Share Purchase Plan Raises $3.1 Million
| Stock | Centaurus Metals Ltd (CTM.ASX) |
|---|---|
| Release Time | 15 Sep 2025, 8:19 a.m. |
| Price Sensitive | Yes |
Centaurus Metals Raises $3.1 Million in Share Purchase Plan
- Share Purchase Plan (SPP) raised $3.1 million before costs
- Funds will advance development of Jaguar Nickel Sulphide Project in Brazil
- Support Jaguar Strategic Partnering and debt funding processes ahead of Final Investment Decision in H1 2026
- Underpin ongoing exploration at Boi Novo Copper Project
Centaurus Metals Limited (ASX: CTM, OTCQX: CTTZF) has announced the results of its non-underwritten Share Purchase Plan (SPP), which raised $3.1 million before costs. The SPP was open to eligible shareholders and was undertaken at $0.36 per new fully-paid ordinary share, the same price as the $20 million institutional placement announced on 14 August 2025. The funds raised through the SPP, together with the proceeds from the recent placement, will be used to advance the development of Centaurus' flagship Jaguar Nickel Sulphide Project in northern Brazil and to support the Jaguar Strategic Partnering and debt funding processes ahead of a Final Investment Decision (FID), which is targeted for the first half of 2026. The funds will also underpin ongoing exploration at the exciting Boi Novo Copper Project. Commenting on the outcome, Centaurus' Managing Director Darren Gordon said the strong support from existing shareholders through the SPP, combined with the recent well-supported institutional placement, is a testament to the quality of the Jaguar Nickel Project, which is one of the few major new nickel sulphide projects globally currently moving towards development. The funds raised will further strengthen Centaurus' balance sheet and put the company in a strong position to advance ongoing development activities at Jaguar while also progressing the strategic partnering process and funding negotiations ahead of the targeted FID in the first half of 2026.
The funds raised will allow Centaurus to advance the development of the Jaguar Nickel Sulphide Project in Brazil, including progressing the Jaguar Strategic Partnering and debt funding processes ahead of a Final Investment Decision targeted for the first half of 2026. The funds will also support ongoing exploration at the Boi Novo Copper Project.