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An announcement from Kazera Global plc ( (GB:KZG) ) is now available.
Kazera Global plc’s subsidiary, Whale Head Minerals (Pty) Ltd, has signed a sales and offtake agreement with Fujax South Africa (Pty) Ltd for its heavy mineral sands production. This agreement involves the sale of an initial 100,000 dry tonnes of heavy mineral sands with Fujax managing transportation, processing, and sales, and prepaying $600,000 to Kazera. This strategic move is expected to significantly bolster Kazera’s market position, with plans for expansion into the larger Perdevlei HMS project. The agreement with Fujax marks a major step towards the company’s growth and future opportunities in the heavy mineral sands market.
More about Kazera Global plc
Kazera Global plc is a global investment company focused on developing early-stage mineral exploration and development assets. It has principal investments in alluvial diamond mining through Deep Blue Minerals (Pty) Ltd in South Africa, heavy mineral sands mining through Whale Head Minerals (Pty) Ltd in South Africa, and has been involved in tantalite mining in Namibia, although divestment is in progress.
YTD Price Performance: 77.42%
Average Trading Volume: 4,170,131
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £10.6M
See more data about KZG stock on TipRanks’ Stock Analysis page.
