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KEFI Minerals ( (GB:KEFI) ) has provided an update.
KEFI Gold and Copper has confirmed it has signed a term sheet with a funding provider for US$30 million of equity-ranking gold streams to support development of its high-grade Tulu Kapi Gold Project in Ethiopia. The gold streaming agreement, which remains subject to final documentation and approval from the project’s senior lenders, is intended to form part of the project’s required equity risk capital, and KEFI continues to expect to assemble the full project finance package within the month to enable the full launch of Tulu Kapi.
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 pipeline of mining projects in Ethiopia and Saudi Arabia. The company targets high-grade, high-recovery deposits as it advances its portfolio of gold and copper assets in these emerging mining jurisdictions.
Average Trading Volume: 76,667,564
Technical Sentiment Signal: Buy
Current Market Cap: £137.2M
Learn more about KEFI stock on TipRanks’ Stock Analysis page.