Celsius Resources Extends MCB Funding Timetable and Resets Philippine Project Structure

An update from Celsius Resources ( (AU:CLA) ) is now available.

Celsius Resources has expanded and progressed its structured funding process for the Maalinao-Caigutan-Biyog copper-gold project, broadening it into three streams involving offtake-linked financiers, project finance banks and strategic equity investors. The company has received a range of non-binding indicative offers, initiated a second phase with shortlisted parties, and extended its financing and final investment decision timeline to the fourth quarter of 2026 while continuing EPC and FEED-level engineering work and exploring non-equity early-works funding options.

The company is also restructuring ownership of Philippine vehicle Makilala Mining Company Inc. after local partner Sodor Inc. failed to complete a US$43 million payment by the extended February 2026 deadline, prompting Celsius to issue notice that Sodor’s shares in MMCI be relinquished. In parallel, Celsius is maintaining its two-entity structure for the MCB project to satisfy Philippine ownership rules and is advancing a sale process for its Opuwo cobalt-copper project, moves that collectively aim to optimise project control, funding flexibility and portfolio focus for stakeholders.

More about Celsius Resources

Celsius Resources is an Australia-listed mineral exploration and development company focused on copper, gold and cobalt projects, with key assets in the Philippines and Namibia. Its flagship Maalinao-Caigutan-Biyog copper-gold project is being advanced through feasibility and funding stages, supported by associated mining and processing entities to comply with local regulatory frameworks.

YTD Price Performance: 16.67%

Average Trading Volume: 13,214,347

Technical Sentiment Signal: Sell

Current Market Cap: A$52.07M

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