Aftan Receives Initial US$500k Settlement Payment

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Kazera Global plc announced that its wholly-owned subsidiary, African Tantalum (Pty) Ltd, has received an initial US$500,000 settlement payment from Hebei Xinjian Construction CC. This payment, received into Aftan's Namibian bank account, signifies the commencement of performance under the settlement agreement and is being processed for remittance to Kazera, representing a significant milestone in the implementation of the agreement and expected to deliver substantial value for shareholders.

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Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that African Tantalum (Pty) Ltd ("Aftan") of which Kazera is the 100% shareholder, has received the initial US$500,000 payment under the settlement agreement with Hebei Xinjian Construction CC ("Hebei") announced by the Company on 22 June 2026.

The US$500,000 has been received into Aftan's Namibian bank account and Aftan is now processing the remittance of the funds to Kazera in accordance with the applicable exchange control requirements.

Richard Jennings, Interim Chief Executive Officer of Kazera, commented: "Receipt of the initial US$500,000 payment into Aftan's bank account is an important milestone and confirms that Hebei has commenced performance under the settlement agreement.

"We are very pleased to see the settlement now moving firmly into implementation and look forward to the significant value it is expected to deliver for Kazera and its shareholders."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.