Kazera Global PLC Exclusive Tantalum Off-Take Agreement (8883K)
07 Septembre 2021 - 8:00AM
UK Regulatory
TIDMKZG
RNS Number : 8883K
Kazera Global PLC
07 September 2021
Kazera Global plc
Exclusive Tantalum Off-Take Agreement
Kazera Global plc, the AIM quoted investment company, is pleased
to report that, following the conclusion of its plan to commence
Tantalum production at its mine in Tantalite Valley, as announced
on 1 September 2021, it has now entered into an Off-Take Agreement
for the sale of all Tantalum produced by it.
-- 3-year contract, through to 31 December 2024, entered with
Jiujiang Jinxin Nonferrous Metals Co Ltd at Tantalite Valley
-- A test sample assay has already been approved by the customer
and airfreighted to China for factory testing
-- Interest expressed in developing the Company's Lithium deposit
Utilizing Kazera Global's CEO, Larry Johnson's former long
career in Tantalum supply chains, the Company entered into
negotiations with several potential end users of Tantalum. After
extensive due diligence, Jiujiang Jinxin Nonferrous Metals Co Ltd
based in Jiangxi Province, China, was selected as the Company's
preferred purchaser. Jinxin specializes in various product lines
related to Tantalum, Niobium and their derived products, which
include High-purity Tantalum Pentoxide, High-purity Niobium
Pentoxide, Common Grade Tantalum Pentoxide, Common Grade Niobium
Pentoxide and K2TaF7 (Ksalt). Jinxin 's products are sold
throughout China as well as to America, Japan, Korea and European
countries . Jinxin have entered into a three-year initial contract
to purchase all Tantalum concentrate produced by Kazera at a fixed
price that is competitive in terms of those paid globally by
end-users of Tantalum.
A test sample has already been successfully assayed in Namibia
and has now been airfreighted to Jinxin for factory testing.
Payment for this sample is expected by the Company during September
2021.
Jinxin has also expressed an interest in becoming involved in
the Company's development of its Lithium deposit.
Larry Johnson, Kazera Joint Chief Executive Officer,
commented:
"We chose to enter into an agreement with Jinxin because they
clearly understand the complexities of plant operational restarts
and can utilise the high grade of Tantalite. I have also had
extensive positive experience of working with them in the past.
Sourcing product from Namibia has major advantages for buyers as
the country is far removed from conflict and has excellent
infrastructure. We were approached by dealers in Tantalum who would
have accepted much lower standards, but who we felt have less
growth, flexibility and commitment than displayed by Jinxin."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No. 596/2014 ('MAR').
For further information on the Company, visit: www. kazeraglobal
.com
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980
Larry Johnson/Dennis Edmonds (Joint CEO's)
finnCap (Nominated Adviser and Joint Broker) Tel: +44 (0)207 220 0500
Christopher Raggett / Charlie Beeson (corporate
finance)
Camarco (PR)
Gordon Poole / James Crothers / Hugo Liddy Tel: +44 (0)20 3781 8331
**ENDS**
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END
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