Kazera Global (KZG): Director loan facility refinancing
This situation live
KZG Kazera Global
31 Mar 2026 · Extension talks under way · −10% until the next step
The Board is in discussions with both parties regarding the extension of these facilities as the Company continues to progress offtake agreements and scale production.
7 Apr 2026 · Lender now interim CEO; extension still pending · +59% until the next step
Per the announcement on 28 October 2025 the loan facility was extended to 30 April 2026 and the balance of the loan outstanding is currently £187,800.
27 Apr 2026 · Working capital need admitted; lender talks · +4% until the next step
The Company is actively addressing this requirement and is in discussions with its existing lenders and other stakeholders to ensure appropriate funding is in place to support near-term activities.
30 Apr 2026 · Tracarta talks continue; director support possible · −4% until the next step
The Company also confirms that it remains in discussions with Tracarta Limited in relation to its existing loan facility.
26 May 2026 · Working capital need eased; loans unresolved · +0% until the next step
REMI to make a monthly operational funding contribution of ZAR600,000 (circa £27,000) toward Project costs, materially reducing Kazera's near-term working capital requirements and supporting accelerat
22 Jun 2026 · Funding need may ease; loans still unresolved · +17% until the next step
Initial US$500,000 cash receipt, once received, is expected to materially reduce the Company's near-term external funding requirements, strengthen working capital flexibility and allow management to r
9 Jul 2026 · New SAI cash and funding relief; loans unresolved · +19% until the next step
Near-term cash inflow: initial advance payment of US$750,000 against future sales, payable within five Business Days of the Agreement becoming effective.
20 Jul 2026 · Funding strengthened; Tracarta loan still unresolved · −11% since
Accordingly, the Board does not anticipate any requirement for further drawdowns under the existing loan facility provided by Richard Jennings.
Director loan facility refinancing
Funding strengthened; Tracarta loan still unresolved
Next: Outcome of Tracarta loan extension talks
Every step · 8
- 31 Mar 2026 Extension talks under way – The Board is in discussions with both parties regarding the extension of these facilities as the Company continues to progress offtake agreements and scale... ↗
- 7 Apr 2026 Lender now interim CEO; extension still pending – Per the announcement on 28 October 2025 the loan facility was extended to 30 April 2026 and the balance of the loan outstanding is currently £187,800. ↗
- 27 Apr 2026 Working capital need admitted; lender talks – The Company is actively addressing this requirement and is in discussions with its existing lenders and other stakeholders to ensure appropriate funding is... ↗
- 30 Apr 2026 Tracarta talks continue; director support possible – The Company also confirms that it remains in discussions with Tracarta Limited in relation to its existing loan facility. ↗
- 26 May 2026 Working capital need eased; loans unresolved – REMI to make a monthly operational funding contribution of ZAR600,000 (circa £27,000) toward Project costs, materially reducing Kazera's near-term working... ↗
- 22 Jun 2026 Funding need may ease; loans still unresolved – Initial US$500,000 cash receipt, once received, is expected to materially reduce the Company's near-term external funding requirements, strengthen working... ↗
- 9 Jul 2026 New SAI cash and funding relief; loans unresolved – Near-term cash inflow: initial advance payment of US$750,000 against future sales, payable within five Business Days of the Agreement becoming effective. ↗
- 20 Jul 2026 Funding strengthened; Tracarta loan still unresolved – Accordingly, the Board does not anticipate any requirement for further drawdowns under the existing loan facility provided by Richard Jennings. ↗
What is happening
Kazera Global: Director loan facility refinancing – Funding strengthened; Tracarta loan still unresolved. ['Funding strengthened; Tracarta loan still unresolved']
- In short
- Director loan facilities matured on 30 April 2026, with Tracarta talks continuing and no extension terms announced. REMI cut working capital needs on 26 May 2026, and the SAI deal of 9 July 2026 added SAI-funded operations. On 20 July 2026 the company said both the US$750,000 SAI advance and the US$500,000 Hebei payment had been received, so no further drawdowns on the Jennings facility are expected. The Tracarta loan is not mentioned.
- Announced
- 31 Mar 2026 · Extension talks under way
- Latest
- 20 Jul 2026 · Funding strengthened; Tracarta loan still unresolved
- Board view
- Funding position materially strengthened; no further Jennings loan drawdowns expected
- REMI contribution
- ZAR600,000 (circa £27,000) monthly toward project costs
- New cash source
- Initial US$500,000 from Hebei, due by 6 July 2026
- Tracarta loan
- Extension to 1 December 2026 proposed earlier; not mentioned in this announcement
- Earlier support
- REMI contribution of ZAR600,000 (circa £27,000) a month from 1 June 2026
- New cash
- US$750,000 from SAI and US$500,000 from Hebei, both received
- Funding burden
- SAI funds HMS mining and processing; Kazera not expected to fund those activities
- Later cash
- US$1.75 million from SAI on grant of the 2A Mining Right
What comes next
Outcome of Tracarta loan extension talks.
From the company's own announcements. Not investment advice.
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Project milestones2A Mining Right approval – 2A executed; SAI preparing development
New CEO / resetBoard reset and new CEO – Announced; effective 1 October 2026
Balance-sheet stress / refinancingFujax prepayment settlement – Terms agreed; settlement shares pending approval
Capital returnReturn of Aftan settlement proceeds – Programme proposed; CVR terms being finalised
Legal & regulatoryAftan arbitration award enforcement – Initial US$500,000 received
Kazera Global – company page →