Receipt of second tranche of investment

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, c ommented:

"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. 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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