LONDON - Premier African Minerals (LON:PREM) Limited has announced progress in its negotiations with commodities giant Glencore (OTC:GLNCY) International AG for the potential sale of spodumene concentrate from its Zulu Lithium and Tantalum Project. The company disclosed on Monday that it has signed a non-binding letter of interest with Glencore concerning the purchase and financial arrangements related to the project.
As part of the agreement, Premier has committed to working with Canmax Technologies Co., Ltd to finalize a binding agreement within the next three months, contingent on the Zulu project’s ability to meet specific production grade and volume requirements.
George Roach, CEO of Premier, expressed gratitude for the dedication shown by all parties involved in reaching this stage and emphasized the company’s focus on completing and fine-tuning the spodumene float section of the project.
This development comes after an initial announcement made on April 1, 2025, and reflects Premier’s ongoing efforts to advance the Zulu project. The company considers the information in this update to be of significant value, classified as inside information under the Market Abuse Regulations, which are part of UK Domestic Law following the European Union (Withdrawal) Act 2018.
The details of this corporate update are available on Premier African Minerals’ website. This report is based on a press release statement from the company.
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