Premier African Minerals Ltd (AIM:PREM) rose 7.6% to 0.355p after it entered into a marketing and prepayment agreement with Suzhou TA&A Ultra Clean Technology (NASDAQ:UCTT).

The agreement will allow Premier to establish a large-scale pilot plant at its Zulu Lithium and Tantalum Project to produce spodumene concentrate (SC6) from the third quarter of 2023.

“The prepayment is expected to fully fund the construction phase and is interest-free provided first shipment[s] occur by 31 March 2023. At present SC6 pricing, the pre-payment is expected to be fully liquidated inside of twelve months,” asserted George Roach, the chief executive officer of Premier.

A pre-closed period trading update from RPS Group (LSE:RPS) PLC prompted a 2.7% rise in the share price of the environmental consultancy company to 113p.

Performance for the first five months of the year was encouraging and ahead of the board’s expectations, with 12% year-on-year growth in fee revenue (at constant currency) and an improvement of one percentage point on margins.

Following the strong start to the year and in view of the growing contracted order book, RPS expects momentum to continue in the second half.

Source link


The above content is from google feed with the source link mentioned. If you wish to remove the content from here then contact us and it will be removed within 24 hrs.