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Celsius Resources Limited (ASX:CLA)

ALERT: Price-sensitive ASX Announcement for CLA
Current share price for CLA : $0.004 -0.002 (-33.33%)+
Announcement
Release
9 Jun 2026 8:25AM
Price at Release
$0.006
Full Release
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Summary
Celsius Resources Limited announced its initiation of an emergency arbitration process concerning any offtake agreements between Kiri Industries Limited and Makilala Mining Company Inc., executed without Celsius's written approval. This legal action occurs amidst expired binding agreements which previously governed Celsius's MCB Project operations. Furthermore, Maharlika Investment Corporation has successfully transferred its rights under the Omnibus Loan and Security Agreement to Equinaire Holdings Limited, a wholly-owned subsidiary of Kiri, marking the latter's entry into the project's financing structure.
Key Points
  • Celsius Resources Limited is involved in an arbitration process regarding offtake agreements with Kiri and MMCI.
  • The company has initiated an emergency arbitration to stop offtake agreements without Celsius's approval.
  • Celsius intends to rescind any unapproved transactions between Kiri and MMCI.
  • The binding deeds between Celsius, Sodor, and PMR have expired, affecting the MCB Project operations.
  • Maharlika Investment Corporation completed the assignment of its rights under OLSA to Kiri's subsidiary, Equinaire.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.