PELA Completes DFC Signing in Washington, D.C.
PELA’s MD, Nik Jovanovski, signs DFC Agreement in Washington, D.C.
Following our recent announcement, Pela Global Limited (“PELA” or the “Company”) is pleased to mark the execution and ceremonial signing in Washington, D.C. of its Project Development Funding Agreement (Agreement) with the U.S. International Development Finance Corporation (DFC).
The Agreement, which provides up to US$5 million in project development funding for the Krstov Dol Antimony Mine Restart Project in North Macedonia, represents DFC’s first antimony investment and first project in North Macedonia, underscoring the project’s strategic relevance and commercial potential.
In its official release, DFC stated:
“DFC is proud to announce our partnership with Pela on this strategic Project Development agreement, our first in North Macedonia,” said DFC CEO Ben Black. “By supporting the revival of the brownfield antimony mine and processing operation at Krstov Dol, this project will help diversify global antimony supply away from China and secure a reliable source of this critical mineral for the U.S. and our allies.”
Commenting on the agreement, Managing Director Nik Jovanovski said:
“This partnership with DFC enables us to bring the Krstov Dol Mine back into production. It marks an important step in advancing a proven asset, while supporting efforts to strengthen and diversify antimony supply for U.S. and allied markets.”
The Washington signing reflects the continued strategic focus on securing antimony supply chains, with the Agreement providing for follow-on financing, subject to feasibility and DFC investment criteria, and indicating a pathway toward construction and long-term development support.
Further details are available in:
• DFC’s official release: DFC Backs Revival of Key Antimony Project to Bolster Industrial Supply Chains for U.S. and Allies
• PELA’s announcement: DFC Funding Positions PELA to Deliver Critical Antimony Supply to U.S. and Allied Markets
The Pela Team
For further information, please contact:
Investor Relations
PELA GLOBAL LIMITED
Email: info@pelaglobal.com.au
Website: www.pelaglobal.com.au
About Pela Global Limited
Pela Global Limited is an Australian critical and precious metals company focused on the responsible development of mineral resources across Southeastern Europe’s Tethyan Metallogenic Belt. Its key assets include:
Krstov Dol Antimony Project (North Macedonia) – An advanced-stage project aiming to produce high-grade antimony concentrate from a historically producing site, strategically positioned to support Western critical minerals supply objectives.
Samar Gold Project (North Macedonia) – A high-grade polymetallic system with confirmed gold, silver, lead, zinc, and copper mineralisation, offering strong exploration and development potential.
Forward-Looking Statements
This announcement may contain forward-looking statements which include, but are not limited to, statements regarding the future financial and operational performance of the Company, project development plans, timing and completion of studies, estimates of mineral resources or reserves, future production, costs, revenues, and other anticipated outcomes. Forward-looking statements are based on the Company’s current expectations, estimates, and assumptions and are subject to a range of risks, uncertainties, and other factors, many of which are outside the control of the Company. These could cause actual results to differ materially from those expressed or implied in such statements.Although the Company believes that the assumptions and expectations reflected in these forward-looking statements are reasonable, they should not be regarded as guarantees or predictions of future performance. Forward-looking statements are inherently subject to business, economic, competitive, political, and social uncertainties and contingencies. Readers are cautioned not to place undue reliance on such statements.
The Company makes no representation and gives no assurance that the results, performance, or achievements expressed or implied in the forward-looking statements will actually occur. Except as required by law, the Company does not undertake to update or revise forward-looking statements to reflect any change in expectations or circumstances.