REG - Kazera Global PLC - Subscription to Raise £1.3 million

Kazera GlobalAnnouncement

Mon 07:00

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RNS Number : 8442G  Kazera Global PLC  10 November 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.

 

10 November 2025

 

Kazera Global plc

("Kazera" or the "Company")

 

Subscription to Raise £1.3 million

 

Fundraise to Accelerate HMS & Diamond Production and Prepare for 2A

 

Kazera Global plc (AIM: KZG), the investment company focused on heavy mineral
sands ("HMS") and diamond production in South Africa, is pleased to announce
that it has secured commitments to subscribe (the "Subscription") for
87,666,666 new ordinary shares of 0.1 pence each (the "Ordinary Shares" and
such 87,666,666 Ordinary Shares being the "Subscription Shares") at 1.5 pence
per Subscription Share (the "Subscription Price").

 

The Subscription will raise gross proceeds of £1,315,000 (net proceeds of
£1,300,000) and will drive the next growth phase at Kazera's HMS and diamond
operations, increasing capacity, enhancing efficiency, and lifting
profitability.

 

The Subscription Price represents a premium of 7.14 per cent. to the closing
price per Ordinary Share on 7 November 2025.

 

HIGHLIGHTS

·    Funds raised will help drive the next growth phase at Kazera's HMS and
diamond operations, increasing capacity, enhancing efficiency, and lifting
profitability.

·    Significant support from existing and new investors, reflecting
confidence in Kazera's assets, management team, and growth trajectory.

·    Fundraise completed at 1.5 pence per share, with each new share
carrying a three-for-two warrant over further Ordinary Shares exercisable at
2.5 pence for 12 months.

·   The Company intends to enable existing and other qualifying investors to
participate alongside the Subscription. Further details will be announced in
due course.

 

Commenting on the Fundraise, CEO Dennis Edmonds said: "In the past year, Whale
Head Minerals and Deep Blue Minerals have advanced from planning and
permitting to early stage production, establishing a strong operational
platform for continued growth. This fundraise marks the next step in that
journey, providing the financial capacity to scale throughput, enhance
recoveries, and strengthen our capability across the business, from the mine
gate to the boardroom, to deliver sustained profitability and capture the
significant opportunities ahead.

 

"As announced last week, the remaining objection to the 2A Mining Right has
now been withdrawn. With this obstacle removed, we believe there are no
further impediments to the Mining Right being granted. These funds will help
ensure that we are organisationally and operationally ready to progress 2A
immediately upon grant, adding a very substantial and globally significant HMS
area to our portfolio.

 

"We also intend to enable existing and other qualifying investors to
participate alongside this Subscription. We greatly value the continued
support of our investors and remain committed to ensuring that no one is left
behind as the Company grows.

 

"The enthusiastic backing from both new and existing investors represents a
powerful endorsement of our strategy, our assets, and our team. I would like
to thank all of our shareholders for their continued support, and recognise
the significant commitment made in this raise by Tracarta Limited and Richard
Jennings. We enter this next phase with growing momentum and strong confidence
in the future."

 

DETAILS

Rationale for the Fundraising

Over the past 12 months, Kazera's South African investments have progressed
from development-stage projects to active producers of HMS and diamonds.

 

At Whale Head Minerals ("WHM"), early stage HMS production commenced in March
2025 with the first deliveries under the Fujax offtake agreement. The
installation of additional spirals in July 2025 has since enhanced concentrate
quality and improved margins, providing a solid platform for continued
operational growth and profitability.

 

At Deep Blue Minerals ("DBM"), September 2025 marked the first diamond
recoveries from the upgraded processing plant, incorporating new pulsating jig
and Flowsort technology. Early results have been encouraging, with improving
grades and carat recoveries supporting a strong and sustainable production
outlook.

 

In addition, the Company recently announced that the remaining objection to
the 2A Mining Right has been formally withdrawn. With this obstacle removed,
the Company believes there are no further impediments to the Mining Right
being granted. The Fundraise proceeds will help ensure that the Company is
operationally and organisationally well positioned to progress 2A immediately
upon grant. The 2A Mining Right covers an area of approximately 3,095
hectares, of which around 170 hectares (approximately 34 times the size of the
current mining area) has been identified as immediately suitable for the
mining of HMS.

 

Use of Subscription Proceeds

Having transformed its South African investments into active producers, the
proceeds of the Subscription will help Kazera to move decisively into its next
phase of growth and value creation:

 

·    Scale HMS throughput: targeted plant upgrades and additional spirals
to nearly triple output, increasing purity and lifting realised prices and
margins.

·    Enhance diamond recovery: additional recovery equipment to capture
larger stones and increase throughput by up to 50%, enhancing sales value.

·    Improve logistics and site efficiency: investment in warehouse
facilities, vehicles, road maintenance and security infrastructure to support
higher production volumes.

