Centaurus Metals Raises $23M to Accelerate Jaguar Nickel Project Development

Capital Raising to Propel Jaguar Project

Centaurus Metals Limited (ASX – CTM) has announced a significant $23 million capital raising initiative aimed at accelerating the development of its flagship Jaguar Nickel Sulphide Project in northern Brazil. The raise comprises a $20 million institutional placement priced at $0.36 per share, complemented by a $3 million Share Purchase Plan (SPP) open to existing shareholders on the same terms. This infusion of capital is designed to underpin the company’s progress toward a Final Investment Decision (FID) targeted for the first half of 2026.

Strategic Positioning and Project Readiness

The Jaguar project is positioned as one of the world’s most promising new nickel mines, boasting a 15-year open pit operation with an initial seven-year production averaging 22,600 tonnes per annum at a competitive all-in sustaining cost of US$4.43 per pound. Importantly, all key environmental approvals are already in place, smoothing the path toward development. Centaurus is actively advancing strategic partnering and off-take discussions, critical steps in securing the necessary funding and commercial arrangements ahead of the FID.

Investor Confidence and Shareholder Participation

Managing Director Darren Gordon highlighted the strong support from both Australian and international institutional investors, reflecting confidence in Jaguar’s potential and the company’s disciplined capital management. The inclusion of a Share Purchase Plan offers retail shareholders an opportunity to participate alongside institutional investors, reinforcing Centaurus’ commitment to its existing investor base. The placement shares will be issued with attaching options exercisable at $0.50, providing additional value and potential upside for new and existing shareholders.

Exploration Beyond Jaguar

Alongside the Jaguar project, Centaurus will continue exploration activities at the Boi Novo Copper Project, another 100%-owned asset showing promising potential. The capital raising will support ongoing work there, signaling the company’s broader growth ambitions beyond nickel.

Looking Ahead

With approximately $9 million in cash on hand prior to this raise, Centaurus is now well-positioned to navigate the final pre-development, permitting, and funding stages for Jaguar. The coming 6 to 12 months are expected to be transformative as the company moves closer to unlocking one of the Western world’s next major nickel sulphide mines, a critical commodity in the global transition to clean energy and electric vehicles.