AIM-quoted Kazera Global PLC (AIM:KZG) added 12.5% to its share price on Wednesday after announcing a stake acquisition in Deep Blue Minerals and Whale Head Minerals.
Kazera bought a further 10% of issued share capital in both companies, bringing its total interest in Deep Blue Minerals to 74% and Whale Head Minerals to 70%.
Kazera will purchase the additional 10% stake from Tectonic Gold Plc (AQSE:TTAU).
Neither Deep Blue nor Whale Head is currently generating revenue, but Kazera is anticipating diamond production to commence pending the receipt of a nuclear permit from the National Nuclear Regulator in South Africa.
Kazera shares were swapping for 0.45p on Wednesday.