Highlights:

  • Celsius Resources to issue 100m new shares at 0.5p each, raising GBP 0.5m.
  • Placing shares account for approximately 3% of enlarged issued share capital.
  • Net proceeds will fund corporate operations and general working capital requirements.

Celsius Resources Limited (LSE:CLA) has announced its intention to raise approximately GBP 0.5m through a placing of new Ordinary Shares to certain institutional and other investors. The shares will be offered at a price of 0.5 pence per share, representing a discount of around 5% to the closing price of 0.525 pence on 11 November 2025, the latest practicable business day prior to the announcement.

The placing will be conducted through an accelerated bookbuild process, which will commence immediately following the announcement. Zeus Capital Limited is acting as the bookrunner for the transaction. The Company will provide a further update confirming the closing of the bookbuild and the number of shares to be issued in due course.

Details of the Placing Shares

The Placing involves the issue of approximately 100,000,000 new Ordinary Shares. If fully subscribed, these shares will represent roughly 3% of the enlarged issued share capital. Admission of the Placing Shares to trading on AIM is expected at 8.00 a.m. on or around 17 November 2025, subject to certain conditions being satisfied.

Conditions for Admission

Admission of the Placing Shares is conditional on factors including the completion of the Placing Agreement between the Company and Zeus Capital, delivery of required documents, and full performance of the Company’s obligations under the agreement. The Placing Agreement must not be terminated by the bookrunner for the admission to become effective.

Use of Proceeds

The net proceeds from the Placing will be used to progress Celsius Resources’ corporate and operational strategy and for general working capital purposes. No specific projects or operational areas have been detailed beyond these uses.

Warrants to Bookrunner

As part of the fee arrangements under the Placing Agreement, the Company will issue warrants to Zeus Capital upon admission. The warrants will enable Zeus Capital to subscribe for new Ordinary Shares equal to 5% of the Placing Shares at an exercise price of AUD 0.015 per share. They will be exercisable at any time within three years of the grant date and will include customary anti-dilution provisions.

Next Steps

The Company will provide an update once the bookbuild closes and the final number of Placing Shares is confirmed. The Placing is intended to provide additional funds for ongoing corporate and operational activities.

Share Performance of CLA

CLA was trading  at GBX 0.53 per share as of 12 November 2025 at the time of writing.