Premier African Minerals to Showcase Portfolio of Strategic Metals Projects at CMA 2024
As the Premier African Minerals continued to enhance operational efficiency and production capabilities at its strategic minerals projects across Africa, CEO George Roach will discuss the company's investment and growth strategy at the Critical Minerals Africa (CMA) 2024 summit, taking place in Cape Town from November 6-7.
The CMA 2024 summit on November 6-7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week: Invest in African Energy 2024 conference on November 4-8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting [email protected].
Premier African Minerals is increasing the flow of investments across the African critical minerals sector through strategic capital raising initiatives. The company secured a $300,000 working capital facility from Zimbabwe lenders in April 2024 and announced plans to inject $2.5 million to fast-track the commissioning of the Zulu lithium project.
Premier African Minerals also partnered with exploration firm Li3 Resources in July last year to fund exploration activities in Zimbabwe's Mutare region. The joint venture will also provide funding for the Otjozondu Manganese Mining Project in Namibia through its subsidiary MN Holdings. Meanwhile, the company's involvement in the Danakil Potash Project in Ethiopia – in partnership with mining company Vortex – demonstrates its commitment to driving growth and investment in Africa. At CMA 2024, Roach is expected highlight Premier African Minerals’ commitment to supporting Africa's critical mineral value chain.
“Africa's vast reserves of lithium and rare earth elements hold immense potential to accelerate the global energy transition and stimulate local economic growth. Unlocking this potential requires the specialized financial and market expertise of companies like Premier African Minerals,” stated Rachelle Kasongo, Project Director at CMA 2024 organizer Energy Capital & Power.