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Kropz draws down second tranche of R30m from R200m loan facility

Kropz Elandsfontein

Kropz Elandsfontein

13th August 2025

By: Darren Parker

Creamer Media Senior Contributing Editor Online

     

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Aim-listed emerging African phosphate producer and developer Kropz has made its second drawdown of a R200-million loan facility that was agreed to between Kropz Elandsfontein and ARC Fund on July 14.

The loan is being used by Elandsfontein to fund its cash flow and operational expenditure needs.

The second drawdown amounts to R30-million, with the first drawdown of R60-million having been made on July 16. R110-million of the loan facility remains available.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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