Key Highlights

  • Centaurus Metals shares were up 10.29% at $0.375 during the 22 October 2026 trading session, as at 11:55 am.
  • Glencore confirmed in an announcement dated 12 October 2026 that its binding offtake agreement for the Jaguar Nickel Project remains effective.
  • The company said negotiations on additional offtake and strategic funding are at an advanced stage, and senior Debt Financing is well advanced.

Centaurus Metals Limited (ASX:CTM) shares were up 10.29% at $0.375 during the Trading session on 22 October 2026, based on data at 11:55 am. In the broader market at the time of the data, the S&P/ASX 200 stood at 8,774.90, down 0.64% (56.40 points), while the All Ordinaries stood at 8,897.80, down 0.66%. Centaurus is an ASX-listed company, also quoted on the OTCQX market, that is developing the Jaguar Nickel Project and is working to assemble a funding package for the project.

About the Company

Centaurus Metals Limited is listed on the Australian Securities Exchange under the code CTM and on the OTCQX market in the United States under the code CTTZF. Its Australian office is located at Level 2, 23 Ventnor Avenue, West Perth, Western Australia.

The group also operates through Brazilian entities, Centaurus Niquel Ltda and Centaurus Brasil Mineração Ltda, with a Brazilian office in Belo Horizonte, in the state of Minas Gerais. Managing Director Darren Gordon approved the company's most recent announcement for release, and Investor relations enquiries are handled from the West Perth office.

Business Overview

Centaurus' principal asset, as referred to in its latest announcement, is the Jaguar Nickel Project. The company is in the development phase for the project and is working towards a Final Investment Decision, which it links to completing an overarching funding package.

That funding package has several parts. These include a binding offtake agreement with Glencore, additional offtake and strategic funding that is the subject of negotiations and final documentation, and senior debt financing. The company describes these workstreams as the final components of the Jaguar funding strategy and refers to momentum towards establishing a comprehensive financing package.

Glencore Offtake Confirmation

In its announcement dated 12 October 2026, Centaurus confirmed that its offtake agreement with Glencore, first announced to the ASX on 16 March 2026, remains binding and effective. Glencore has been kept up to date on progress with the Jaguar Project development and has confirmed its intention to maintain the agreement on the previously announced terms.

The company described Glencore's confirmation as providing certainty around a key component of the Jaguar development and funding strategy while the remaining elements of the financing package are advanced.

Funding Workstreams Under Negotiation

The 12 October 2026 announcement also referred back to an update dated 2 October 2026, in which Centaurus stated that it was at an advanced stage of negotiations and final documentation on additional offtake and strategic funding for the Jaguar Nickel Project.

The senior debt financing process was described as now well advanced. Centaurus said the combination of workstreams gives it a forward pathway as it works to complete a funding package capable of supporting a Final Investment Decision and the subsequent development of the project. The company expects to provide further updates on these funding initiatives in the near term.

Related Sector Context

Nickel is a metal used across industrial applications, and nickel developers commonly rely on a mix of offtake arrangements, strategic partners and debt to finance construction. Arrangements of that kind are typically documented in stages, with commercial terms settled before a project reaches a Final Investment Decision. On the day of the data, the S&P/ASX 200 was down 0.64% and the All Ordinaries down 0.66% at 11:55 am, while Centaurus shares were up 10.29%.

Risks to Weigh In

The announcement describes negotiations that have not yet been completed. Additional offtake and strategic funding remain subject to final documentation, and the senior debt process is described as well advanced rather than finalised. There is no stated guarantee that these workstreams will result in executed agreements on the terms currently being discussed.

A Final Investment Decision has not been taken, and the company has not set out the size of the overall funding package in the announcement. The announcement also does not give a timetable for completing the package. Project development timing therefore depends on the outcome of the funding process, and the Glencore agreement is one component rather than the full financing, and the offtake confirmation does not itself resolve the remaining workstreams.

Catalysts on Watch

Centaurus stated that it expects to provide further updates on its funding initiatives in the near term. Items that could be disclosed include the outcome of negotiations and final documentation on additional offtake and strategic funding, progress on the senior debt financing, and any steps towards a Final Investment Decision on the Jaguar Nickel Project. No specific dates were given for these events, and the phrase near term is not defined in the announcement.

Putting It Together

Centaurus shares were up 10.29% at $0.375 during the 22 October 2026 session while both benchmark indices were lower. The company's latest reported information centres on a confirmed Glencore offtake and funding workstreams still being finalised.