KEFI Secures Final Funding for Tulu Kapi Gold Project, Groundbreaking Scheduled

KEFI Gold and Copper PLC has secured a US$20 million gold royalty from Chancery Royalty, completing the US$340 million financing package for its Tulu Kapi Gold Project in Ethiopia. The group is now mobilizing field teams and contractors, with a ground-breaking ceremony planned for this month. Additional funding of US$30 million is expected to be finalized, including US$10 million in development costs and US$20 million in equity-ranking royalties.