Celsius Resources Secures Funding for Key Copper-Gold Project

Celsius Resources ( (AU:CLA) ) has provided an announcement.

Celsius Resources Limited has secured a USD 76.4 million bridge loan facility through its affiliate Makilala Mining Company to fund early works for the Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines. This funding will support feasibility studies, engineering design, and initial construction activities, marking a significant step in the project’s development. Additionally, the company is progressing with its other projects, including the potential sale of its interest in the Opuwo Cobalt Project and ongoing approvals for the Sagay Copper-Gold Project. These developments position Celsius Resources to advance its mining operations and potentially enhance its market presence.

More about Celsius Resources

Celsius Resources Limited is a mining company involved in the exploration and development of copper, gold, and cobalt projects. The company operates primarily in the Philippines and Namibia, focusing on projects such as the Maalinao-Caigutan-Biyog Copper-Gold Project, Botilao Copper-Gold Prospect, Opuwo Cobalt Project, and Sagay Copper-Gold Project.

Technical Sentiment Signal: Strong Buy

Current Market Cap: €11.48M

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