Premier African Minerals faces share drop and investor concerns amid Zulu Lithium Project missing production deadlines

Premier African Minerals (PREM), a miner of the Zulu Lithium Project in Zimbabwe, saw its shares drop over 6% following recent updates. The company announced a partial suspension of operations for further testing and installation at the Zulu plant and acknowledged that it would not meet upcoming production deadlines with Canmax, whom is in the ongoing discussions about potential penalty payments or other actions.

The past six months have witnessed PREM go through a turbulent journey including missed shipment and plant shutdown. Its London Stock Exchange listed stocks had dropped by 40% in this June. The future remains blurred for PREM and Canmax’s investment.