Premier African Minerals Raises £500,000 for Zulu Lithium Project; Saudi Arabia Enhances Critical Minerals Cooperation
Premier African Minerals has raised approximately £500,000 through new share issues to support its Zulu lithium and tantalum project in Zimbabwe. The funding will aid the installation of a flotation plant by Xinhai Technology Processing. Concurrently, Saudi Arabia, under Crown Prince Mohammed bin Salman, is advancing its mining sector to become a processing hub for critical minerals, with agreements signed for new facilities and U.S. cooperation on mineral supplies.
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Premier African Minerals has raised about £500,000 through new ordinary shares to support its Zulu lithium and tantalum project in Zimbabwe, particularly for the installation of a flotation plant by Xinhai Technology Processing. Additionally, the company has settled £100,000 in supplier invoices through share issuance.
Meanwhile, Saudi Arabia is enhancing its mining sector, aiming to position itself as a processing center for critical minerals, with over $2.5 trillion in mineral reserves. Recent agreements with the U.S. underline the importance of secure mineral supply chains as both countries seek to diversify sources and ensure stable production.
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