Capital Financing
Centaurus Metals secures US$40m strategic equity investment from Glencore and CNGR
Amount raised
US$40 million
US$20 million each from Glencore and CNGR
Issue price
A$0.425 per share
Same price for Tranche 1 and Tranche 2
Securities issued
41,903,070 shares (Glencore, Tranche 1)
CNGR Tranche 1 number set when ODI approval condition is met
Summary
Centaurus Metals has announced that Glencore and CNGR have each agreed to invest US$20 million in the company, for a combined equity investment of US$40 million. The investment is made in conjunction with two new binding offtake agreements for the Jaguar Nickel Project in Brazil. The shares will be issued at A$0.425 per share, which the company states is a 5% premium to the 20-Day VWAP prior to the date of execution of the offtake and subscription agreements. The investment will be made in two tranches, with a first tranche of US$12.5 million each and a second tranche of US$7.5 million each. The company states the funds will support the development of the Jaguar Project and contribute towards its overall funding package.
Offer terms
| Term | Detail |
|---|---|
| Instrument | Shares in Centaurus Metals issued as a strategic equity investment by Glencore and CNGR |
| Tranches | Two tranches. Tranche 1 is US$12.5 million from each of Glencore and CNGR following execution of the Offtake and Subscription Agreements (in CNGR’s case subject to Chinese Outbound Direct Investment approval). Tranche 2 is US$7.5 million from each, subject to Centaurus shareholder approval at a General Meeting and a Final Investment Decision on the Project (CNGR’s Tranche 2 is also subject to Chinese ODI approval). All Tranche 2 conditions have a sunset date of 31 January 2027 |
| Price | A$0.425 per share, which the company states is a 5% premium to the 20-Day VWAP prior to the date of execution of the offtake and subscription agreements. The Tranche 2 issue price will also be A$0.425, with the number of shares subject to a final AUD:USD FX rate determined on the Business Day immediately prior to the Tranche 2 subscription |
| Shareholder approval | Tranche 1 shares will be issued under the company’s existing placement capacity under ASX Listing Rule 7.1. Tranche 2 is subject to Centaurus shareholder approval at a General Meeting |
Use of proceeds
- Support the development of the Jaguar Project
- Contribute towards the Project’s overall funding package
Timetable
| 31 January 2027 | Sunset date for all Tranche 2 conditions |
|---|
Source: Centaurus Metals announcement dated 28 October 2026. This page summarises information from the company's public announcement and is provided for general information only. It is not financial product advice, a recommendation or an offer, and it does not take into account any person's objectives, financial situation or needs. Figures and terms are taken from the announcement and may be incomplete or may have changed since publication. Refer to the original announcement for full details. Kamoa Capital has not independently verified the information.
