Kropz Plc’s South African subsidiary Kropz Elandsfontein (Pty) Ltd has drawn the second tranche of a ZAR 200 million bridge loan facility arranged with Ubunto-Botho Investments (Pty) Ltd. The ZAR 80 million drawdown follows the initial ZAR 100 million tranche announced on July 15, 2026.
The facility, valued at approximately $12.3 million, now has ZAR 20 million remaining available for future drawdowns. Kropz, an emerging phosphate producer with operations in South Africa and the Republic of Congo, stated the funds would be used to support ongoing project operations at its Elandsfontein site.
Kropz is listed on London’s AIM market under ticker KRPZ. The company develops phosphate rock assets for agricultural fertilizer production, targeting both domestic and export markets.
