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An update from Centaurus Metals Limited ( (AU:CTM) ) is now available.
Centaurus Metals Limited has announced the opening of a Share Purchase Plan (SPP) as part of a broader $23 million capital raising initiative. This plan allows eligible shareholders to purchase up to $30,000 worth of new shares without incurring additional costs. The funds raised will support the advancement of the Jaguar Nickel Sulphide Project, strategic partnerships, and exploration of the Boi Novo Copper Project. The SPP follows a successful $20 million institutional placement and aims to raise an additional $3 million, ensuring the company is well-funded for its upcoming projects.
The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.
More about Centaurus Metals Limited
Centaurus Metals Limited is a company operating in the mining industry, focusing on the development of nickel and copper projects. Its primary projects include the Jaguar Nickel Sulphide Project in northern Brazil and the Boi Novo Copper Project.
Average Trading Volume: 738,870
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$176.3M
See more data about CTM stock on TipRanks’ Stock Analysis page.