Celsius Resources Ltd (ASX:CLA) is one step closer to listing on the London Stock Exchange’s Alternative Investment Market (AIM).
The Philippines-focused copper-gold explorer reports that its listing endeavour is well advanced, with admission expected in the coming weeks.
The news comes as Celsius’ investment case garners attention from backers across the UK and Europe — sentiment that could generate a critical cash injection for the company and its projects.
As it moves towards an AIM listing, Celsius hopes it can entice more institutional investors to throw their hat into the ring. By broadening its stakeholder base, the company will lay the groundwork to turn its portfolio of assets into operating mines.
Most notably, the AIM has a proven track record for raising capital for companies with operations in the Philippines and Africa.
About Celsius
Celsius Resources is focused on bringing its portfolio of development-ready copper-gold assets to life.
The project developer is honing in on precious and base metal opportunities in the Philippines, home to the fourth-largest copper reserves in the world.
The company’s flagship project is the Maalinao-Caigutan-Biyog (MCB) project, on the country’s main island about 320 kilometres north of Manila.
Celsius Resources also holds interests in several international development assets, spread across Namibia and Australia.