How Celsius Resources’ £0.53M Placement Fuels MCB Project Progress

Placement Details and Strategic Context

Celsius Resources Limited (ASX, AIM, CLA) has successfully completed a £0.53 million placement by issuing 106 million new ordinary shares at 0.5 pence each, representing a modest 5% discount to the previous closing price on AIM. The placement attracted both new and existing institutional investors from the UK and Australia, reflecting continued confidence in Celsius’s base metals exploration and development strategy.

The capital raise was not initially planned during the company’s recent London meetings but was seized as a prudent opportunity to bolster working capital. Executive Director Neil Grimes highlighted that the funds will ensure operational stability through the first half of 2026, a critical period as Celsius advances its MCB Project.

Supporting the MCB Project’s Next Phase

The MCB Project, a cornerstone asset for Celsius, is currently undergoing updated feasibility studies and front-end engineering design (FEED) programs, with results expected by December 2025. The placement proceeds will underpin these efforts and assist in finalising the project’s financing package. This phase is pivotal for Celsius as it seeks to transition from exploration to development, aiming to unlock value for shareholders.

The company’s approach to raising capital reflects a careful balance between securing necessary funds and minimising shareholder dilution. The placement shares will be issued under the company’s existing placement capacity without requiring further shareholder approval, and will rank equally with existing shares.

Broker Involvement and Shareholder Impact

Zeus Capital Limited acted as the broker and bookrunner for the placement, receiving a 5% commission on gross proceeds, a corporate finance fee, and warrants exercisable over three years. These warrants could introduce future dilution depending on their exercise but also align the broker’s interests with Celsius’s ongoing success.

Following allotment, Celsius will have over 3.24 billion shares on issue, setting the stage for shareholder voting and ownership calculations going forward. The company’s transparent communication and regulatory compliance underscore its commitment to maintaining investor trust during this critical growth phase.

Looking Ahead

As Celsius moves toward delivering its updated feasibility study and securing project financing, the recent capital raise provides a financial runway to support these milestones. Investors will be watching closely to see how the MCB Project’s economics and financing structure evolve, which will be key determinants of Celsius’s future trajectory.