Base Metals
Posted By OrePulse
Published: 24 Apr, 2025 07:11
Premier African Minerals seeks lithium offtake deal with Glencore
The London-listed Premier operates the Zulu lithium mine in Zimbabwe, where it has missed several production deadlines because of technical problems to bring online a spodumene concentrator.
As a result, it owes major shareholder Canmax Technologies $35 million plus interest under an offtake prepayment deal.
"Premier has entered into a non-binding letter of interest with Glencore International regarding the possible purchase of spodumene concentrate," Premier said in a statement.
Glencore declined to comment.
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