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.

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.

Right now, there aren’t enough copper mines to deal with the 2.5 times more copper required in a battery electric vehicle than for a standard internal combustion engine vehicle.

Read more about our compelling copper and cobalt assets.

Celsius Resources executive director Peter Hume tells Proactive its wholly-owned subsidiary Makilala Holding Ltd (MMCI), has inked a deal with Sodor Inc for the latter to acquire 60% of MMCI.

Binding deed entered into with Sodor, Inc. to attain the required 60% Filipino legal ownership in Celsius’ wholly-owned subsidiary, MMCI.