Celsius Resources (AIM:CLA) has expanded and formalised a structured funding push for its MCB copper‑gold project, completing an initial round of non‑binding indicative offers and moving shortlisted parties into a second phase, the company said.
Grant Samuel Capital Advisory was engaged in January after the completion of the DFS, and Celsius said it has split the financing process into three parallel streams: offtake‑linked financiers (targeting mining funds and trading houses), Philippine and international project finance banks, and strategic equity investors (principally miners and investment groups).
The first phase of the offtake‑linked stream has closed with a “broad range” of NBIOs across potential debt and equity components, Celsius said, and EPC and FEED‑level engineering work is continuing in parallel. The company also said it is examining immediate, non‑equity funding options to support early works.
Celsius pushed the target for project financing completion and a Final Investment Decision out to Q4 2026. The revised timetable, the company said, allows time to finalise the restructuring of Makilala Mining Company, Inc. (MMCI), complete vendor legal and independent technical expert reports, undertake detailed due diligence and site visits, and negotiate transaction documentation.
