KEFI Gold and Copper exec chair on $240m debt funding for Ethiopia project, next steps

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams talked with Proactive's Stephen Gunnion about the company’s significant progress in securing funding and advancing development at the Tulu Kapi gold project in Ethiopia. Anagnostaras-Adams confirmed the company has secured a US$240 million debt package, marking a major milestone. With all regulatory and governmental approvals now in place, KEFI is focused on closing the equity component to trigger full project drawdown. He noted, “We’ve allocated about a month to do that, to close that off, call the shareholders meeting to ratify everything. And we're away.” Construction preparations are already underway. KEFI has worked with the Ethiopian government to establish essential infrastructure and security, while engineering firm Lycopodium has been mobilised for procurement and construction. Community resettlement will begin shortly, followed by phased development throughout 2026 and into 2027. Production is targeted for late 2027, with gold commissioning expected by the end of that year. Anagnostaras-Adams highlighted that, at conservative gold prices, the project could deliver *over $1 billion in net cash flow* over seven years, with potential for much more if prices remain high. He concluded: “It’s arguably the best margin gold project going into development in Africa today.” For more updates from KEFI Gold and Copper, visit Proactive’s YouTube channel. Don’t forget to like the video, subscribe, and turn on notifications for the latest news and interviews. #KEFI #GoldMining #Copper #EthiopiaMining #MiningInvestment #GoldProject #TuluKapi #ResourceDevelopment #GoldProduction #JuniorMining #MiningAfrica #MiningNews #ProactiveInvestors