Base Metals
Posted By OrePulse
Published: 21 Aug, 2025 10:59
Premier to raise £1.38 m to fund Zimbabwe project
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.
“We are very pleased to have completed this capital raise at a price representing a significant premium to our last funding round, and see this as clear recognition of the progress we are making,” CEO George Roach says.
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