DFC Invests $5 Million in Pela Global's Antimony Project in North Macedonia
Pela Global Limited has secured up to $5 million from the U.S. International Development Finance Corporation for its Krstov Dol Antimony Mine in North Macedonia. This investment is significant as it represents DFC’s first foray into antimony and the region, aiming to diversify supply chains for critical minerals in the U.S. and allied markets.
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Pela Global Limited (PELA) has finalized a funding agreement with the U.S. International Development Finance Corporation (DFC) for up to $5 million to support the Krstov Dol Antimony Mine Restart Project in North Macedonia.
This investment constitutes DFC's inaugural entry into the antimony sector and the North Macedonian market, indicating strong confidence in the project's commercial viability. The funding will enable critical feasibility assessments, including a JORC-compliant Mineral Resource Estimate.
Following this, PELA is also collaborating with PGM Processing to establish a commercial offtake arrangement for antimony concentrate. This project is positioned to address supply constraints in the defense, semiconductor, and energy sectors, particularly amidst increasing demand and limited production capacity in allied nations.
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