27th Apr 2026 19:19
Celsius Resources Ltd - developer of the Maalinao-Caigutan-Biyog copper-gold project in the Philippines - Notes announcement by Maharlika Investment Corp, which has executed an agreement for the sale and assignment of its loan position under the Omnibus Loan & Security Agreement with Makilala Mining Co Inc, Celsius' Philippine affiliate, to Equinaire Holdings Ltd, a subsidiary of Kiri Industries Ltd. MIC transfers its rights, title and interests as lender under the OLSA, under which it previously extended a USD10 million bridge loan facility to Makilala to support the front-end engineering design and feasibility study for the Maalinao-Caigutan-Biyog copper-gold project. MIC adds that the facility was structured as a short-term catalytic investment and that it "has achieved its objective of de-risking the project and facilitating the entry of a new strategic investor" now that the FEED and feasibility workstreams are complete. Read More
