Celsius Faces Shareholder Vote as It Pushes Forward With Major Capital Raise

Strong Institutional Backing

Celsius Resources Limited (ASX, AIM: CLA) has successfully secured firm commitments for A$9.3 million through a placement that attracted strong interest from institutional investors across Australia, Asia, North America, and the UK. The placement price of A$0.02 per share represented a modest discount to recent trading levels, underscoring investor confidence in Celsius’s copper-gold portfolio, particularly the Maalinao-Caigutan-Biyog (MCB) project in the Philippines.

The placement includes free-attaching options exercisable at A$0.035, valid for three years, which are intended to be quoted on the ASX, offering investors additional upside potential. This structure reflects Celsius’s strategy to balance immediate capital needs with longer-term shareholder value creation.

Use of Funds and Project Progress

The capital raised will primarily support corporate working capital throughout 2026, including fees for advisors and consultants engaged in advancing the financing of the MCB project. Maintaining compliance across Celsius’s portfolio of projects in the Philippines, MCB, Sagay, and Botilao, is another key priority, ensuring permits remain in good standing as the company moves toward finalising project funding.

Notably, the Botilao Copper-Gold project recently secured a renewed exploration permit, enabling Celsius to pursue mineralised extensions. Meanwhile, the Sagay project’s exploration permit remains extended pending approval of a mineral production sharing agreement, a critical step toward mining operations.

Shareholder Incentives and Governance

To reward existing shareholders, Celsius plans to issue Bonus Loyalty Options on a one-for-ten basis, mirroring the terms of the placement options. This move aims to enhance shareholder alignment and participation in the company’s growth trajectory. Director and consultant participation, amounting to A$35,000, is also subject to shareholder approval, reinforcing management’s commitment to the company’s success.

Interim Non-Executive Chairman Peter Hume highlighted the strong demand for the placement as a vote of confidence in the MCB project’s quality and scale. He emphasised that the funds raised position Celsius well to progress financing and early works, while maintaining regulatory compliance across its portfolio.

Looking Ahead

The placement will be executed in two tranches, with the first tranche raising approximately A$9.265 million under existing placement capacity, and the second tranche contingent on shareholder approval at a general meeting scheduled for late March or early April 2026. The company also continues to advance the sale process for its Opuwo project in Namibia, with several non-binding offers under consideration.

With a strengthened balance sheet and clear plans for capital deployment, Celsius is poised to unlock value from its copper-gold assets amid a supportive market environment for base metals.