KEFI readies for ground breaking at Tulu Kapi as final piece of funding sealed

5 days ago 5

Proactive

Wed, February 11, 2026 astatine 6:40 AM CST 1 min read

KEFI readies for crushed breaking astatine Tulu Kapi arsenic last portion of backing sealed

KEFI Gold and Copper PLC shares traded up connected Wednesday aft the miner told investors it has added a US$20 cardinal “equity-ranking” golden royalty from Chancery Royalty to the backing stack for its Tulu Kapi Gold Project successful Ethiopia, calling it a cardinal last constituent of the project’s US$340 cardinal financing package.

The AIM-listed radical said the royalty has been structured to fertile connected an equity-risk ground and is payable alongside shareholder distributions astatine its section subsidiary, Tulu Kapi Gold Mines (TKGM). With that statement signed, KEFI said the concern bundle is present efficaciously covered, prompting mobilisation of tract teams and contractors and the organisation of a ground-breaking ceremonial this month.

A further US$30 cardinal of equity-risk superior is expected to beryllium afloat signed up this month, including US$10 cardinal of improvement costs to beryllium settled successful KEFI shares arsenic those costs autumn due, positive US$20 cardinal of further equity-ranking royalties to different investors connected the aforesaid terms.

Alongside financing, KEFI said cardinal contractual arrangements are being closed oregon targeted for completion by end-February 2026, including offsite infrastructure works with authorities agencies, resettlement lodging mobilisation, a afloat operation documentation bundle with Lycopodium, and a mining services statement with BCM pursuing a completed re-tender process.

In London, KEFI banal was up 5.2%, changing hands astatine 1.57p.