‘Puts us in a really strong position’: Placement to power Celsius Resources’ growth

Welcome to the latest HotCopper Watchlist interview, where we’ve spoken to Celsius Resources (ASX:CLA) executive director Neil Grimes to discuss the latest developments at its MCB Copper-Gold Project in the Philippines, including a recent definitive feasibility study and an institutional placement.

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“This capital raise really strengthens our balance sheet, and puts the company in a really strong position,” Mr Grimes told The Market Link.

“It allows us to maintain all our permits that we already have in place [at MCB], have all our compliance activities maintained to satisfy all the regulations we have, and allows us to do some minor works on our other projects.”

You can watch the full CLA interview in the browser above.

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