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Pin to quick picksPremier African Minerals Share News (PREM)

Share Price Information for Premier African Minerals (PREM)

London Stock Exchange
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Share Price: 0.1875
Bid: 0.185
Ask: 0.19
Change: 0.00 (0.00%)
Spread: 0.005 (2.703%)
Open: 0.1875
High: 0.19
Low: 0.185
Prev. Close: 0.1875
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TRADING UPDATES: Fulcrum acquires Ontario gold tailings project

Wed, 10th Apr 2024 13:36

(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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Fulcrum Metals PLC - Canada-focused commodity explorer - Subsidiary Fulcrum Metals Canada Ltd enters into agreement to acquire a 100% interest in the Sylvanite Gold Tailings project, Ontario. Says the mine, located near Fulcrum's Teck-Hughes Gold Tailings project, "significantly expands its footprint in the Kirkland Lake Gold Camp, one of the most productive gold camps in Canada". The project has a historic tailings resource estimate of up to 67,051 ounces of gold, and Fulcrum believes a combination of gravity, grinding and flotation techniques could boost the recovery of gold tailings to 70%. Chief Executive Officer Ryan Mee says: "This not only enhances our presence in the Kirkland Lake gold camp, one of the most productive gold camps in Canada, but provides us with an opportunity to create a tailings hub and, therefore, economies of scale." Fulcrum will pay a total consideration of CAD340,000 for the interest, around GBP197,000, comprising a CAD240,000 cash consideration and CAD100,000 worth of Fulcrum shares. Panther Metals PLC, which holds a 20% interest in Fulcrum, noted the announcement, describing the deal as "a significant win for the company given the potential economic returns available through tailings reprocessing and mine waste management opportunities".

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Vinanz Ltd - British Virgin Islands-based cryptocurrency business and bitcoin miner - Receives The Depository Trust Company full-service eligibility in the US, which Vinanz says will make its shares "more accessible to US retail and institutional investors". The DTC is the largest securities depository in the world, and facilitates the electronic settlement of stock certificate transfers in the US. Vinanz shares are now eligible to be electronically cleared and settled through the DTC, and the company says this security clearing method "offers a more efficient, lower-cost settlement process for investors and brokers". Executive Chair David Lenigas says: "Securing DTC eligibility is very exciting news for the company and completes our goal of enabling US investors to easily trade in Vinanz's shares under our OTCQB listing on-line, in real-time and in US dollars with the ticker symbol 'VINZF'".

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Aura Energy Ltd - clean energy mineral developer focused on advancing the Tiris Uranium Project in Mauritania - Says that the results from recent drilling at Tiris "continue to demonstrate the significant potential to grow the Project's Mineral Resources". The current resource estimate for Tiris is 58. Drilling has defined mineralisation over an 8 kilometre strike at the Hippolyte South section, and Aura said that further drilling at the Sadi area will contribute to an updated estimate of the project's resources. Aura is expecting to release an updated mineral resource estimate for Tiris this quarter. A recent front end engineering design study at Tiris demonstrated the project's "excellent economics", Aura says, with a net present value estimate of USD366 million and a 34% internal rate of return.

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Premier African Minerals Ltd - acquirer and developer of mineral assets across Africa - Says that the findings from the engineering contractor at the Zulu lithium plant identified ore grades and contained spodumene consistently ranging from 1.1% to 1.7% lithium oxide. Stability in the comminution circuit has been achieved at the plant, and "the new mill and jet sizers are now consistently able to provide the required tonnage of correctly sized material to the thickener", Premier adds. Chief Executive Officer George Roach says: "Premier believes we are now in the home stretch with commissioning the Zulu plant operation. Our team at Zulu and our original equipment manufacturers should be commended for what has been achieved in the past 5 weeks and Premier looks forward to finally getting this plant over the line."

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By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
12 Apr 2024 13:20

Premier African raises another £1m due to strong institutional interest

(Sharecast News) - Premier African Minerals announced on Friday that it had raised a fresh £1m, due to strong institutional interest in its fundraising announced on 11 April.

