Premier African Minerals CEO Explains Profit-Sharing Deal with Canmax & Preemptive Rights #prem

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Premier African Minerals is proposing to modify their deal with Canmax: Instead of Canmax purchasing the mineral Spodumene directly, the new model would operate on a profit-sharing basis linked to the price of Lithium Hydroxide, which is more stable and widely available in markets. The costs incurred by both companies in producing and processing the mineral would be accounted for in determining profit share. George explains the proposed preemptive rights to issue more shares if necessary but confirms that he does not plan to issue more shares at this stage, describing it as an "insurance policy" in case anything goes wrong with the Canmax deal.