Fujax Settlement, Proposed Fundraising & CAW

Kazera Global PLC

03 September 2026

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

3 September 2026

Kazera Global plc

("Kazera" or the "Company")

Fujax Settlement, Proposed Fundraising and Capital Access Window

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that it has agreed terms for the full and final settlement of amounts claimed by Fujax South Africa (Pty) Ltd ("Fujax") under the prepayment arrangements entered into with the Company's subsidiary, Whale Head Minerals (Pty) Ltd ("WHM"), in December 2024.

Following this positive development and the grant of the Mining Right over Sea Concession 2A, as announced by the Company on 2 September 2026, the Board is also considering an equity fundraising of a minimum of £500k (the "Proposed Fundraising") to further strengthen the Company's balance sheet and provide additional financial flexibility in relation to potential new investments in the critical minerals space.

In connection with the Proposed Fundraising, the Company has decided to utilise a Capital Access Window introduced recently in the updated AIM Rules for Companies. Accordingly, the Company has requested the temporary suspension of trading in the  ordinary shares in the capital of the Company (the "Ordinary Shares") with effect from 7.30 a.m. today.

Fujax Settlement

As at 30 June 2026, Fujax calculated the total amount outstanding under its prepayment arrangements with WHM, including principal and accrued interest, at approximately US$1.32 million. Certain elements of that calculation were disputed between the parties.

Without any admission of liability, the parties have now agreed to settle all amounts owing under those arrangements by the payment from Kazera to Fujax of a total of US$1.0 million (the "Settlement Sum") in full and final settlement.

The Settlement Sum will be satisfied as follows:

·    US$500,000 through the issue of new Ordinary Shares to Fujax (the "Settlement Shares"), at an issue price equal to the lower of 2 pence per Ordinary Share and the applicable 10-day VWAP immediately preceding delivery of such Ordinary Shares which is expected to occur by 30 September 2026; and

·    US$500,000 in cash, comprising five monthly payments of US$60,000 commencing at the end of October 2026, followed by a final balancing payment of US$200,000 on or before 1 March 2027.

The issue of the Settlement Shares to Fujax will be subject to the receipt of necessary shareholder authorities and Admission of the Settlement Shares to trading on AIM. Fujax has also agreed to orderly market arrangements pursuant to which Fujax will not dispose of the Settlement Shares for 30 days following their issuance and thereafter Fujax will not dispose of more than 25% of the Settlement Shares in any rolling 30 day period save with the consent of Kazera through a broker nominated or approved by the Company.

On completion of the settlement arrangements, Kazera will assume the Settlement Sum as principal debtor and the existing prepayment, guarantee and associated subordination arrangements will be released and terminated.

The Board considers the settlement to represent a positive resolution of a historic liability entered into by previous management. The debt reduction materially reduces the cash burden on the Company while simplifying the contractual arrangements surrounding WHM as it moves into the next key stage of its development post the award of the Mining Right over Sea Concession 2A and the commercial arrangement with SAI.

Proposed Fundraising

Following the settlement with Fujax and the grant of the Mining Right over Sea Concession 2A, the Board believes Kazera is entering a materially strengthened phase of its development. Against this backdrop, the Company is considering raising not less than £500,000 of new equity capital to further strengthen its balance sheet and provide additional financial flexibility.

As an investing company, the Board believes that maintaining a strong cash position is important in enabling Kazera both to support the development of its existing investments where appropriate and to take advantage of value-accretive opportunities as they arise. The net proceeds of the Proposed Fundraising would therefore be used to provide the Company with greater flexibility in the deployment of capital across the Company's interests and in pursuing future opportunities. The Company's existing cash resources are sufficient for its present requirements but provide limited capacity to make further investment in new opportunities ahead of the receipt of cashflow from WHM's operations.

The Company expects the Proposed Fundraising, if it proceeds, to be conditional upon shareholder approval at a General Meeting. The Company currently intends to convene that meeting for 10 a.m. on 21 September 2026, with a circular and notice of General Meeting to be published separately.

There can be no certainty at this stage that the Proposed Fundraising will proceed or as to its final size, price or other terms.

Capital Access Window

Following the recent updates to the AIM Rules for Companies, the Company has decided to utilise a Capital Access Window in connection with the Proposed Fundraising.

The Capital Access Window is a voluntary pause to the trading of a company's shares to make it easier for companies to reach a broader range of investors during a fundraise..

Accordingly from 7.30 a.m. today the Ordinary Shares will enter a capital access window and trading in the Ordinary Shares will be temporarily suspended until a further announcement is made detailing the results of the Proposed Fundraising.

During the Capital Access Window, the Company and its advisers will seek to determine the level of investor demand and the appropriate size and terms of the Proposed Fundraising.

The Company expects to announce the outcome of the Proposed Fundraising as soon as practicable, following which trading in the Ordinary Shares is expected to resume.

This announcement does not constitute an offer of securities in any jurisdiction. The Proposed Fundraising, if implemented, will be the subject of further announcements, including the full terms and conditions of the Proposed Fundraising. Further announcements will be made as and when appropriate.

Richard Jennings, Interim Chief Executive Officer of Kazera, commented: "The granting of the 2A Mining Right announced yesterday has fundamentally transformed Kazera's profile and provides the platform from which our South African heavy mineral sands interests can now move forward at pace and scale.

"At the same time, we have continued to resolve the historic issues we inherited from previous management. The Fujax settlement removes another significant legacy liability on terms which we believe are very favourable to Kazera, with only half of the settlement payable in cash and those payments spread through to March next year.

"Kazera is an investing company, and we believe that having a stronger balance sheet gives us greater flexibility, both in supporting the value of our existing investments and in taking advantage of opportunities as they arise. We therefore believe this is a sensible time to completely solidify the Company's financial position, putting Kazera in the strongest possible position it has been and primed for the next stage of its development."

ENDS

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

Kazera Global plc Richard Jennings, Interim Chief Executive Officer	[e-mail]
Strand Hanson Limited (Nominated, Financial Adviser and Broker) Christopher Raggett / Ritchie Balmer	Tel: [phone]
Zeus Capital Limited (Joint Broker) Harry Ansell / Simon Johnson / Katy Mitchell	Tel: [phone]

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.

 

END