RE: kazera Global20 Oct 2021 14:54
07 September 2021
Kazera Global plc
Exclusive Tantalum Off-Take Agreement
Kazera Global plc, the AIM quoted investment company, is pleased to report that, following the conclusion of its plan to commence Tantalum production at its mine in Tantalite Valley, as announced on 1 September 2021, it has now entered into an Off-Take Agreement for the sale of all Tantalum produced by it.
· 3-year contract, through to 31 December 2024, entered with Jiujiang Jinxin Nonferrous Metals Co Ltd at Tantalite Valley
· A test sample assay has already been approved by the customer and airfreighted to China for factory testing
· Interest expressed in developing the Company's Lithium deposit
Utilizing Kazera Global's CEO, Larry Johnson's former long career in Tantalum supply chains, the Company entered into negotiations with several potential end users of Tantalum. After extensive due diligence, Jiujiang Jinxin Nonferrous Metals Co Ltd based in Jiangxi Province, China, was selected as the Company's preferred purchaser.