Celsius Resources Ltd (ASX:CLA, AIM:CLA) reiterated that as far as it understands the Namibian government has no intention of taking a minority stake in the Opuwo cobalt project.
The African country's Ministry of Mines and Energy has released a statement rejecting "these wrong perceptions", it said, and confirming that the Namibian Government has no intention of seizing any stake from existing mineral or petroleum licence holders and remains committed to upholding the sanctity of existing contracts.
Celsius Resources said it thanked The Ministry for its clarification and added that it looks forward to further developing the Opuwo cobalt project.