DFC Funds Pela Global's North Macedonia Antimony Mine

Pela Global Limited, an Australian critical and precious metals company, has secured a Project Development funding agreement of up to US$5 million from the United States===U.S. International Development Finance Corporation (DFC). This funding is designated for the Krstov Dol Antimony Mine Restart Project in North Macedonia, marking DFC's first antimony investment and first project in the country. The initiative aims to revive a historically producing antimony asset to provide a near-term source of supply for U.S. and allied markets, thereby diversifying global antimony supply away from China. Antimony is a critical input for defense, semiconductor, and energy systems. The agreement also includes potential for follow-on financing and has led to a collaboration with U.S.-based PGM Processing for a commercial offtake arrangement. Nik Jovanovski, Managing Director of Pela Global Limited, and Ben Black, CEO of DFC, both emphasized the strategic importance of this partnership in securing critical mineral supply.