How Will Grant Samuel Shape Celsius’s Copper-Gold Project Financing?

Celsius Advances Financing Strategy

Celsius Resources Limited has taken a decisive step in advancing its Maalinao-Caigutan-Biyog (MCB) copper-gold project in the Philippines by appointing Grant Samuel Capital Advisory Pty Limited as its financial adviser. This move comes as the company prepares to finalise project financing, following strong interest from a range of international mining financiers, offtakers, and investment groups.

The MCB project, held through Celsius’s Philippine affiliate Makilala Mining Co., Inc., is approaching a pivotal moment with the imminent completion of its Definitive Feasibility Study (DFS). The appointment of Grant Samuel aims to coordinate an integrated financing process that balances various funding structures including offtake agreements, structured and debt financing, as well as equity participation at the project level.

Strategic Expertise Added to Board

In addition to Grant Samuel’s advisory role, Celsius has engaged Bardin Davis as a consultant to the board. Davis brings nearly three decades of mining and investment banking experience, with a strong track record in emerging markets and project financing. His recent leadership at Peak Rare Earths, where he oversaw financing and binding offtake agreements for a Tanzanian rare earths project, positions him well to guide Celsius through the complex financing and development decisions ahead.

The combined expertise of Grant Samuel and Bardin Davis is expected to provide Celsius with robust strategic and financial guidance as it navigates the final stages of securing capital for the MCB project. Grant Samuel’s recent advisory work in Southeast Asia, including a notable transaction involving Asiamet Resources, underscores their capability in managing resource project financings in the region.

Implications for Celsius and Investors

This appointment signals Celsius’s commitment to moving the MCB project towards construction and production. The strong international interest in financing options reflects confidence in the project’s potential, but also highlights the complexity of structuring a funding package that aligns with the company’s strategic goals and shareholder interests.

Investors will be watching closely as Celsius finalises its financing arrangements, which will shape the company’s capital structure and development timeline. The involvement of seasoned advisers suggests a thorough and considered approach, but the ultimate terms and timing of the financing remain to be seen.