Latest Celsius Resources (ASX:CLA) News

Celsius Resources has struck a binding deal to offload its 95% stake in the Opuwo cobalt-copper project in Namibia to Chinalco (Xiong’an) Mining for US$15 million, freeing capital to focus on its Philippine copper-gold assets amid ongoing arbitration.

Celsius Resources disputes Kiri Industries’ takeover of loan rights and offtake negotiations at Makilala Mining, triggering emergency arbitration amid ongoing project financing tensions.

Speculative small caps drove the week, with Tasman Resources, Solis Minerals and Lithium Energy leading the board after funding, drilling and asset sale updates. At the other end, ASX Ltd and Arafura Rare Earths fell hard as investors reacted to higher costs and fresh equity issuance.

Small-cap materials stocks swung hard as fresh funding, mine build decisions and standout drill hits drove the week’s biggest moves. Gold, lithium, rare earths and tungsten names all drew buying, while a few raisings and weak follow-through after trading halts kept losses sharp.

Celsius Resources initiates emergency arbitration to halt Kiri’s offtake deals with Makilala Mining, while grappling with governance upheaval and stalled financing at its Philippine copper project.

Celsius Resources faces a setback as interim legal orders to block Sodor’s control over Makilala Mining are denied, with recent shareholder meetings reshaping the board despite expired payment deadlines.

Celsius Resources is probing an unauthorized directive by an executive to transfer shares in Makilala Mining, leading to the termination of the executive's consulting role amid ongoing ownership conflicts.

Celsius Resources appoints Bardin Davis as MD to lead financing efforts for the MCB Copper-Gold Project, extends Final Investment Decision timeline to late 2026, and navigates a complex ownership dispute in the Philippines while raising A$9.3 million.

Celsius Resources has revealed it was not informed before Maharlika Investment Corporation assigned its loan under the Omnibus Loan and Security Agreement with Makilala Mining to an Indian firm, prompting legal and financial review.

A courtroom claim, a big feasibility study and a Greenland setback drove the week’s biggest share moves. Investors paid up for clearer funding and permits, but sold hard when project timelines looked shaky.

Celsius Resources has appointed Bardin Davis as Managing Director to spearhead financing efforts for its Maalinao-Caigutan-Biyog Copper-Gold Project, while initiating a search for a Non-Executive Chair to strengthen governance.

Celsius Resources' subsidiary has formally notified its partner of plans to relinquish a 60% stake in Makilala Mining Company, with regulatory compliance and shareholder engagement underway.