REG - Kazera Global PLC - Receipt of second tranche of investment

Kazera GlobalAnnouncement

17/08/2022 07:00

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RNS Number : 2933W  Kazera Global PLC  17 August 2022

17 August 2022

Kazera Global plc

("Kazera" or the "Company")

Receipt of second tranche of investment

 

Kazera Global plc, the AIM quoted investment company, is pleased to advise
that, further to the 26 July 2022 announcement of the receipt of the first
tranche of the investment in the Company's new lithium JV and produced from
the Company's wholly owned mine at Tantalite Valley, Namibia, that the Company
has now received the second payment of US$ 400,000 in accordance with the
terms of the transformational deal on Lithium announced on 20 July 2022.

 

 

Dennis Edmonds, Kazera Chief Executive Officer, commented:

 

"We are pleased to confirm the timely receipt of the second instalment of the
investment under the lithium deal, highlighting Xinjian's positive outlook for
Kazera's JV.

We are now focused on maximising this investment in our Namibia operations
with a view to also substantially increasing Tantalum production this year,
and to commencing lithium sales in Q1 2023 for which the global energy
landscape and the importance of materials linked to the electric revolution
continues to grow apace by the day.."

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No. 596/2014 ('MAR'). Investor Presentation.

For further information on the Company, visit: www.
(http://www.kazeraglobal.com/) kazeraglobal (http://www.kazeraglobal.com/)
.com (http://www.kazeraglobal.com/)

 

 Kazera Global plc (c/o Camarco)                        Tel: +44 (0)203 757 4980

 Dennis Edmonds (CEO)

 finnCap (Nominated Adviser and Joint Broker)           Tel: +44 (0)207 220 0500

 Christopher Raggett / Tim Harper (Corporate Finance)

                                                        Tel: +44 (0) 207 220 9797

 Peterhouse Capital Limited (Joint Broker)

 Duncan Vasey and Lucy Williams (Corporate Broker)

 Camarco (PR)                                            Tel: +44 (0)20 3781 8331

 Gordon Poole / James Crothers / Hugo Liddy

 

**ENDS**

 

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