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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: 0.195
Bid: 0.19
Ask: 0.20
Change: -0.01 (-4.88%)
Spread: 0.01 (5.263%)
Open: 0.2125
High: 0.2125
Low: 0.195
Prev. Close: 0.205
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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.

More News
5 Aug 2022 16:00

IN BRIEF: Premier African receives USD18 million from marketing deal

Premier African Minerals Ltd - British Virgin Islands-based minerals and metals project developer - Concludes definitive documents for the marketing and pre-payment agreement, and is in receipt of USD18.1 million.

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3 Aug 2022 15:12

Premier African Minerals finalises prepayment deal, receives funds

(Sharecast News) - Premier African Minerals has concluded the definitive transaction documents of the marketing and prepayment agreement it announced on 24 June, it said on Wednesday.

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26 Jul 2022 22:16

TRADING UPDATES: De La Rue cancels contract; Apollon buys in Jamaica

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

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14 Jul 2022 21:44

TRADING UPDATES: Shield closer to Canada approval; Angle plans raise

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

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1 Jul 2022 10:05

Premier African sees impressive results for Zimbabwean project

(Alliance News) - Premier African Minerals Ltd on Friday reported "impressive" results from the latest assay data from its Zulu Lithium & Tantalum project in Zimbabwe.

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30 Jun 2022 20:30

EARNINGS UPDATES: Brandshield grows revenue; Xtract loss widens

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

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24 Jun 2022 11:44

Premier African Minerals inks prepayment deal for Zulu project

(Sharecast News) - Premier African Minerals has entered into a marketing and prepayment agreement in the form of binding heads of terms, it announced on Friday, with Suzhou TA&A.

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24 Jun 2022 11:24

AIM WINNERS & LOSERS: Riverfort lifts payout; Trackwise warns on sales

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

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24 Jun 2022 09:18

Premier African Minerals shares rise on Zulu pilot plant contract

(Alliance News) - Premier African Minerals Ltd shares jumped on Friday, after the minerals and metals project developer announced it has signed terms for a large pilot lithium plant in Zimbabwe.

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13 Jun 2022 14:28

Premier African mulling early production proposal for Zulu

(Sharecast News) - Premier African Minerals updated the market on progress, and a potential alternative proposal for early production, at its Zulu Lithium and Tantalum Project on Monday.

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13 Jun 2022 11:14

Premier African drills 18,000 metres at Zulu; assay results soon

(Alliance News) - Premier African Minerals Ltd on Monday said it as drilled a total of 18,000 metres to date at its Zulu lithium and tantalum project in Zimbabwe.

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25 Apr 2022 17:47

IN BRIEF: Premier African Minerals to sell 50% stake in Mutare assets

Premier African Minerals Ltd - British Virgin Islands-based minerals and metals project developer - Signs joint venture agreement with Li3 Resources Inc in which Li3 will purchase a 50% interest in Premier African's hard-rock lithium assets in the Mutare Greenstone Belt in Zimbabwe.

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11 Mar 2022 14:45

IN BRIEF: Premier African Minerals receives GBP1.2 million payment

Premier African Minerals Ltd - British Virgin Islands-based minerals and metals project developer - Receives GBP1.2 million non-refundable deposit that Suzhou TA&A Ultra Clean Technology Co was required to pay as part of their conditional subscription agreement announced on Tuesday. The subscription was to raise GBP12 million for the development of the Zulu Lithium and Tantalum project in Zimbabwe. Suzhou acquires 13% of the share capital of Premier following the completion of the subscription.

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21 Feb 2022 18:12

TRADING UPDATES: Panther Securities wins lease; NightCap opens new bar

(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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10 Feb 2022 19:09

IN BRIEF: Premier African transfers Circum shares for Vortex interest

IN BRIEF: Premier African transfers Circum shares for Vortex interest

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