Centaurus Metals Limited Secures Crucial Jaguar Offtake Rights in Landmark Deal

Jun 19, 2023

Centaurus Metals Limited (ASX: CTM) has made a significant move by acquiring the offtake rights over the Jaguar Nickel Sulphide Project in Brazil. The pivotal agreement with Vale grants Centaurus complete control over the marketing and sales of all Jaguar nickel products. In return, Vale's Net Operating Royalty will be increased by 1.2% for nickel sulphate and 1.25% for nickel concentrate and other products derived from Jaguar.

This strategic acquisition positions Centaurus to tap into the rapidly growing battery materials sector, providing ample opportunities for funding and partnerships. The clean transaction structure preserves Centaurus' cash reserves, avoids equity dilution, and expands the avenues for financing and de-risking the development of the Jaguar Project. The strengthened alignment with Vale enhances the prospects for all stakeholders involved.Top of Form

 

 

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