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An announcement from KEFI Minerals ( (GB:KEFI) ) is now available.
KEFI Gold and Copper plans to raise about £34 million through an institutional placing at 1.2 pence per share, alongside a retail offer of up to £1 million and the issue of shares to service providers to settle £853,000 of fees. The new equity, equivalent to roughly 28% of existing share capital, will complete and optimise financing for the Tulu Kapi gold project in Ethiopia, fund exploration and a cost overrun reserve, and support working capital as stronger metal prices and investor interest help the company replace higher-cost capital and broaden its institutional shareholder base.
The fundraise will take place in two tranches, with the first issued under existing authorities and the second, including retail and subscription shares, subject to shareholder approval at a general meeting expected in April 2026. Once completed, total funding secured for Tulu Kapi will rise to about US$355 million, exceeding the estimated US$330 million project cost and underpinning KEFI’s construction phase, expanded exploration plans and planned transition to the LSE Main Market.
The most recent analyst rating on (GB:KEFI) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on KEFI Minerals stock, see the GB:KEFI Stock Forecast page.
Spark’s Take on KEFI Stock
According to Spark, TipRanks’ AI Analyst, KEFI is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn). Technical indicators are a relative positive with price above key moving averages and a positive MACD, but valuation remains challenged due to negative earnings and no stated dividend yield.
To see Spark’s full report on KEFI stock, click here.
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 a project pipeline in Ethiopia and Saudi Arabia. Its flagship asset is the high-grade Tulu Kapi gold project in Ethiopia, and the group is positioning itself to attract broader institutional investment, including a planned move to the London Stock Exchange’s Main Market.
Average Trading Volume: 106,294,160
Technical Sentiment Signal: Buy
Current Market Cap: £165.6M
For detailed information about KEFI stock, go to TipRanks’ Stock Analysis page.