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Premier African Minerals raises £250,000

"I expect this will be the last direct placement Premier will need in advance of expectations for the exclusive prospecting order application at Zulu Lithium and Tantalum project, and the ongoing electrification at the RHA Tungsten Mine in Zimbabwe.

Premier African Minerals Ltd - Premier African Minerals raises £250,0000

Premier African Minerals Limited (LON:PREM) has raised a gross £250,000 through a share subscription 0.02p per share. 

George Roach, chief executive, said: "I expect this will be the last direct placement Premier will need in advance of expectations for the exclusive prospecting order application at Zulu Lithium and Tantalum project, and the ongoing electrification at the RHA Tungsten Mine in Zimbabwe.

 “At the same time, we are pleased with reports of ongoing increases in production tonnage at Otjozondu Mining in Namibia and we look forward to the possibilities that a closer association with this mine will bring in the future to Premier and its shareholders".

Quick facts: Premier African Minerals Ltd

Price: 0.12 GBX

AIM:PREM
Market: AIM
Market Cap: £13.2 m
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