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Kropz draws down ZAR 30 million from bridge loan facility

Published 13/08/2025, 11:34
Kropz draws down ZAR 30 million from bridge loan facility
KRPZ
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LONDON - African phosphate producer Kropz Plc (AIM:KRPZ) has drawn down ZAR 30 million (approximately US$1.7 million) from its bridge loan facility, the company announced Wednesday.

This represents the second drawdown from the ZAR 200 million (approximately US$11.4 million) loan facility agreed between Kropz Elandsfontein (Pty) Ltd and ARC Fund on July 14, 2025.

Following this transaction, ZAR 110 million remains available for future drawdowns under the loan agreement, according to the company’s press release statement.

Kropz describes itself as an emerging African phosphate producer and developer with projects in South Africa and the Republic of Congo. The company aims to become a leading independent phosphate rock producer in the region.

The company did not specify how the funds would be utilized or provide details on repayment terms for the loan facility.

Kropz is listed on London’s AIM market under the ticker KRPZ and is led by CEO Louis Loubser.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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