Celsius Res Share News (CLA)

Celsius Resources raises GBP922,000 to fund project work

(Alliance News) - Celsius Resources Ltd on Thursday said it has GBP922,000, to help fund project work.

UPDATE: Celsius Resources raises GBP1 million for project work

Celsius Resources Ltd - resource development company with projects in Africa and the Philippines - Raises around GBP1 million from placing of 162.3 million new shares at a price of 0.6 pence each. The placing price represents a 17% discount to the stock's Thursday closing price of 0.73p. Celsius says the proceeds will go toward early development works at the company's MCB project, permitting costs at the Sagay copper-gold project, exploration expenditure at the Botilao copper-gold-prospect, as well as for working capital purposes.

IN BRIEF: Celsius Resources to raise GBP1 million for project work

Celsius Resources Ltd - resource development company with projects in Africa and the Philippines - Announces to raise around GBP1 million by way of placing of 164.8 million new shares at a price of 0.6 pence each. The placing price represents a 17% discount to the stock's Thursday closing price of 0.73p. Celsius says the proceeds will go toward early development works at the company's MCB project, permitting costs at the Sagay copper-gold project, exploration expenditure at the Botilao copper-gold-prospect, as well as for working capital purposes.

IN BRIEF: Celsius Resources notes Sagay exploration permit extension

Celsius Resources Ltd - mineral explorer focused on portfolio of copper-gold resources in the Philippines - Says exploration permit for the Sagay copper project in the Philippines, held by its subsidiary Tambuli Mining Company Inc has been granted an extension by the Philippine Mines & Geosciences Bureau.

Celsius subsidiary granted permit for MCB project

(Sharecast News) - Celsius Resources updated the market on its its flagship Maalinao-Caigutan-Biyog (MCB) mining project on Monday, reporting that the Philippine Department of Environment and Natural Resources granted its subsidiary Makilala Mining Company (MMCI) a mineral production sharing agreement (MPSA) on 15 March.

LONDON BRIEFING: FTSE 100 called up on week of central bank decisions

(Alliance News) - Stocks in London are expected to tread water on Monday, as investors look ahead to a busy week of interest rate decisions.

IN BRIEF: Celsius Resources granted key mining permit in Philippines

Celsius Resources Ltd - mineral explorer focused on portfolio of copper-gold resources in the Philippines - Philippine government's Department of Environment & Natural Resources approves mining permit for Celsius's flagship Maalinao-Caigutan-Biyog copper-gold project. The permit is for 25 years, renewable for another 25 years. Celsius says the permit is the first approved in the Philippines in the past 15 years. It grants local subsidiary Makilala Mining Co Inc the exclusive right to undertake exploration, development, and commercial production of copper in the MCB area.

Celsius Resources makes interim loss but notes project progress

(Alliance News) - Celsius Resources Ltd, on Friday announced that it continues to make a loss during a period of exploration, but that it is close to obtaining "exclusive" mining rights on its flagship project.

IN BRIEF: Celsius Resources extends share suspension in Sydney

Celsius Resources Ltd - mineral explorer focused on portfolio of copper-gold resources in the Philippines - Requests extension of share suspension on Australian Securities Exchange. The shares have been halted in Sydney since Monday last week, while they continue to trade on AIM in London. Celsius asks for the suspension to continue until it makes an announcement about the mine permitting process in the Philippines or until Thursday next week at the latest. Says the Philippine government's Department of Environment & Natural Resources has reached a conclusion regarding the issuance of the mining permit for Celsius's flagship Maalinao-Caigutan-Biyog copper-gold project, but there remain "additional important and indispensable Philippine government protocols that need to be complied with for the effectivity of the mining permit".

TRADING UPDATES: Beowulf raises funds for Kallak iron ore project

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

TRADING UPDATES: Smartspace extends deadline; EDX launches fundraising

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Celsius Resources makes key application at Philippines project

(Sharecast News) - Celsius Resources announced on Monday that its Philippine subsidiary, Tambuli Mining Company (TMCI), had made a significant step forward by applying for a declaration of mining project feasibility (DMPF) for its Sagay Copper-Gold Project on the island of Negros.

IN BRIEF: Celsius submits feasibility application for Sagay project

Celsius Resources Ltd - explorer focused on portfolio of copper-gold resources in the Philippines - Says subsidiary Tambuli Mining Co Inc has made an application for a declaration of mining project feasibility for its Sagay copper-gold project to to the mines and geosciences bureau of the Philippine government. The DMPF is a "key requirement" before Celsius can achieve an exclusive right to conduct mining operations on the Sagay project in the island of Negros.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Celsius Resources renews licence for Opuwo cobalt project

Celsius Resources Ltd - Perth, Australia-based explorer focused on its portfolio of copper-gold resources in the Philippines - Receives renewal of prospecting licence for the Opuwo cobalt project, which is held under its Namibian subsidiary, Opuwo Cobalt Holdings (Pty) Ltd. The two-year renewal, which was issued by the Namibian Ministry of Mines & Energy in October, is for the EPL 4346 prospecting licence, which covers approximately 683 square-kilometres. Celsius says this renewal will allow it to further evaluate the project's viability, with a view to finding a suitable partner. Adds that ongoing trade-off studies on mining costs, production rates and the possibility of processing oxide ores are being conducted to determine the viability and financial outcomes.