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Celsius Resources ( (AU:CLA) ) has issued an announcement.
Celsius Resources has received its first funding drawdown from Mahalika Investment Corporation, marking a significant milestone as it progresses its flagship MCB Project into a new development phase. The company has made management changes, appointing Neil Grimes as Executive Director to oversee financial management, stakeholder engagement, and project financing. These developments are part of Celsius’ strategy to transition from exploration to becoming a leading copper and gold producer in the Philippines, with a focus on sustainable development and environmental stewardship.
More about Celsius Resources
Celsius Resources Limited is a company operating in the mining industry, with a focus on copper and gold extraction. Its primary project is the Maalinao-Caigutan-Biyog Copper-Gold Project (MCB) located in the Philippines, which is part of its Makilala portfolio.
Technical Sentiment Signal: Sell
Current Market Cap: A$21.95M
For an in-depth examination of CLA stock, go to TipRanks’ Overview page.