London-listed Premier African Minerals has announced a subscription to raise £1.38-million, before expenses, for its Zulu lithium and tantalum project, in Zimbabwe. The company’s principal priority and the basis of this funding are, firstly, to fund ongoing refining and optimising of the primary flotation plant; secondly, to provide funding for the alternative spodumene float plant should this proceed pending the review as announced this month; thirdly, to partially fund certain operating expenses and debt settlements while the negotiations outlined in a previously announced nonbinding letter of interest are concluded; and, lastly, for working capital.
