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KEFI Minerals
(LSE:KEFI)
KEFI Minerals (KEFI) vs. iShares MSCI United Kingdom ETF (EWC)
KEFI Minerals Business Overview & Revenue Model
KEFI Minerals Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -5.26K | -260.00 | -29.00K | -24.00K | -17.00K | -43.00K |
| EBITDA | -2.61M | -6.51K | -3.69M | -3.01M | -3.07M | -2.49M |
| Net Income | -3.80M | -5.23K | -7.90M | -6.36M | -4.92M | -3.72M |
Balance Sheet | ||||||
| Total Assets | 44.73M | 39.10M | 35.54M | 32.16M | 29.11M | 26.36M |
| Cash, Cash Equivalents and Short-Term Investments | 1.05M | 185.00K | 192.00K | 220.00K | 374.00K | 1.35M |
| Total Debt | 0.00 | 739.00K | 2.21M | 1.29M | 1.33M | 134.00K |
| Total Liabilities | 3.74M | 6.45M | 9.42M | 5.18M | 6.79M | 3.13M |
| Stockholders Equity | 38.94M | 30.74M | 24.41M | 25.42M | 20.94M | 22.03M |
Cash Flow | ||||||
| Free Cash Flow | -6.96M | -6.79M | -4.32M | -6.72M | -4.00M | -5.26M |
| Operating Cash Flow | -6.95M | -2.75M | -1.86M | -3.16M | -1.45M | -2.19M |
| Investing Cash Flow | -3.99M | -4.03M | -3.26M | -5.25M | -3.01M | -4.39M |
| Financing Cash Flow | 11.49M | 6.78M | 5.09M | 8.23M | 3.54M | 7.75M |
KEFI Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | £253.71M | 7.41 | 35.69% | ― | 44.89% | 120.82% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £15.48M | -6.50 | -16.46% | ― | ― | ― | |
51 Neutral | £55.24M | -23.52 | -72.77% | ― | ― | 7.69% | |
49 Neutral | £39.24M | 12.50 | 5.54% | ― | ― | ― | |
44 Neutral | £128.89M | -40.00 | -9.19% | ― | ― | ― |
KEFI Minerals Corporate Events
KEFI Gold and Copper has completed its RetailBook offer, raising £774,245.63 before expenses through the issue of 59,557,356 new ordinary shares at 1.3 pence each, as part of a wider fundraising. Combined with an institutional placing and a subscription to settle outstanding obligations, the overall fundraise is expected to generate about £6.9 million in new cash and extinguish approximately £8.9 million of liabilities, strengthening the company’s balance sheet ahead of project development. Following admission of the new and retail offer shares to trading on AIM, scheduled for around 30 December 2025, KEFI’s issued share capital will rise to 10,741,161,265 ordinary shares, increasing the free float and recalibrating voting rights for existing and new shareholders under UK disclosure rules.
KEFI Gold and Copper has launched a conditional retail offer of new ordinary shares via the RetailBook platform at 1.3 pence per share, a 10% discount to its latest closing mid-price, alongside a separate institutional placing as part of a wider fundraising of up to £1 million through the retail component. The offer, open to eligible UK-based investors through participating brokers and platforms such as AJ Bell, Hargreaves Lansdown and interactive investor, aims to fund initial costs associated with the launch and financing of the Tulu Kapi Gold Project and to repay working capital facilities, while also giving retail shareholders and new investors the opportunity to participate on similar terms and potentially broaden and deepen KEFI’s shareholder base ahead of a key development phase.
