Corporate Update
Premier signed non-binding letter with Glencore on spodumene concentrate purchase and Zulu project debt management.
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Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce that further to the announcement on 1 April 2025 ("Announcement"), Premier has entered into a non-binding letter of interest with Glencore International Ag ("Letter") regarding the possible purchase of spodumene concentrate and repayment and/or management of the prepayment amount plus interest owed in respect of the Zulu Lithium and Tantalum Project ("Zulu").
Premier has agreed with Canmax Technologies Co., Ltd to use its best endeavours within the next three months to have the letter issued as a binding agreement subject to pre-conditions inter alia that the plant achieves the required grade and tonnage.
George Roach, CEO, said, "Premier appreciate enormously the commitment and persistence from all to get us to this point.
Our focus is now firmly set on the final completion and optimisation of the spodumene float section".
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.