A$23m capital raise keeps Centaurus' Brazil nickel project on path to 2026 FID
ASX-listed Centaurus Metals on Thursday announced firm commitments for A$20-million from Australian and international institutional and sophisticated investors in a placement to advance its flagship Jaguar nickel sulphide project in northern Brazil.
The shares will be issued at A$0.36 each, with one free option for every two shares exercisable at A$0.50 and expiring November 30, 2027. The company will also offer eligible shareholders the chance to participate in a share purchase plan to raise up to an additional A$3-million on the same terms.
Proceeds will be used to progress strategic partnering, debt funding negotiations and other pre-development work ahead of a final investment decision in the first half of 2026. Funds will also support exploration at Centaurus’s Boi Novo copper project.
“We are very pleased with the strong support received from both new and existing Australian and international institutional and sophisticated investors, who recognise Jaguar’s status as one of the premier new, near-surface nickel sulphide projects worldwide,” MD Darren Gordon said in a statement.
The Jaguar project, with all key environmental approvals in place, is planned as a 15-year openpit mine producing up to 22 600 metric tons of nickel a year in the first seven years at an all-in sustaining cost of $4.43/lb.
“This is the first capital raising undertaken by Centaurus since July 2023, which is testament to our disciplined and prudent approach to managing our cash,” Gordon said, adding that the next 6 to 12 months would be “a transformational period” for the company.
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