Centaurus gets $190m in funding for Jaguar project

Centaurus Metals has secured a missive of intent (LoI) from Banco Nacional de Desenvolvimento Econômico e Social (BNDES) indicating imaginable indebtedness backing of $1bn reais ($190m) for its Jaguar Nickel Project.

The project, situated successful the Carajás Mineral Province successful Pará, Brazil, is acceptable to proceed done BNDES' further recognition investigation and last support stages.

This improvement is accordant with BNDES' strategical absorption connected enhancing captious minerals accumulation wrong Brazil.

The Jaguar task comprises respective nickel sulphide deposits and exploration targets dispersed crossed a 30km² onshore area.

The non-binding LoI indicates that BNDES plans to backmost the Jaguar project's improvement via its Financiamento a Empreendimentos (FINEM) semipermanent financing facility, contingent upon the completion of the accustomed recognition support protocols.

FINEM serves arsenic the superior semipermanent financing mechanics for important projects successful Brazil.

It aims to enactment capital-intensive initiatives crossed assorted sectors specified arsenic mining, energy, infrastructure and concern processing.

Centaurus formally applied for backing with BNDES successful September 2025, and the task is acceptable to proceed done elaborate evaluations including technical, financial, legal, biology and recognition assessments earlier BNDES' committee considers last approval.

It intends to support its engagement with BNDES arsenic good arsenic research different imaginable lenders and strategical partners to find the champion backing statement for the Jaguar project.

Furthermore, the LoI does not warrant financing from BNDES.

Any imaginable backing volition beryllium connected palmy owed diligence, recognition approvals, dialog of last agreements and gathering each required conditions.

Centaurus managing manager Darren Gordon said: “These LoIs tin lone beryllium issued aft important investigation of the applicable task has been undertaken. We convey BNDES for the important enactment they person carried retired connected the Jaguar task implicit the past six months and successful assessing the task for inclusion successful its superior semipermanent FINEM backing programme.

“Their enactment done this LoI highlights the strategical value of the Jaguar task arsenic a aboriginal supplier of responsibly produced nickel for the planetary vigor transition.”

Prior to this, Centaurus signed a binding offtake statement with Glencore for the proviso of nickel ore from the Jaguar project.

"Centaurus gets $190m successful backing for Jaguar project" was primitively created and published by Mining Technology, a GlobalData owned brand.

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