REG - Kazera Global PLC - Extension of Loan Facility

Kazera GlobalAnnouncement

28/10/2025 11:30

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RNS Number : 1461F  Kazera Global PLC  28 October 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

28 October 2025

Kazera Global plc

("Kazera", the "Group" or the "Company")

 

Extension of Loan Facility

 

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, announces
that it has agreed with its lenders, Richard Jennings and Tracarta Limited
(together, the "Lenders"), to extend the term of the unsecured loan facilities
originally entered into in August 2024 (the "Facility Agreements"), as
detailed in an RNS dated 9 August 2024.

Under the original Facility Agreements, the loans were due for repayment on or
before 30 October 2025. The Company and the Lenders have agreed to extend the
repayment date to 30 April 2026, in order to provide continued financial
flexibility as the Company advances its operations.

Revised Terms

The principal revised terms of the Facility Agreements are as follows:

·      Term: Extended from 30 October 2025 to 30 April 2026.

·      Interest: Fixed interest of 10%, accruing over both the principal
and accrued interest.

·      Reprofiling Fee: A 10% reprofiling fee will be settled in cash
or, at the Company's discretion, through the issue of new ordinary shares. If
settled in shares,  the issue price will be the lower of the price of any
shares issued in the next capital raise after this agreement or the five-day
volume weighted average price (VWAP) at the date of signing. Any such shares
will be issued either on the date of that capital raise or, if no raise
occurs, within 30 days of this agreement.

All other terms of the Facility Agreements remain unchanged.

Dennis Edmonds, Chief Executive Officer of Kazera Global plc, commented: "We
are extremely grateful to both Richard Jennings and Tracarta Limited for their
continued support and confidence in Kazera. This extension provides the
Company with additional flexibility and stability as our investee companies,
Whale Head Minerals (Pty) Ltd and Deep Blue Minerals (Pty) Ltd, continue to
strengthen their heavy mineral sands and diamond production, to drive
sustained and growing cash generation. The willingness of our major
shareholders to extend the facility demonstrates their ongoing commitment to
Kazera's long-term strategy and their belief in the value creation potential
of our South African investments."

Related Party Transaction

John Wardle, the ultimate beneficiary owner of Tracarta Limited and
non-executive Chairman of the Company, and Catalyse Capital Ltd & Related
Parties RS & CA Jennings, which is a significant shareholder in the
Company, have extended the term of the Facility Agreements as set out above.

Such agreements constitute related party transactions pursuant to AIM Rule 13
of the AIM Rules for Companies. Accordingly, the independent directors for the
purposes of the Facility Agreements,  having consulted with Strand Hanson
Limited, the Company's Nominated Adviser, consider the terms of the extension
of the Facility Agreements to be fair and reasonable insofar as the Company's
shareholders are concerned.

 

For further information, visit www.kazeraglobal.com
(http://www.kazeraglobal.com) or contact:

 

 Kazera Global plc                                                kazera@stbridespartners.co.uk

 Dennis Edmonds, CEO
 Strand Hanson Limited (Nominated, Financial Adviser and Broker)  Tel: +44 (0)207 409 3494

 Christopher Raggett / Ritchie Balmer / Imogen Ellis
 St Brides Partners Limited (Financial PR)                        kazera@stbridespartners.co.uk

 Paul Dulieu/Isabel de Salis

 

About Kazera Global plc

Kazera is a global investment company focused on leveraging the skills and
expertise of its Board of Directors to develop early-stage mineral exploration
and development assets towards meaningful cashflow and production. Its three
principal investments are as follows:

 

Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay,
South Africa

Kazera currently has a 100% direct interest in Deep Blue Minerals, of which
74% is held beneficially by Kazera and 26% is held on behalf of Black Economic
Empowerment partners.

 

Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and
zircon) through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.

Kazera currently has a 70% direct beneficial interest in Whale Head Minerals
together with the benefit of a loan facility entitling it to receive
approximately £38m out of dividends from the other shareholders.

 

Tantalite mining in South-East Namibia (divestment in progress)

As announced on 20 December 2022, Kazera agreed to dispose of African Tantalum
(Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a debenture
payment of 2.5% of the gross sales of produced lithium and tantalum for
life-of-mine. Completion of the sale was subject to receipt of full
consideration proceeds. Aftan was deconsolidated from the Company's financial
statements with effect from 4 January 2023 because, in accordance with the
terms of the sale agreement, it had relinquished control of Aftan in favour of
the purchaser, Hebei Xinjian Construction Close Corp ("Hebei Xinjian") with
effect from that date. Kazera retained the right to cancel the transaction and
retain all amounts paid to date in the event of default by Hebei Xinjian.
Following default by Hebei Xinjian, Kazera initiated legal proceedings in
September 2024, which have now concluded in Kazera's favour with an
arbitration award exceeding US$11.9 million, including interest, plus coverage
of legal costs. Kazera is now assessing the most effective legal and
commercially beneficial avenues to enforce the award and recover the full
amount due.

 

The Company will consider additional investment opportunities as appropriate,
having regard to the Group's future cash flow requirements.

 

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