Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Announces a conditional subscription of shares by Canmax Technologies Co Ltd to raise GBP5 million, before expenses, for the ongoing pilot optimisation at the Zulu Lithium & Tantalum project in Zimbabwe. The subscription funds remaining expected operational expenditure and any shortfall in remedial expenses.

Premier is targetting revenue generating production at the Zulu project by November. Canmax is the company's largest shareholder.

Current stock price: 0.44 pence, down 5.2% in London on Wednesday afternoon

12-month change: up 32%

By Heather Rydings, Alliance News senior economics reporter

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