The latest update is out from Celsius Resources Ltd. ( (AU:CLA) ).
Celsius Resources Ltd. announced that its Philippine affiliate, Makilala Mining Company, Inc., has secured a USD 76.4 million bridge loan from the Maharlika Investment Corporation, the Philippines’ sovereign wealth fund. This funding will finance crucial phases of the MCB Project, including feasibility studies, engineering design, and early development activities, reducing the need for direct funding from Celsius Resources. The partnership reflects a shared commitment to sustainable and inclusive development, aiming to support local communities and advance the critical metals sector in the Philippines.
More about Celsius Resources Ltd.
Celsius Resources Ltd. is a company involved in the mining sector, focusing on the development of critical metals projects. Its primary area of operation is the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project in the Philippines, which aims to contribute to the country’s mining industry by setting new benchmarks for responsible resource development.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €17.84M
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