New updates have been reported about Pela Global Limited.
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Pela Global Limited has obtained up to US$5 million in project development funding from the U.S. International Development Finance Corporation to advance the restart of its Krstov Dol antimony mine in North Macedonia, marking DFC’s first antimony investment and first project in the country. The agreement includes potential follow‑on financing subject to feasibility outcomes and DFC criteria, giving Pela a clearer pathway toward construction and long‑term development support for this critical minerals asset.
DFC’s funding will be used to complete key de‑risking milestones, including a JORC‑compliant Mineral Resource Estimate and technical, environmental, and social assessments aligned with international standards, positioning Krstov Dol as a near‑term supply source for U.S. and allied markets. Pela has also engaged with U.S.‑based PGM Processing on a potential offtake arrangement for antimony concentrate and tailings, contingent on successful processing trials and project milestones, with management highlighting that the combination of DFC capital and prospective offtake is expected to underpin a secure, non‑Chinese antimony supply chain from a NATO and EU‑accession jurisdiction in Southeastern Europe.