KEFI Minerals (GB:KEFI) has released an update.
KEFI Gold and Copper PLC has secured initial committee approval from a second bank to increase the proposed loan facilities for the Tulu Kapi Gold Project from $190 million to $240 million. This expansion is part of a $320 million development finance package designed to enhance KEFI’s 80% beneficial interest in the project located in Ethiopia. The company is targeting the completion of formal approvals and documentation this quarter, which could significantly boost KEFI’s potential returns.
For further insights into GB:KEFI stock, check out TipRanks’ Stock Analysis page.
