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Centaurus Metals Limited ( (AU:CTM) ) has shared an update.
Centaurus Metals Limited has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to subscribe for up to $30,000 of new fully paid ordinary shares. The SPP aims to raise $3 million, with proceeds intended to advance the development of the company’s flagship Nickel Sulphide Project in Brazil, support strategic partnerships, and meet general working capital requirements. The SPP shares are offered at a 20% discount to the last traded price, and participants will receive one free unlisted option for every two shares subscribed. The company has also secured commitments to raise $20 million through a private placement.
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 primarily on the development of nickel and copper projects. The company is particularly active in northern Brazil, where it is advancing its flagship Nickel Sulphide 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.