Chinalco Mining to acquire Opuwo from Celsius for US$15m
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Celsius Resources Ltd. has announced the execution of a binding Share Sale Agreement with Chinalco Mining for the sale of its interest in the Opuwo Cobalt-Copper Project in Namibia for a significant amount. The transaction will allow Celsius to focus on its Philippine copper-gold projects and provide funding for further development. Conditions for the sale include shareholder approval and regulatory clearances in Namibia and China. Celsius aims to use the proceeds from the sale to advance the MCB Copper-Gold Project, pending resolution of an arbitration dispute.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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