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Premier African Minerals Raises GBP263,000 Through Share Issue

Thu, 12th Dec 2019 11:26

(Alliance News) - Premier African Minerals Ltd, a developer of strategic metals and agri mineral projects, on Thursday said it has raised gross proceeds of GBP262,293 via issue of 262.3 million shares at 0.1 pence each.

Premier African Minerals shares were trading 18% lower in London on Thursday at 0.10p each.

"With our Zimbabwean operations being on the verge of hopefully turning a corner, we believe that this was a good opportunity for investors to participate in a fundraise on the retail friendly platform of PrimaryBid," said Chief Executive George Roach.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

19 May 2023 15:57

Premier African Minerals raises another £0.61m through placing

(Sharecast News) - Premier African Minerals announced a further placing to raise £0.61m before expenses on Friday, for the ongoing Zulu lithium and tantalum project's pilot plant optimisation.

19 May 2023 09:38

IN BRIEF: Premier African Minerals placing raises extra Zulu funds

Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Announces further placing of 65.9 million shares at 0.925 pence each to raise GBP610,000. Chief Executive Officer George Roach has subscribed for 11.9 million shares at the placing price for GBP110,000 in total. Premier African will apply for shares' admission to trading on AIM, expected to take place on or around Thursday next week. Update follows company's original announcement on Monday of placing to raise GBP1.8 million before expenses at 0.925p per share. Premier African says proceeds will fund pilot plant optimisation for its ongoing Zulu lithium and tantalum project in Zimbabwe. Company also reported on Monday that the plant was producing concentrate from both the spodumene and mica flotation circuits. Placing was made via CMC Markets PLC which Premier African today has appointed as joint broker.

15 May 2023 17:26

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27 Apr 2023 21:44

IN BRIEF: Premier African Minerals says Zulu project work continues

Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Says Zulu lithium and tantalum project asset optimisation work continues in Zimbabwe, alongside open pit mining operations. Says the plant has demonstrated its ability to float mica/lepidolite rich concentrates and spodumene. Says it finds less weathered ore than anticipated, although ore body in line with internal geological mining model. Says ore body adds confidence to future operating guidance. Says cashflow is constrained at Zulu, although this is expected to be short term. Says it will implement applicable financing measures to deal with this in the lead up to first revenues from sale of concentrates in the coming weeks.

12 Apr 2023 18:20

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3 Apr 2023 16:00

Premier African Minerals sees shares fall on spodumene reagent delay

(Alliance News) - Premier African Minerals Ltd on Monday bemoaned production delays at its Zulu lithium and tantalum project in Zimbabwe.

29 Mar 2023 14:30

TRADING UPDATES: LoopUp eyes annual revenue to ahead of market view

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27 Feb 2023 19:42

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30 Jan 2023 14:23

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20 Dec 2022 19:09

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20 Oct 2022 21:56

TRADING UPDATES: Fiske swings to loss; Nanoco sees loss widen

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30 Sep 2022 21:57

EARNINGS UPDATES: Ross Group, Goldstone, Caerus interim loss widens

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7 Sep 2022 12:29

IN BRIEF: Premier African hails "pleasing" assay results in Zimbabwe

Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Posts assay results from Zulu Lithium & Tantalum Project in Zimbabwe. Finds up to 2.33% lithium oxide and 186 parts per million of tantalum pentoxide. Further, reports up to 2875 parts per million of rubidium, British Virgin Islands-registered firm says.

26 Aug 2022 14:34

IN BRIEF: Premier African Minerals hails quality of Zulu asset assays

Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Notes continued adequate quality of assays from ongoing work at Zulu lithium & tantalum project in Zimbabwe.

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