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An announcement from KEFI Minerals ( (GB:KEFI) ) is now available.
KEFI Gold and Copper PLC has announced significant progress in securing the financing for its Tulu Kapi Gold Project in Ethiopia. The company has arranged a debt offering of $240 million and is finalizing the remaining $100 million in equity-risk capital, with $40 million already secured. The financing package is expected to be completed this month, enabling the full launch of the project. This advancement is pivotal for KEFI’s operations, potentially enhancing its market position and offering substantial returns to stakeholders, with projected high internal rates of return and net present values based on future gold prices.
More about KEFI Minerals
KEFI Gold and Copper PLC is a gold and copper exploration and development company focused on the Arabian-Nubian Shield, with projects in Ethiopia and Saudi Arabia. The company is engaged in high-grade, high-recovery projects, aiming to leverage its strategic positioning in these mineral-rich regions.
Average Trading Volume: 84,912,128
Technical Sentiment Signal: Buy
Current Market Cap: £135.8M
For a thorough assessment of KEFI stock, go to TipRanks’ Stock Analysis page.