Chamwe Kaira
Celsius Resources Limited will terminate its secondary listing on the Namibia Securities Exchange (NSX) after receiving approval from the exchange’s listings division.
The company, registered in Namibia as an external company under Registration No. F/ACN 009 162 949 and trading on the NSX under the share code CER (ISIN: AU000000CLA6), said the decision forms part of a strategic shift in its operations.
In a notice to shareholders, the board said the company’s primary focus is now in the Philippines and that maintaining a secondary listing on the NSX is no longer financially feasible.
“The board of directors of Celsius Resources Limited has decided to terminate the listing of the company on the NSX,” the company said.
The NSX Listings Division approved the delisting, subject to a timetable setting out key dates.
The delisting notice was published on Wednesday, 18 February 2026. The finalisation date is Tuesday, 24 February 2026. The last day to trade Celsius shares on the NSX will be Tuesday, 3 March 2026. Trading will be suspended from Wednesday, 4 March 2026.
The record date for shareholders is Friday, 6 March 2026. The official termination of the listing and withdrawal of shares from the exchange will take place after market close on Wednesday, 11 March 2026.
Celsius is currently dual listed, but the move will end its presence on the Namibian exchange. The board thanked Namibian shareholders for their support during the period the company was listed on the NSX.
In October last year, Celsius said it had started drafting non-binding agreements for a potential deal with a strategic partner to sell its 95% interest in the Opuwo Project.
The Opuwo Cobalt Project is held through its Namibian subsidiary, Opuwo Cobalt Holdings (Pty) Ltd, and is located about 730 kilometres northwest of Windhoek.
The project hosts a large cobalt deposit outside the Democratic Republic of the Congo. Its updated indicated and inferred mineral resource stands at 225.5 million tonnes, grading 0.12% cobalt, 0.43% copper and 0.54% zinc.
The resource contains 259 000 tonnes of cobalt and 970 000 tonnes of copper. The company has previously said the copper component is expected to support the project’s viability given current and projected copper prices.
Cobalt is mainly produced as a by-product of copper and nickel mining, with most of the global supply coming from the Democratic Republic of the Congo, Russia and Zambia.
Caption
Celsius Resources has announced the termination of its secondary listing on the Namibia Securities Exchange (NSX).
- Photo: Contributed
