PELA GLOBAL LIMITED (“PELA”), an Australian mining company with Antimony and Gold development projects in the NATO-member country of the Republic of North Macedonia, announced today that it has secured an AU$75M commitment from GEM Global Yield LLC SCS (“GEM”), a Luxembourg-based private investment group. GEM’s commitment will provide PELA up to AU$75 million over a 36-month term following PELA’s public listing.
PELA’s Luke KP mine license in the Republic of North Macedonia hosts both its flagship Antimony Mine Restart Project, a globally recognized project with the potential to rank among the largest antimony mining operations worldwide, and the highly prospective Samar Gold Project, a gold project underpinned by strong exploration results, robust economics, and a favorable precious metals market.
“In an environment of heightened complexity and the concentration of critical minerals such as Antimony in the hands of a few countries, the exploration and development of critical mineral projects has never been more urgent. In this regard, PELA is uniquely positioned to fill the supply gap and deliver minerals to markets through secure supply chains”, stated Nik Jovanovski, MD and CEO of PELA. “This agreement marks a pivotal step towards PELA executing its exciting critical and precious metals business strategy.”
About Pela Global Limited
PELA is an Australian-registered, public unlisted mining company headquartered in Perth, Western Australia. With operations focused in the Republic of North Macedonia, PELA is advancing both mining and renewable energy projects across North Macedonia and Southeastern Europe, building on its strong operational presence in the region.
Currently in the process of listing on the Australian Securities Exchange (ASX), PELA is an inaugural member of the Executive Consultation Committee of the Blue Dot Network and a participant in the Minerals Security Partnership, demonstrating its dedication to responsible practices and community development.
About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 570 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.
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