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KEFI Minerals ( (GB:KEFI) ) has provided an announcement.
KEFI Gold and Copper plc has announced the planned commencement of full project development by the end of 2025 for its Tulu Kapi Gold Project in Ethiopia. The project, with a finalized budget of approximately US$340 million, has secured US$240 million in debt funding, and equity commitments exceeding the remaining US$100 million have been received. Key objectives include optimizing the equity capital structure and facilitating local investment. The project aims to enhance local economic sustainability and has garnered support from various stakeholders, including government entities and international financiers.
More about KEFI Minerals
KEFI Gold and Copper plc is a company engaged in the exploration and development of gold and copper resources, primarily focusing on the Arabian-Nubian Shield. The company has a pipeline of projects in Ethiopia and Saudi Arabia, with a significant emphasis on high-grade and high-recovery projects.
Average Trading Volume: 98,309,667
Technical Sentiment Signal: Buy
Current Market Cap: £146.3M
See more insights into KEFI stock on TipRanks’ Stock Analysis page.