The latest update is out from KEFI Minerals ( (GB:KEFI) ).
KEFI Gold and Copper plc has made significant progress in securing financing for the Tulu Kapi Gold Project in Ethiopia. With credit committee approvals from both banks and government support, the company is on track to finalize definitive agreements by 31 March 2025. The project benefits from a strong syndicate of government, leading African banks, contractors, and investors, aligning with Ethiopia’s economic reforms and high gold prices. The project aims to commence major works soon, with preparations for equity capital and community compensation already underway.
More about KEFI Minerals
KEFI Gold and Copper plc is a company focused on the exploration and development of gold and copper projects, primarily in the Arabian-Nubian Shield. The company is currently concentrating on the Tulu Kapi Gold Project in Ethiopia, aiming to generate cash flows for capital repayments, further exploration, and dividends to shareholders.
YTD Price Performance: 8.12%
Average Trading Volume: 33,348,667
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £41.42M
Learn more about KEFI stock on TipRanks’ Stock Analysis page.