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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% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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