Premier African Minerals creditor issues writ over property at Zulu project.
Premier African Minerals said on Tuesday that a creditor had issued a writ of execution over movable property at its Zulu lithium and tantalum project in Zimbabwe, escalating a dispute linked to an outstanding court judgment.
Premier African Minerals Ltd (DI)
23 December 2025 16:41:15
Source: Sharecast
The AIM-traded miner said JR Goddard Contracting issued a writ of execution for movable property at Zulu Lithium through the High Court of Zimbabwe, seeking to realise about $2.2m.
It followed a notice of demand disclosed on 10 December, which sought payment of $2.3m ahead of enforcing a previously stayed judgment of $2.5m.
Premier said communication between the parties remained open and ongoing, adding that it believed that, subject to the financial position at Zulu Lithium, any movable property attached under the writ could be recovered through agreement on further payment arrangements with the creditor.
At 1616 GMT, shares in Premier African Minerals were down 32.25% at 0.02p.
Reporting by Josh White for Sharecast.com.
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
