CTM: CTM Acquires Jaguar Offtake Rights in Pivotal Transaction
CENTAURUS METALS LIMITED
- Centaurus acquires 100% offtake rights for all Jaguar nickel products from Vale in exchange for an increase in Vale's Net Operating Royalty over the Project.
- Vale's offtake rights extinguishment provides Centaurus with control and optionality over future marketing and sales of Jaguar's low-carbon nickel sulphate product.
- This clean transaction structure allows Centaurus to preserve cash reserves for ongoing DFS and project development activities, and broadens strategic funding pathways.
2023-06-19 09:28:00