UK-based mining and exploration company Premier African Minerals has reached an agreement with its principal shareholder Canmax Technologies to extend the long stop date related to a restated offtake and prepayment agreement between the parties in respect of the Zulu lithium and tantalum project, in Zimbabwe.
The long stop date has been extended from December 31, 2025, to June 30, this year – or the date on which a reputable buyer approved by Canmax executes a binding agreement to settle or manage Canmax’s prepayment amount plus interest.
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