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The latest update is out from Celsius Resources ( (AU:CLA) ).
Celsius Resources has secured firm commitments to raise A$9.3 million via an institutionally backed share placement at A$0.02 per share, with strong demand from new and existing investors across Australia, Asia, North America and the UK. The placement, conducted in two tranches and including free-attaching options, was priced at a modest discount, underscoring investor confidence in the scale and quality of its copper portfolio.
Post-raising, the company plans to offer Bonus Loyalty Options to existing shareholders and will have over A$10 million in cash to support development and financing of its flagship MCB project. Proceeds will fund corporate working capital, financing efforts for MCB, permit and compliance work for its Philippine projects, exploration at the Botilao copper-gold project, and placement-related costs, strengthening Celsius’s operational footing and project pipeline.
The most recent analyst rating on (AU:CLA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Celsius Resources stock, see the AU:CLA Stock Forecast page.
More about Celsius Resources
Celsius Resources is an ASX and AIM listed mineral exploration and development company focused on copper projects, primarily in the Philippines. Its portfolio includes the flagship Maalinao-Caigutan-Biyog project, as well as the Sagay and Botilao copper-gold assets, positioning the company within the global copper supply chain.
YTD Price Performance: 75.00%
Average Trading Volume: 10,340,572
Technical Sentiment Signal: Buy
Current Market Cap: A$68.23M
Find detailed analytics on CLA stock on TipRanks’ Stock Analysis page.