**Summary**
Premier African Minerals Limited (AIMPREM) announced an extension of the Long Stop Date in its Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd., regarding the Zulu Lithium and Tantalum Project in Zimbabwe. The Long Stop Date has been extended from December 31, 2025, to the earlier of June 30, 2026, or the date a reputable buyer acceptable to Canmax executes a binding agreement to settle Canmaxs prepayment amount plus interest. This amendment provides clarity and continued support for the projects progression.
Key changes to the agreement include
1. Removal of the requirement for Premier to procure a non-binding expression of interest from a reputable buyer within 30 days.
2. Retention of current office bearers of Premier and Zulu Lithium Private Limited until the end of the Long Stop Adjustment, unless approved by Canmax.
3. Maintenance of the security package announced in December 2024, with additional documentation as needed.
Graham Hill, Managing Director, expressed gratitude for Canmaxs collaboration. The announcement complies with Market Abuse Regulations and includes forward-looking statements, noting potential risks and uncertainties. Premier African Minerals remains focused on its multi-commodity mining projects in Southern Africa, including tungsten, lithium, and rare earth elements in Zimbabwe.