Celsius Resources (ASX:CLA) has appointed Grant Samuel Capital Advisory as its financial adviser to support the finalisation of financing for the Maalinao-Caigutan-Biyog Copper-Gold Project, operated through its Philippine affiliate, Makilala Mining.
The company has received strong interest from a range of international mining financiers, offtakers, and investment groups with proven expertise in copper and gold project finance, including offtake, structured and debt financing, and potential equity participation at the project level.
In response to these proposals and the imminent completion of the MCB definitive feasibility study, Celsius' board has tasked Grant Samuel with coordinating an integrated financing process and advising on the structuring and negotiation of an optimal funding package.
Separately, the company has engaged Bardin Davis as a board consultant on strategy, financing, and project development.
Davis, who brings nearly 30 years of mining and emerging market experience in both investment banking and corporate leadership, was most recently CEO of Peak Rare Earths, where he led project financing and binding offtake agreements for the company’s Tanzanian rare earths project.
Grant Samuel, established in 1988, is a leading independent corporate advisory firm with a strong track record in natural resources finance, advising clients in Australia and internationally.
The firm has recently acted as lead financial adviser to Asiamet Resources on the proposed conditional sale of its KSK Project interest for US$105 million.