REG - Premier African Min. - Issue of Equity

Premier African MineralsAnnouncement

25/02/2026 17:00

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RNS Number : 4164U  Premier African Minerals Limited  25 February 2026

25 February 2026

Premier African Minerals Limited

 

Issue of Equity

 

Premier African Minerals Limited ("Premier" or the "Company") is pleased to
announce that J R Goddard Contracting (Private) Limited ("JRG") has agreed to
accept a partial payment of US$77,765 in new ordinary shares of the Company in
line with mutual release and settlement agreement announced on the 19 January
2026.

 

Accordingly, the Company has today settled payment of US$US$77,765 (equivalent
to £60,753,62) in outstanding invoices through the issue of 303,768,117 new
ordinary shares of the Company at the price of 0.02 pence per ordinary share,
being closing bid price on Tuesday, 24 February 2026 ("Settlement Shares").

 

The Settlement Shares will, when issued, rank pari passu in all respects with
the existing ordinary shares and any sales of the Settlement Shares will be
handled by Premier's brokers

 

Admission

 

Application is being made for 303,768,117 Settlement Shares to be admitted to
trading on AIM and admission is expected to take place on or around 3 March
2026.

 

Total Voting Rights

 

Following the issue of the New Shares, the Company's issued share capital
consists of 14,211,319,467 Ordinary Shares, with voting rights.

 

This figure may be used by shareholders in the Company as the denominator for
the calculation by which they will determine if they are required to notify
their interest in, or a change to their interest in, the share capital of the
Company under the Financial Conduct Authority's Disclosure and Transparency
Rules.

 

Market Abuse Regulations

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of
the European Union (Withdrawal) Act 2018 ("UK MAR").

The person who arranged the release of this announcement on behalf of the
Company was Graham Hill.

A copy of this announcement is available at the Company's
website, www.premierafricanminerals.com
(https://url.avanan.click/v2/r02/___http:/www.premierafricanminerals.com/___.YXAxZTpzaG9yZWNhcDphOm86NDU5OGU0ZDgzYTJhOTIyZjliOTk4ODJkZWFmNTJlZTg6NzphYTg0Ojc2YzFhOGFhN2NmNjk2OWY1NzlkYTNjNGExM2ExZGI0YjBlNDMyYWVlZjg2ZTAxZmQ2NTc0OTRjODZiMzE5MDY6cDpUOk4)
.

Enquiries:

 

 Graham Hill                         Premier African Minerals Limited    Tel: +27 (0) 100 201 281
 Michael Cornish / Roland Cornish    Beaumont Cornish Limited            Tel: +44 (0) 20 7628 3396

                                     (Nominated Adviser)
 Douglas Crippen                     CMC Markets UK Plc                  Tel: +44 (0) 20 3003 8632
 Toby Gibbs/ Harry Davies-Ball       Shore Capital Stockbrokers Limited  Tel: +44 (0) 20 7408 4090

 

Nominated Adviser Statement

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is
acting as nominated adviser to the Company in connection with this
announcement and will not regard any other person as its client and will not
be responsible to anyone else for providing the protections afforded to the
clients of Beaumont Cornish or for providing advice in relation to such
proposals. Beaumont Cornish has not authorised the contents of, or any part
of, this document and no liability whatsoever is accepted by Beaumont Cornish
for the accuracy of any information, or opinions contained in this document or
for the omission of any information. Beaumont Cornish as nominated adviser to
the Company owes certain responsibilities to the London Stock Exchange which
are not owed to the Company, the Directors, Shareholders, or any other person.

Notes to Editors:

Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and
natural resource development company focused on Southern Africa with its RHA
Tungsten and Zulu Lithium projects in Zimbabwe.

 

The Company has a diverse portfolio of projects, which include tungsten, rare
earth elements, lithium and tantalum in Zimbabwe, encompassing brownfield
projects with near-term production potential to grass-roots exploration.

 

Ends

 

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