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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
17 Aug 2026 8:09AM
Price at Release
$0.006
Full Release
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Summary
Celsius Resources Limited announced a corporate update involving recent developments with Kiri Industries Limited and its subsidiary Equinaire Holdings Limited. The announcement details the lifting of a Temporary Order of Protection related to a 40% interest in Makilala Mining Company Inc. (MMCI), planned arbitration regarding a loan agreement, a special stockholder’s meeting to expand MMCI’s capital, and a potential copper offtake agreement. Celsius is pursuing arbitration to protect its interests following disputes over foreclosure and capital stock increases. The company remains focused on developing the MCB Project and will provide further updates in line with its disclosure obligations.
Key Points
  • Lifting of Temporary Order of Protection regarding MHL's interest in MMCI
  • Planned arbitration over the Omnibus Loan and Security Agreement
  • Special Stockholders Meeting to increase MMCI's authorized capital stock
  • Potential copper offtake agreement between Kiri and MMCI
  • Celsius seeking arbitration to protect its interests and contest enforcement steps
  • Court granted Equinaire's motion to lift the TOP with a counterbond
  • Celsius filed a Motion of Reconsideration against lifting the TOP
  • Arbitration aimed at achieving clarity and stability for the MCB Project
  • Celsius remains committed to developing the MCB Project
  • Ongoing disputes with Kiri over offtake agreements
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.