DFC Investment Boosts Antimony Supply for U.S. and Allies

Perth-based Pela Global Limited (PELA) has secured up to $5 million from the U.S. International Development Finance Corporation (DFC) for its Krstov Dol Antimony Mine Restart Project in North Macedonia. This marks DFC’s inaugural antimony investment, underscoring the project’s strategic value.

The agreement allows for potential additional funding, contingent on meeting DFC criteria. This initiative aims to reduce dependence on China by diversifying antimony supply, critical for defense, semiconductors, and energy systems.

DFC funding will aid feasibility studies and international compliance, de-risking the project. PELA is also in talks with PGM Processing for potential offtake agreements after processing trials.

Located in North Macedonia, a NATO member, the project aligns with international environmental standards and supports allied and U.S.-based production needs.