KEFI Gold and Copper has formally launched the development of its high-grade Tulu Kapi gold project in Ethiopia after assembling a US$340 million financing package comprising US$240 million in long-term project debt and US$100 million in equity-risk capital. The equity component includes US$20 million of Ethiopian government equity in project company TKGM, US$26 million of redeemable preference shares aimed at Ethiopian investors, US$30 million in gold streams, US$10 million of existing KEFI capital, and a new US$20 million equity issue, alongside a retail offer of up to £1 million and broker warrants linked to the placing. The structure is designed to fully fund budgeted development costs, preserve around 83% project ownership for KEFI, broaden local participation, and potentially secure a further US$30 million in non-dilutive funding for exploration and cost overruns. Company projections at gold prices between US$3,000 and US$5,000 per ounce indicate strong economics, with high net cash flows and rapid potential debt repayment, which, if realised, would materially improve KEFI’s cash generation profile and strengthen its strategic position in Ethiopian and Saudi gold development.
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.
KEFI Gold and Copper PLC has announced significant progress in securing the financing for its Tulu Kapi Gold Project in Ethiopia. The company has arranged a debt offering of $240 million and is finalizing the remaining $100 million in equity-risk capital, with $40 million already secured. The financing package is expected to be completed this month, enabling the full launch of the project. This advancement is pivotal for KEFI’s operations, potentially enhancing its market position and offering substantial returns to stakeholders, with projected high internal rates of return and net present values based on future gold prices.
KEFI Gold and Copper PLC has announced that the full development of the Tulu Kapi Gold Project in Ethiopia is set to commence by the end of 2025. The project, with a finalized budget of approximately US$340 million, has secured US$240 million in debt funding, and equity commitments exceeding the remaining US$100 million. The company aims to optimize its equity capital structure and finalize documentation for finance closing, while also engaging local and international stakeholders. The project is expected to enhance the Ethiopian minerals sector, with immediate development activities including community housing and infrastructure works.
KEFI Gold and Copper plc has announced the planned commencement of full project development by the end of 2025 for its Tulu Kapi Gold Project in Ethiopia. The project, with a finalized budget of approximately US$340 million, has secured US$240 million in debt funding, and equity commitments exceeding the remaining US$100 million have been received. Key objectives include optimizing the equity capital structure and facilitating local investment. The project aims to enhance local economic sustainability and has garnered support from various stakeholders, including government entities and international financiers.
KEFI Gold and Copper plc has announced its total issued share capital, consisting of 9,527,757,766 ordinary shares with voting rights. This announcement is significant for shareholders as it provides the denominator for calculating any changes in their shareholding interests under the FCA’s Disclosure and Transparency Rules, impacting the company’s transparency and shareholder engagement.
KEFI Gold and Copper PLC has secured a US$240 million debt offering for its Tulu Kapi Gold Project in Ethiopia, marking significant progress in its development. The project, which adheres to international ESG standards, is expected to enhance Ethiopia’s gold sector and has attracted substantial local and international investment interest, with commitments exceeding the required equity-risk capital.
KEFI Gold and Copper plc has issued 38,352,272 new ordinary shares following the exercise of broker warrants by Jonathan Evans and Tavira Financial Ltd. This issuance will increase the company’s total share capital to 9,527,757,766 ordinary shares with voting rights, affecting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
KEFI Gold and Copper PLC announced that the signing of the $240 million debt capital offering for the Tulu Kapi Gold Project is expected this week, following the resolution of a procedural issue. The project, with a total value of $340 million, is progressing as planned with construction already underway. The company is poised to benefit from record-high gold prices, which could enhance the project’s financial prospects and stakeholder value.
KEFI Gold and Copper PLC has announced that the signing of the US$240 million debt capital offering for the Tulu Kapi Gold Project is expected this week, following the resolution of a procedural issue. The project, which is part of a larger US$340 million initiative, is advancing as planned with construction projects underway and financial arrangements progressing. The company is strategically positioned to benefit from the current high gold prices, which could enhance the project’s potential impact on its operations and market positioning.
KEFI Gold and Copper plc has issued 18,750,000 new ordinary shares following the exercise of broker warrants by Tavira Financial Ltd at a price of 0.60 pence per share. This issuance will increase the company’s total issued share capital to 9,489,405,494 ordinary shares, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.