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Centaurus Metals Receives Non-Binding Offers of Up to $320 Million to Finance Brazil Nickel Development

-- Centaurus Metals (ASX:CTM) received multiple proposals of over $250 million to fund the development of its Jaguar Nickel Sulphide Project in northern Brazil, including non-binding offers for up to $320 million, according to a Monday filing with the Australian bourse.

The company received the interest after soliciting proposals from a group of international financiers, including the Brazilian National Development Bank from which it received a letter of intent, per the filing.

Centaurus Metals is in the process short-listing preferred financiers ahead of planned site visits and due diligence. The company said it plans to name a preferred financier or syndicate in the third quarter to coincide with a final investment decision on the project.

Centaurus shares gained nearly 1% in recent Monday trading.

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