Mithril Royalties Signs Royalty Agreement At Tulu Kapi Gold Project

Strategic Expansion In Africa’s Gold Arena

Cyprus-based Mithril Royalties announced a development related to Ethiopia’s Tulu Kapi gold project after KEFI Gold and Copper finalized a mining services contract with BCM Group valued at more than $400 million. The agreement covers the first nine years of mining operations and represents the largest operational contract signed for the project to date.

Landmark Contract With BCM Group

Announced on June 22, 2026, the contract forms part of the project’s preparations for production. Mithril’s involvement comes through a $10 million gold royalty linked to Tulu Kapi Gold Mines, KEFI’s Ethiopian subsidiary. As a result, royalty payments will be tied directly to the performance of the project rather than the wider corporate group.

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Resilient Royalty Structure And Risk Profile

According to the company, the royalty carries commercial terms comparable to those of a $20 million royalty held by Chancery Royalty, despite representing a smaller nominal gold exposure.

Disclosures published by KEFI Gold and Copper on the London Stock Exchange state that royalty payments will be made from distributable cash alongside shareholder distributions. The company also said the arrangement does not create additional default risk for lenders or shareholders during the development phase.

Looking Ahead: Production Forecast And Market Impact

Tulu Kapi contains reserves of 1.05 million ounces of gold and total resources of 1.72 million ounces. Annual production is projected at approximately 175,000 ounces during the early and mid-life stages of the mine.

Commenting on the transaction, Mithril Royalties founder and CEO John Costaschuk said the royalty structure provides exposure to producing assets as projects move from development into operation.

The Future Forbes Realty Global Properties

A New Twitter-Inspired Social Network Is Taking Shape

by News Editor

August 27, 2026

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

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Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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