{"id":129745,"title":"Shares tumble 16% as Premier African Minerals lands £500k lifeline","publisher":"Share Talk","author":"sharetalk","published":"2025-11-27T10:22:32+00:00","modified":"2025-11-27T10:23:03+00:00","canonical_url":"https://www.share-talk.com/shares-tumble-16-as-premier-african-minerals-lands-500k-lifeline/","markdown_url":"https://www.share-talk.com/shares-tumble-16-as-premier-african-minerals-lands-500k-lifeline.md","json_url":"https://www.share-talk.com/shares-tumble-16-as-premier-african-minerals-lands-500k-lifeline.json","category":"Mining","categories":["Mining"],"tags":["Adriatic Metals PLC","George Roach","Godfrey Manhambara","Graham Hill","Mineral Resource","Mr Pei Zenzhue","operations","Pilot","Plant","PREM","Premier African Min","Share Talk","Suzhou TA&A","Tantalum Project","Zulu Lithium"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/03/PREM.webp?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"**Premier African Minerals raises £500k to support Zulu lithium production push**\n\n[Premier African Minerals Limited](https://www.investegate.co.uk/announcement/rns/premier-african-minerals-ltd--prem/interim-funding-/9259990) has secured around **£500,000** in new funding to strengthen operations at its flagship **Zulu Lithium and Tantalum Project**, as it prepares for the next phase of production upgrades.\n\nThe company raised the funds through a subscription for **869,565,217 new ordinary shares** at **0.0575 pence per share**, with the proceeds earmarked for essential site costs, including operational consumables and preparations for the **acquisition and installation of a new flotation cell plant**. Additional funds will also support general working capital requirements.\n\nThe new flotation plant is a key component in Premier’s efforts to improve processing efficiency and move towards more consistent, commercially viable production at Zulu.\n\nFollowing the share issuance, Premier’s total issued share capital will rise to **9,355,468,121 ordinary shares**.\n\nThe fundraise reflects the company’s continued focus on stabilising and optimising its lithium operations as it works to position Zulu as a scalable, revenue-generating asset in a strengthening lithium market.\n\n**Graham Hill, CEO, commented:**\n\n“This subscription will provide working capital to support essential operational requirements at Zulu and also allow an initial preparation for the Xinhai Flotation Plant”."}