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Kazera Global PLC on Monday said it has secured commitments to subscribe for 87.7 million new shares at 1.5 pence each. The mining investment firm focused on early-stage assets said the subscription will raise gross proceeds of £1.3 million and will ‘drive the next growth phase’ of its heavy mineral sands and diamond operations. This will increase capacity, enhance efficiency and lift profitability, Kazera Global said. In response, shares in Kazera Global closed up 0.6% at 1.41p in London on Monday. The subscription price represents a premium of 7.1% to Kazera’s closing price on Friday. The company said it has won significant support from existing and new investors, which reflects confidence in Kazera’s assets, management team and growth trajectory. Each new share carries a three-for-two warrant over further shares, exercisable at 2.5p for 12 months. The firm intends to allow existing and other qualifying investors to participate alongside the subscription. ‘In the past year, Whale Head Minerals and Deep Blue Minerals have advanced from planning and permitting to early stage production, establishing a strong operational platform for continued growth. This fundraise marks the next step in that journey, providing the financial capacity to scale throughput, enhance recoveries, and strengthen our capability across the business, from the mine gate to the boardroom, to deliver sustained profitability and capture the significant opportunities ahead,’ said Chief Executive Officer Dennis Edmonds. ‘As announced last week, the remaining objection to the 2A mining right has now been withdrawn. With this obstacle removed, we believe there are no further impediments to the mining right being granted. These funds will help ensure that we are organisationally and operationally ready to progress 2A immediately upon grant, adding a very substantial and globally significant HMS area to our portfolio.’ CEO Edmonds added: ‘The enthusiastic backing from both new and existing investors represents a powerful endorsement of our strategy, our assets, and our team... We enter this next phase with growing momentum and strong confidence in the future.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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