Receipt of first tranche of investment

RNS Number : 6795T

Kazera Global PLC

26 July 2022

 

26 July 2022

Kazera Global plc

("Kazera" or the "Company")

Receipt of first tranche of investment

Kazera Global plc, the AIM quoted investment company, is pleased to advise that further to the 20 July 2022 announcement of the transformational investment deal in lithium produced from the Company's wholly owned mine at Tantalite Valley, Namibia, the Company has now received the first payment of US$ 100,000 in accordance with the terms of the deal.

Furthermore, the investor's staff have already been very active on site at the Tantalite Valley Mine, holding a series of meetings with the Company's management, in preparation for the delivery of machinery and services to increase production output fourfold during Q4 2022.

Dennis Edmonds, Kazera Chief Executive Officer, commented:

"The timely receipt of this first payment under the lithium investment deal underlines the enthusiasm and commitment to the potential for lithium production revenues from our Tantalite Valley Mine that we have seen throughout the negotiations from our new investor. Equally encouraging, the visit by Xinjian to the mine so soon after the signing of the deal has enabled a very fast start to the implementation of the game-changing upgrades to the processing plant and mining capacity."

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. kazeraglobal .com

Kazera Global plc (c/o Camarco) Dennis Edmonds (CEO)	Tel: [phone]
finnCap (Nominated Adviser and Joint Broker) Christopher Raggett / Tim Harper (Corporate Finance) Peterhouse Capital Limited (Joint Broker) Duncan Vasey and Lucy Williams (Corporate Broker)	Tel: [phone] Tel: [phone]
Camarco (PR) Gordon Poole / James Crothers / Hugo Liddy	Tel: [phone]

**ENDS**

 

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