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KEFI Minerals ( (GB:KEFI) ) just unveiled an announcement.
KEFI Gold and Copper PLC has successfully dismissed all legal claims against it, as adjudicated by the English High Court of Justice, ensuring no disruptions to its Tulu Kapi Gold Project. This legal victory eliminates potential financial burdens and aids in the project’s progress, with preparations for financial closure expected by the end of Q1 2025. The company is making strides in securing a $240 million loan package to finance the project, which is set to commence major works soon. KEFI’s efforts have been instrumental in shaping Ethiopia’s emerging minerals sector, and the company anticipates strong returns for stakeholders as it prepares to launch significant development activities.
More about KEFI Minerals
KEFI Gold and Copper PLC is an exploration and development company focusing on gold and copper resources, particularly in the Arabian-Nubian Shield. The company is dedicated to advancing projects in this mineral-rich region to capitalize on market opportunities.
YTD Price Performance: 0.84%
Average Trading Volume: 49,277,516
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £38.31M
Learn more about KEFI stock on TipRanks’ Stock Analysis page.
