Australia's Celsius Resources gains after Philippine loan approval
08/04/2025 01:55
** Shares of Celsius Resources CLA.AX rise 16.7% to A$0.007 ** Stock rose as much as 25% to its highest level since March 31 ** Copper-gold explorer says the Philippine Department of Environment and Natural Resources (DENR) accepted binding term sheet of a bridge loan facility between Maharlika Investment Corporation and Makilala Mining Company (MMCI), co's Philippine affiliate ** Binding term sheet accepted as sufficient proof of financial capability of MMCI, CLA adds ** About 21.9 million shares change hands by 0043 GMT, 3.3 times the 30-day average volume of shares ** Stock down 45.5% this year, as of last close (Reporting by Sherin Sunny in Bengaluru) ((Sherin.Sunny@thomsonreuters.com;))