·    Build organisational and strategic capacity: investment in both PLC
and operational systems to sustain growth, reinforce revenue generation and
position Kazera to capitalise on future opportunities, including the granting
of the 2A Mining Right.

 

Procurement of key plant and equipment is already underway, with full
deployment of proceeds to begin immediately following Admission. Initial
upgrades at both WHM and DBM are expected to be completed over the coming
months, with enhanced production capacity expected to complete in Q1 of 2026.

 

The Subscription

The Company has raised gross proceeds of £1,315,000 (net proceeds of
£1,300,000) through a subscription of 87,666,666 new Ordinary Shares at the
Subscription Price. The Subscription Price represents a premium of
approximately 7.14 per cent. on the closing price of 1.4 pence per Ordinary
Share on 7 November 2025, being the latest practicable business day prior to
this announcement.

 

Each Subscription Share issued carries a three-for-two warrant granting the
holder the opportunity to subscribe for three new Ordinary Shares for every
two Subscription Shares issued, exercisable at 2.5 pence per new Ordinary
Share for a period of 12 months from Admission (as defined below). The Company
has the right to accelerate the warrant exercise period should the price per
Ordinary Share trade above 2.5 pence for more than 10 consecutive business
days. In such circumstances, holders of the warrants may be called upon to
subscribe for the new Ordinary Shares attached to the warrant or lose such
right.

 

Any new Ordinary Shares issued pursuant to the exercise of the warrants (the
"Warrant Shares") will be issued subject to shareholder approval. While the
Subscription Shares fall within the Company's existing authorities to allot
new Ordinary Shares, full exercise of the Warrants on a three-for-two basis
would exceed the current headroom. The Company therefore intends to seek the
necessary authorities at its next Annual General Meeting, following which the
Warrant Shares, if approved, will be capable of being issued during the
warrant exercise period.

 

The Subscription Shares are to be issued from the authorities granted to
directors to issue and allot new Ordinary Shares at the Company's last annual
general meeting on 14 January 2025. Accordingly, the Subscription is not
subject to further shareholder approval.

 

The Subscription Shares will, when issued, be credited as fully paid and will
rank pari passu with the existing Ordinary Shares, including the right to
receive all future dividends and distributions declared, made or paid by
reference to a record date falling after their issue.

 

Completion of the Subscription is conditional upon Admission as set out below.

 

In addition, the Company intends to enable existing and other qualifying
investors with the opportunity to subscribe for new Ordinary Shares. Any new
Ordinary Shares issued pursuant to this initiative will also be issued from
the authorities granted to directors to issue and allot new Ordinary Shares at
the Company's last annual general meeting. A further announcement will be made
in due course.

 

Related Parties Transactions

Tracarta Limited, of which John Wardle, the Non-Executive Chairman of the
Company is the ultimate beneficial owner, has subscribed for 35,666,666
Subscription Shares at the Subscription Price. In addition, Catalyse Capital
Ltd and related parties RS & CA Jennings, which together are significant
shareholders in the Company, have subscribed for 20,000,000 Subscription
Shares at the Subscription Price.

 

As Tracarta Limited and Catalyse Capital Ltd and related parties RS & CA
Jennings are considered related parties under AIM Rule 13 of the AIM Rules for
Companies, their participation in the Subscription constitutes a related party
transaction for the purposes of AIM Rule 13.

 

Accordingly, the independent directors of the Company, being Dennis Edmonds
and Geoff Eyre, having consulted with Strand Hanson Limited, the Company's
Nominated Adviser, consider the terms of the related party participation in
the Subscription to be fair and reasonable insofar as the Company's
shareholders are concerned.

 

Admission

Application will be made shortly to the London Stock Exchange plc for the
87,666,666 Subscription Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective and that dealings in the
Subscription Shares on AIM will commence at 8:00 a.m. on or around 17 November
2025.

 

Total voting rights

On Admission, the Company's issued ordinary share capital will consist of
1,080,952,136 Ordinary Shares, with one vote per share. The Company does not
hold any Ordinary Shares in treasury. Therefore, on Admission, the total
number of Ordinary Shares and voting rights in the Company will be
1,080,952,136. With effect from Admission, this figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

ENDS

 

For further information, visit www.kazeraglobal.com or contact:

 

 Kazera Global plc                                                kazera@stbridespartners.co.uk (mailto: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
 St Brides Partners Limited (Financial PR)                        kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)

 Paul Dulieu/Isabel de Salis

 

Notes

Kazera Global plc (LON:KZG) is a diversified commodity investment company
focused on unlocking value through production growth and disciplined portfolio
management. While production builds at its Whale Head Minerals (Heavy Mineral
Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape
province, the Company also continues to assess new opportunities to expand its
growth pipeline and deliver sustainable returns.

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