IN BRIEF: Premier African Minerals continues financing talks re Zulu

Premier African Minerals Ltd - developing RHA tungsten and Zulu lithium projects in Zimbabwe - ...

Alliance News 6 March, 2025 | 7:59PM
Email Form Facebook Twitter LinkedIn RSS

Premier African Minerals Ltd - developing RHA tungsten and Zulu lithium projects in Zimbabwe - Updates on the progress of ongoing refinancing efforts of its 100%-owned Zulu Lithium and Tantalum Project. Premier says it actively seeking a fully funded solution for Zulu and is actively engaging with all existing stakeholders, in particular Zulu's prepayment and offtake partner with whom detailed discussions continue. Whilst this remains the preferred solution, Premier is also engaged with other new potential investors. In the absence of a financing solution, Premier may need to consider alternative options for Zulu which may include raising financing at the subsidiary level, a sale of Zulu whilst keeping it in a state of care and maintenance, the liquidation of the assets of Zulu, or other options available under Zimbabwean laws including a corporate rescue of Zulu.

Premier says its principal trade creditors have, to date, remained supportive of Zulu pending the flotation plant remedial work and further reassurances by the company of its plan that Zulu's operations will be recommissioned in good time to support a full settlement.

Current stock price: 0.02 pence, down 5.7% in London on Thursday

12-month change: down 94%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Premier African Minerals Ltd 0.02 GBX -9.52 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures