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Share Price Information for Celsius Resources Limited (CLA)
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Intraday Celsius Resources Limited Share Chart
IN BRIEF: Celsius Resources notes MIC OLSA's potential assignment
Celsius Resources Ltd - developer of the Maalinao-Caigutan-Biyog copper-gold project in the Philippines - Notes announcement by Maharlika Investment Corp, which has executed an agreement for the sale and assignment of its loan position under the Omnibus Loan & Security Agreement with Makilala Mining Co Inc, Celsius' Philippine affiliate, to Equinaire Holdings Ltd, a subsidiary of Kiri Industries Ltd. MIC transfers its rights, title and interests as lender under the OLSA, under which it previously extended a USD10 million bridge loan facility to Makilala to support the front-end engineering design and feasibility study for the Maalinao-Caigutan-Biyog copper-gold project. MIC adds that the facility was structured as a short-term catalytic investment and that it "has achieved its objective of de-risking the project and facilitating the entry of a new strategic investor" now that the FEED and feasibility workstreams are complete.
Celsius says it was not informed of MIC's intentions to progress the sale and assignment of the OLSA to Kiri, and has not yet received a formal notification from MIC. Says it is assessing its position and is taking advice from its legal and financial advisers.
Current stock price: 0.60 pence, down 7.7% on Monday in London
12-month change: up 82%
By Emma Curzon, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Corporate News Mining Construction & MaterialsLatest CLA News
- IN BRIEF: Celsius Resources granted key mining permit in Philippines
18 Mar 2024 - Celsius Resources makes interim loss but notes project progress
15 Mar 2024 - IN BRIEF: Celsius Resources extends share suspension in Sydney
13 Mar 2024 - TRADING UPDATES: Beowulf raises funds for Kallak iron ore project
4 Mar 2024 - TRADING UPDATES: Smartspace extends deadline; EDX launches fundraising
6 Feb 2024 - Celsius Resources makes key application at Philippines project
8 Jan 2024 - IN BRIEF: Celsius submits feasibility application for Sagay project
8 Jan 2024 - UK shareholder meetings calendar - next 7 days
7 Nov 2023
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