Pela Global Secures DFC Funding for North Macedonia Antimony Project and Weighs IPO

New updates have been reported about Pela Global Limited.

Pela Global Limited has signed a Project Development Funding Agreement with the U.S. International Development Finance Corporation that provides up to US$5 million to advance its Krstov Dol Antimony Mine Restart Project in North Macedonia. The funding will finance key de-risking workstreams, including a JORC-compliant Mineral Resource Estimate, a full Environmental and Social Impact Assessment, and other technical studies required to move the asset toward feasibility.

The Krstov Dol project is based on a historically producing antimony mine supported by extensive legacy geological and technical data generated under the former Yugoslav reporting regime. Pela, an Australian critical and precious metals developer focused on the Tethyan Metallogenic Belt in Southeast Europe, also holds the Samar Gold polymetallic project in North Macedonia and is evaluating a potential initial public offering on an Australian securities exchange, though the board has not yet committed to proceed and would issue a prospectus if it does so.