#Australia #Perth #U.S. Government #Antimony Mine #PELA Global

PELA Global Secures Major Funding Deal

PELA Global Limited, an Australian company specializing in critical and precious metals, has announced the successful completion of a significant financing agreement with the U.S. International Development Finance Corporation (DFC). This arrangement will see PELA receive funding of up to $5 million to support the development of its flagship project, the Krstov Dol Antimony Mine Restart Project (KDM), located in North Macedonia.

This agreement is a critical milestone for PELA as it strives to emerge as a key supplier of vital minerals for interconnected markets in the near future. The financing is aimed at covering several key project development activities at the KDM site, which include the preparation of a mineral resource estimate compliant with the JORC Code, the completion of environmental and social impact assessments, and the progression of the project towards feasibility.

The project benefits from historical mining activities and a wealth of geological and technical data, including historical mineral resource and reserve estimates that were compiled and approved under the former Yugoslav reporting system. This foundation not only provides credibility but also enhances the potential success of the KDM project.

About PELA Global Limited

PELA Global Limited is focused on the responsible development of mineral resources located within the Tethyan metal belt in Southeast Europe. Their notable assets include:

• - Antimony Project Krstov Dol (North Macedonia): This advanced-stage project seeks to extract high-grade antimony concentrate from a strategically positioned historical production site designed to assist in meeting Western critical minerals supply objectives.
• - Gold Project Samar (North Macedonia): This polymetallic system has confirmed mineralization of gold, silver, lead, zinc, and copper, showcasing significant exploration and development potential.

The PELA board is excited to inform stakeholders that the company is currently considering the possibility of an initial public offering (IPO) to aid in its application for admission to an Australian securities exchange. Should the board decide to proceed with the IPO, PELA will publish a prospectus containing all terms and additional details related to this offering. While there can be no guarantees that the IPO event will occur, the company commits to providing updates on its website and/or via email regarding any developments on this front.

If you're interested in learning more about PELA Global, please visit www.pelaglobal.com for further details.