AFC Energy Completes First LC30 Fuel Cell Generator, Kefi Secures USD240M Loan for Tulu Kapi
AFC Energy has completed the first LC30 30kW fuel cell generator, demonstrating an 85% reduction in manufacturing costs as it moves into operational testing. Kefi Gold & Copper secured a USD 240 million loan for its Tulu Kapi project, while other companies, including Firering Strategic Minerals and Cloudbreak Discovery, made significant management and acquisition moves in the resource sector.
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AFC Energy completed the first build of its LC30 30kW fuel cell generator, currently in operational testing. The unit shows an 85% reduction in manufacturing costs and supports commercial rollout. Firering Strategic Minerals appointed Youval Rasin as interim CEO after Yuval Cohen stepped down.
The company is increasing its stake in Limeco Resources to 36% and starting hot commissioning of Kiln 2. Cloudbreak Discovery acquired three gold assets in Western Australia, issuing 117 million shares for the transactions.
Foxtons Group acquired FleetMilne for GBP3.2 million to enhance its Birmingham presence. Literacy Capital sold Tyrefix to Citira AB for GBP14.7 million, achieving a 2.5x return. Premier African Minerals announced a GBP1.0 million subscription for its Zulu Lithium Project, while Kefi Gold & Copper secured a USD240 million loan for the Tulu Kapi project.
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