24 Jan 2025
Premier African Minerals Secures £4.7M for Zimbabwe Lithium Project
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Premier African Minerals has raised £4.7 million through share placements to advance operations at the Zulu lithium and tantalum project in Zimbabwe.
The funding, which includes £1.2 million announced on January 17 and £3.5 million on January 16, is expected to support the full restart of operations at the Zulu Mine.
The funds will be used for a 3-5-day test run of the Zulu Mine, the acquisition of a flotation plant and the settlement of outstanding creditor and staff payments.
Additionally, the company has launched a separate share offering to raise an extra £2.3 million to further fund the Zulu mine project.