By: Creamer Media

Premier MD Graham Hill says the funding raised provides important working capital to contribute towards ongoing operational requirements at Zulu, including the continuation of mining and stockpiling activities.

Following the company's recent update regarding the Zulu lithium and tantalum project, in Zimbabwe, the company says the board remains focused on maintaining operational continuity across both Premier and the Zulu project, while constructive discussions continue with Canmax Technologies regarding the extension of the long stop date of a prepayment and offtake agreement.

Hill says the board remains firmly focused on advancing Zulu towards sustained production and commercial operation and believes the subscription will support continued progress and preparations for the next production and optimisation campaign once a revised operating timetable has been confirmed.