CELSIUS RESOURCES ORD
Silvercorp Metals targets Philippines copper with Celsius Resources merger move
Canadian precious metals miner Silvercorp Metals (TSX: SVM, NYSE: SVM) has launched an approximately $56 million merger bid for Philippines copper mine developer Celsius Resources (ASX: CLA, AIM: CLA). The pair have entered into a non-binding term sheet and a binding subscription agreement which will see the Canadian-based mining company acquire all outstanding Celsius shares […]
Debt warning for small resource stocks as a rate squeeze worsens
Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect. Rising interest rates impact everyone, but with mining there is a problem in trying to align erratic (commodity exposed) income with fixed […]
Celsius Resources diversifies into copper-gold in the Philippines
Celsius Resources (ASX: CLA) is acquiring a suite of copper-gold projects in the Central Cordilla region of the Philippines including an advanced high-grade copper deposit that revealed wide mineralised zones when drilled by a previous owner. The company said recent changes to legislation and governance in the Philippines is now making the country an attractive […]
Celsius Resources joins Lachlan Fold Belt gold rush
Celsius Resources (ASX: CLA) has picked up historic gold ground on the Lachlan Fold Belt of NSW that lies along strike from an adjacent recent discovery. Celsius will acquire 100% of the Cullarin West project from privately owned Syndicated Minerals in return for 20 million new shares in the listed junior. The new project is […]