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CTM — Centaurus Metals News Story

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Brief: Centaurus Metals Enters Strategic Offtake Deal

BRIEF-Centaurus Metals Enters Strategic Offtake Deal

- Centaurus Metals Ltd CTM.AX:

  • STRATEGIC OFFTAKE & US$40M INVESTMENT FROM GLENCORE & CNGR

  • EXECUTES BINDING OFFTAKE AGREEMENT WITH GLENCORE FOR JAGUAR NICKEL PROJECT

  • EXECUTES INITIAL BINDING OFFTAKE AGREEMENT WITH A UNIT OF CNGR FOR JAGUAR NICKEL PROJECT

  • CNGR AND GLENCORE TO PURCHASE ADDITIONAL VOLUME ABOVE CONTRACTED NICKEL CONCENTRATE

  • EACH AGREEMENT COVERS 100,000 DRY METRIC TONNES OF NICKEL CONCENTRATE OVER 5 YEARS

  • GLENCORE AND CNGR TO EACH INVEST US$20 MILLION IN CENTAURUS FOR JAGUAR PROJECT

Further company coverage: CTM.AX


((Reuters.Briefs@thomsonreuters.com;))

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