Interesting read for anyone interested in Buying...9 May 2026 22:23
Premier African Minerals was admitted to trading on the AIM market of the London Stock Exchange on 10 December 2012 under the ticker PREM. At admission, it raised £1.5 million via a placing at 2p per share, giving it an initial market capitalisation of about £6.7 million.
On the question of how much money it has raised since listing:
There is no single official cumulative figure published by the company.
However, PREM has carried out a very large number of placings, subscriptions and debt-for-equity conversions over the years, particularly between 2021–2025 to fund the Zulu lithium project.
Based on public AIM fundraising announcements, the company has raised well in excess of £100 million gross since listing, although the exact total depends on whether you include:
debt settlements converted into shares,
warrant exercises,
loan note restructurings,
and project-level financing.
As for the peak market capitalisation:
PREM’s market cap peaked during the lithium boom around early-to-mid 2023.
Contemporary market commentary and historical pricing data indicate the peak valuation was approximately £220 million.
For context, the company’s market value has since fallen sharply due to operational delays, continued dilution and lithium market weakness. Recent market caps have been below £10 million.