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12 Apr 2024 10:46

Premier African Minerals announces third share subscription of 2024

(Alliance News) - Premier African Minerals Ltd on Friday said it has accepted the subscription of further shares following strong institutional interest.

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11 Apr 2024 13:05

IN BRIEF: Premier African raises GBP2 million for Zulu lithium asset

Premier African Minerals Ltd - minerals and metals producer focused on projects in Zimbabwe and Namibia - Announces a subscription offer for 1.2 billion new shares at an issue price of 0.17 pence each to raise around GBP2.0 million. Says the proceeds will go towards development of the company's Zulu lithium and tantalum project in Zimbabwe. The issue price represents a 15% discount to the company's Wednesday closing share price of 0.20p.

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2 Apr 2024 13:22

UK shareholder meetings calendar - next 7 days

Wednesday 3 April 
Downing Strategic Micro-Cap Investment Trust PLCGM re approval of B share scheme
Quantum Exponential Group PLCGM re delisting or potential investment in company
Thursday 4 April 
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
TheWorks.co.uk PLCGM re Main Market delisting and AIM admission
Friday 5 April 
Faron Pharmaceuticals LtdAGM
VPC Specialty Lending Investments PLCGM re capital return via B share scheme
Monday 8 April 
Premier African Minerals LtdAGM
Tuesday 9 April 
Ethernity Networks LtdEGM re board appointments and option grants
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(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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29 Feb 2024 18:06

TRADING UPDATES: United Oil adds Jamaica expert; Vaalco makes buy

(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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26 Feb 2024 20:17

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

(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 Feb 2024 15:51

EARNINGS AND TRADING: Sure Ventures value down after VividQ fundraise

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

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15 Feb 2024 14:17

IN BRIEF: Premier African Minerals announces discounted Zulu fundraise

Premier African Minerals Ltd - Metal and mineral developer focused on Africa - Announces a fundraise for GBP2.5 million through a subscription at an issue price of 0.275p per new share. This represents a 17% discount to the company's Wednesday closing price of 0.33p per share. Proceeds will go towards the company's Zulu lithium and tantalum project in south-west Zimbabwe. Premier African says it has sufficient funding to take it to first production at Zulu, with commercial production set to commence in late February and first shipments expected for March. Negotiations with Zimbabwe-based lenders for working capital facilities at Zulu are ongoing, the company says.

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9 Feb 2024 11:46

Premier African Minerals announces new Zulu resource estimate

(Sharecast News) - Premier African Minerals announced an update to its Zulu lithium and tantalum project on Friday, with the release of a new SAMREC-compliant mineral resource estimate, replacing the previous estimate issued in June 2017.

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9 Feb 2024 11:22

IN BRIEF: Premier African notes new mineral resource estimate for Zulu

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says mineral resource estimate forecasts lithium oxide at 107,366 tonnes and the direct conversion of the contained lithium oxide to spodumene concentrate is 1,789,433 tonnes at Zulu lithium and tantalum project.

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24 Jan 2024 20:16

EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation

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

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18 Jan 2024 14:18

IN BRIEF: Premier African says production to begin next month at Zulu

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says new ball mill that has been custom built for its Zulu lithium and tantalum project in Zimbabwe is expected to depart from South Africa in the last week of January. The ball mill is the last major item to be placed for a restart of production that is still anticipated for late February, Premier African says. By February, the company says "additional hydrosizer, mill discharge screen, and associated tanks, sumps and pumps" will have been installed.

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9 Jan 2024 11:47

IN BRIEF: Premier African to start Zulu production in February

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says drill assay results at Zulu lithium and tantalum project in Zimbabwe show consistent spodumene concentrate grades as low as 4%. Results also show lithium oxide grades of 1.00% and 0.95%. Chief Executive Officer George Roach says: "Those surface trench and drill hole results, originating from the Southeast pegmatite, represent very good potential for this pegmatite that is adjacent but discrete from the main mining and pit developments underway at present." Adds it is on track to target revenue generating production by late February.

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