Premier African Minerals Ltd has raised approximately £1.2 million by issuing 27.5 billion new shares to institutional and professional investors. The funds will be used to restart operations at the Zulu Lithium and Tantalum Project in Zimbabwe, focusing initially on processing about 13,000 tonnes of ore already on site. This marks a change from the original plan to build a larger stockpile before processing. The company aims to run a 15-day campaign to stabilize the plant and assess throughput, recoveries, and product quality, which will inform future decisions on expanding operations. The new shares are expected to begin trading on AIM around October 9, increasing the total shares to 77.6 billion.
Premier African Minerals' recent £1.2 million fundraising is noted here for context. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 05, 2026 14:11 WIB: out of 38 priced US stocks, 21 rose and 17 fell. FMC Corp traded at USD 8.58 with a 1-day change of -3.81%, while LyondellBasell Industries NV rose 2.77% to USD 59.05, and Aspen Aerogels Inc increased 2.46% to USD 5.83.
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