- Centaurus Metals (CTM) taps investors for $46.9 million via a share placement
- Shares were sold at 73 cents apiece to global institutional, corporate and sophisticated investors
- The fresh funds are being used to continue the de-risking, development, and growth of CTM’s Jaguar nickel sulphide project in northern Brazil
- They are being used to finance the completion of the DFS for the project and for FEED work
- Shares in CTM closed 13.6 per cent lower, trading at 73 cents at market close
Centaurus Metals (CTM) has tapped investors for $46.9 million through a share placement
Shares were sold at 73 cents apiece to global institutional, corporate and sophisticated investors.
The fresh funds will be used to continue the de-risking, development and growth of CTM’s Jaguar nickel sulphide project in northern Brazil.
“The strong level of investor interest is a testament to the scale and quality of the Jaguar project, which represents one of the largest ‘green’ nickel projects on the near-term development horizon anywhere in the world,” CTM Managing Director Darren Gordon said.
They will also be used to finance the completion of the definitive feasibility study for the project and also go toward funding front end and engineering design (FEED) work.
The placement proceeds bolsters the company’s cash balance to roughly $59 million.
Shares in CTM closed 13.6 per cent lower, trading at 73 cents at market close.