What Happened
Mining Explorer Faces Mounting Legal Friction In Philippines
Celsius Resources, a dual-listed mining explorer, has launched an emergency arbitration application to secure an injunction against an unapproved offtake agreement between Makilala Mining Company and Kiri Industries. The company is seeking to halt the transaction until a broader arbitration dispute involving Sodor and PMR Holding is fully resolved. The move comes amidst a complete breakdown in communication and significant concerns over MMCI’s management and leadership. Celsius Resources’ share price was $0.0080 at the time of reporting, according to Unknown Source.