Business
Tulu Kapi Project Update
Tulu Kapi Project Update.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n\n13 May 2025\nKEFI Gold and Copper plc\n \n(\"KEFI\" or the \"Company\")\n \nTulu Kapi Project Update\n \nKEFI (AIM: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, is pleased to report, further to the Company's announcement on 6 May 2025, that the Ethiopian Parliament has today formally ratified Ethiopian Country Membership for Africa Finance Corporation (\"AFC\").\n \nAFC is one of KEFI's co-lenders for the Tulu Kapi Gold Project (\"Tulu Kapi\" or the \"Project\"). Country Membership was a critical condition precedent for AFC's participation in the Project financing alongside Eastern and Southern African Trade and Development Bank (TDB), which already has Ethiopian Country Membership.\n \nFollowing AFC being formally granted Ethiopian Country Membership, KEFI will now continue with the remainder of the scheduled Project launch steps, as pre-agreed with the Ethiopian Government and the Project syndicate.\n \n\n\n\n\nKEFI Gold and Copper plc\n\n\n \n\n\n\n\nHarry Anagnostaras-Adams (Executive Chairman)\n\n\n+357 99457843\n\n\n\n\nJohn Leach (Finance Director)\n\n\n+357 99208130\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP (Nominated Adviser)\n\n\n+44 (0) 20 3470 0470\n\n\n\n\nJeff Keating, Adam Cowl\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTavira Financial Limited (UK Lead Broker)\n\n\n+44 (0) 20 7100 5100\n\n\n\n\nOliver Stansfield, Jonathan Evans\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nIFC Advisory Ltd (UK Financial PR)\n\n\n+44 (0) 20 3934 6630\n\n\n\n\nTim Metcalfe, Florence Staton\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n3PPB LLC (North American Financial PR)\n\n\n\n\n\n\n\nPatrick Chidley\n\n\n+1 (917) 991 7701\n\n\n\n\nPaul Durham\n\n\n+1-203-940-2538\n\n\n\n\n \nNotes to Editor\n \nKEFI Gold and Copper plc\n \nKEFI is focused primarily on the development of the Tulu Kapi Gold Project in Ethiopia and its pipeline of highly prospective exploration projects in the Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi will generate cash flows for capital repayments, further exploration and dividends to shareholders.\n \n\n","length":7112,"tagName":"div"}]