Marula Mining PLC has announced progress on a €6 million structured debt facility for its Kenyan subsidiary, with full drawdown expected by December 31, 2025. The facility is designed to accelerate development across the company’s battery and critical metals projects in East Africa.
The company confirmed that several investment funds are currently reviewing opportunities to invest in up to five of Marula’s key projects, underscoring growing institutional interest in its expanding portfolio.
Funds from the shareholder loan agreement with Gathoni Muchai Investments Limited (GMI) have now been fully drawn, with GMI agreeing to increase the unsecured, interest-free, non-convertible loan to £1.5 million. The loan will be subordinated to any future financing arrangements, ensuring flexibility for incoming lenders.
Additionally, Marula Mining has finalised financing terms for two further funding facilities aimed at supporting ongoing mining and development operations in Kenya and Tanzania, strengthening the company’s financial base as it advances its regional growth strategy in the battery and critical minerals sector.
