TIDMKZG

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)                  Tel: +44 (0)203 757 4980 
   Dennis Edmonds (CEO) 
 
    finnCap (Nominated Adviser and Joint             Tel: +44 (0)207 220 0500 
    Broker) 
    Christopher Raggett / Tim Harper (Corporate      Tel: +44 (0) 207 220 9797 
    Finance) 
 
    Peterhouse Capital Limited (Joint Broker) 
    Duncan Vasey and Lucy Williams (Corporate 
    Broker) 
 
    Camarco (PR)                                   Tel: +44 (0)20 3781 8331 
    Gordon Poole / James Crothers / Hugo 
    Liddy 
 

**ENDS**

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END

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(END) Dow Jones Newswires

August 17, 2022 02:00 ET (06:00 GMT)

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