Tulu Kapi Funding Update
KEFI Gold and Copper PLC has signed a term-sheet for US$30 million in equity-ranking 'Gold Streams' for its Tulu Kapi Gold Project, which is expected to form part of the project's required equity risk capital. The completion of this funding is contingent on the finalization of documentation with the provider and approval from the project's senior lenders. The company anticipates assembling the entire project finance package this month, which would enable the full launch of the Tulu Kapi Gold Project.
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KEFI (AIM: KEFI), a gold and copper exploration and development company focused on the Arabian-Nubian Shield with a pipeline of projects in the Federal Democratic Republic of Ethiopia, and the Kingdom of Saudi Arabia, notes the media comments regarding the securing of certain funding for the Company's high-grade/high-recovery Tulu Kapi Gold Project (the "Project" or "Tulu Kapi").
The Company can confirm that it has signed a term-sheet with a fund for US$30 million of equity-ranking 'Gold Streams' (with terms as outlined in the Company's announcement of 8 December 2025). Completion of this funding remains subject to detailed documentation being agreed with the provider and approved by the Project's senior lenders. This will form part of the Project's required equity risk capital funding.
The Company continues to expect to have assembled the entire Project finance package this month, enabling full launch of the Project, and further announcements will be made in due course, as appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.