|
Kazera Global PLC on Tuesday announced the appointment of Richard Jennings as interim chief executive officer, and Geoff Eyre as non-executive chair. The mining investment firm focused on early-stage assets said that Jennings, its largest shareholder, has assumed the interim CEO role for an anticipated initial six-month term. Its previous CEO, Dennis Edmonds, has resigned and stepped down from the board ‘with immediate effect’. Kazera shares were 0.7% higher at 0.71p in London on Tuesday. Jennings holds a 22.1% stake or 243.7 million ordinary shares in Kazera through Catalyse Capital Ltd and related parties, a contract for difference over another 3.44% or 38.0 million, and the right to exercise 17.1 million warrants over new ordinary shares until December 21 at 2.5 pence each. Also, his loan facility with Kazera, agreed in 2024 and recently extended to April 30, has an outstanding balance of £187,800. He is currently the CEO of Catalyse, a specialist provider of finance to public companies, Kazera noted. Kazera has also promoted Geoff Eyre from non-executive director to non-executive chair. His predecessor, John Wardle, will remain on the board as a non-executive director. Additionally, Kazera said it intends to appoint Johan Hattingh to the role of ‘executive director (technical director)’, subject to standard regulatory due diligence. It has also appointed Paul Dulieu as an independent non-executive director. ‘The reconstituted board reflects a renewed focus on strengthening leadership, technical capability, governance and execution as it progresses a period of increased operational and corporate activity across its portfolio of investments,’ Kazera said. Furthermore, Kazera said it is in advanced talks with a potential new operating partner, to help optimise production and improve product volumes and quality at its heavy mineral sands projects. It will issue further updates ‘in due course’. ‘Having closely followed and supported the company over a number of years, and with deep knowledge of the projects...I am pleased to be joining the board at this stage and to be working more directly with the bolstered team as it moves into its next phase,’ Jennings commented. ‘My immediate focus will be bringing to a conclusion the long awaited award of the pivotal 2A licence and also monetising our Aftan project in Namibia.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
