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Pin to quick picksCelsius Res Regulatory News (CLA)

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Namibian Government Clarification

8 Jun 2023 07:25

RNS Number : 0878C
Celsius Resources Limited
08 June 2023
 

8 June 2023

 

Celsius Resources Limited ("Celsius" or the "Company")

Namibian Government addresses misconceptions on proposed mining stakes

On 2 June 2023, the Board of Celsius communicated with shareholders as follows:

 

"Dear Shareholder

You may have read various news reports earlier this week stating Namibia might consider targeting stakes in resource companies to reap more value from its mineral wealth.The Ministry of Mines and Energy has released a statement rejecting "these wrong perceptions", confirming that the Namibian Government has no intention of seizing any stake from existing mineral or petroleum license holders and remains committed to uphold the sanctity of existing contracts.As such, it is CLA's understanding that the Namibian government will not be taking a minority stake in CLA's Opuwo Cobalt Project.Celsius Resources thanks The Ministry for its clarification and looks forward to further developing the Opuwo Cobalt Project.To read the full release from the Ministry, please see the media statement here."

 

 

For further information, please contact:

 

Company enquiries

Kellie Davis

Company Secretary

P: +61 8 6245 9438

E: info@celsiusresources.com.au

 

Celsius Resources Contact Information

 

Celsius Resources Limited

Peter Hume P: +61 2 8072 1400

E: info@celsiusresources.com.au

W: www.celsiusresources.com

Multiplier Media

Jon Cuthbert

 

M: +61 402 075 707

E: jon.cuthbert@multiplier.com.au

 

Beaumont Cornish Limited

(Nominated Adviser)

Roland Cornish/Felicity Geidt/Andrew Price

+44 (0) 207 628 3396

 

SPAngel

(Broker)

John Meyer/Ewan Leggat/Harry Davies-Ball

+44 20 3470 0470

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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NRASSDSMAEDSEEM
Date   Source Headline
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20th Feb 20137:00 amRNSHalf Yearly Report
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