM
Numis Corp PLCGM re acquisition by Deutsche Bank AG
THG PLCAGM
UK Commercial Property REIT LtdAGM
Thursday 22 June 
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Anglo Asian Mining PLCAGM
boohoo Group PLCAGM
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Card Factory PLCAGM
Ergomed PLCAGM
Falcon Oil & Gas LtdAGM
Futura Medical PLCAGM
Good Energy Group PLCAGM
Grand Vision Media Holdings PLCAGM
Longboat Energy PLCAGM
MaxRets Ventures PLCAGM
Pathfinder Minerals PLCAGM
RBG Holdings PLCAGM
Robinson PLCAGM
Sanderson Design Group PLCAGM
Team17 Group PLCAGM
Trellus Health PLCAGM
Whitbread PLCAGM
Friday 23 June 
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Mears Group PLCAGM
Non-Standard Finance PLCAGM
Ocean Harvest Technology Group PLCAGM
Oxford Biomedica PLCAGM
Pelatro PLCAGM
Petrofac LtdAGM
Princess Private Equity Holding LtdAGM
Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
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Monday 26 June 
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Premier African Minerals LtdAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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6 Jun 2023 12:50

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.

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25 May 2023 12:23

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.

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25 May 2023 11:22

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.

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