Update on transaction with Silvercorp Metals
As previously announced, Celsius and Silvercorp entered into a term sheet which outlined the non-binding key terms upon which, amongst other things, Silvercorp would acquire 100% of the issued capital of Celsius pursuant to a scheme of arrangement (“Scheme”).
MCB Project receives Certificate of Approval for EPEP-FMRDP
The approval of the EPEP-FMRDP is another step closer in the mine permitting process of obtaining a Mineral Production Sharing Agreement (MPSA) with the Philippine Government which the Company envisages receiving by the end of August 2023.
Issuance of permit for Celsius’ Botilao Copper Gold Tenement underway
Celsius Resources is pleased to announce that a secondary tenement, the Botilao Porphyry Copper-Gold Prospect under its Philippine subsidiary, Makilala Mining Company, will be explored to complement the development of the area with a potential to extend the operational mine life.
Namibian Government addresses misconceptions on proposed mining stakes
The Ministry of Mines and Energy has confirmed that the Namibian Government has no intention of seizing any stake from existing mineral or petroleum license holders and remains committed to uphold the sanctity of existing contracts.
MCB Project receives Environmental Compliance Certificate
The issuance of the ECC enables the Company to move forward with obtaining a Mineral Production Sharing Agreement with the Philippine Government which would allow the Company to develop and operate the MCB Project.
Celsius welcomes proposed acquisition from Silvercorp
‘Some are seeing this as 3 cents, but when you look at it as a combined value (acquisition and SpinCo) this deal is more like 4.5c’ – Peter Hume speaks to Proactive Investors about the proposed acquisition by Silvercorp.
Celsius Resources receives proposed acquisition by Silvercorp Metals; plans joint $5 million raise for MCB
Celsius Resources (ASX:CLA, AIM:CLA) is pleased to announce it has entered into a non-binding term sheet (“Term Sheet”) and a binding subscription agreement (“Subscription Agreement”) with Silvercorp Metals Inc., (“SVM” or “Silvercorp”) (TSX:SVM, NYSE:SVM) a Canadian-based mining company engaged in the acquisition, exploration, development and mining of mineral properties. Highlights Celsius Resources Limited has entered…