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Celsius Resources Limited (ASX:CLA)

ALERT: Price-sensitive ASX Announcement for CLA
Current share price for CLA : $0.005 -0.002 (-28.57%)+
Announcement
Release
20 Jul 2026 8:22AM
Price at Release
$0.007
Full Release
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Summary
Celsius Resources Limited announced an update regarding the OLSA with MMCI, following the assignment of rights by the Maharlika Investment Corporation to Equinaire, part of Kiri Industries. Equinaire issued a Notice of Event of Default and initiated foreclosure processes to auction Celsius' 40% stake in MMCI. Celsius disputes these claims and intends to take legal action to protect its interests. They assure stakeholders of ongoing updates as per disclosure obligations.
Key Points
  • Celsius Resources Limited provides an update on the Omnibus Loan and Security Agreement (OLSA) with Makilala Mining Company Inc. (MMCI) and Equinaire Holdings Limited.
  • The Philippine sovereign wealth fund, Maharlika Investment Corporation, assigned its interests in the OLSA to Equinaire, a subsidiary of Kiri Industries Limited of India.
  • Equinaire issued notices claiming an Event of Default by Celsius and commenced foreclosure proceedings to auction Celsius' 40% interest in MMCI.
  • Celsius refutes the Event of Default and questions Equinaire's ability to sell its interest in MMCI, pledging legal action to protect its interests.
  • Celsius continues to update stakeholders according to its continuous disclosure obligations.
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.