Centurion Minerals signs LOI to buy 80% of Brothers Gold Project in Suriname
Reuters2026/08/24 18:32- Centurion Minerals signed an Aug. 19, 2026 LOI to option an 80% interest in the 9,600-hectare Brothers Gold Project, Suriname.
- Consideration includes staged cash of US$6.75 million over five years, including US$200,000 at closing.
- Mega Bond would also receive US$2 million in Centurion common shares over four years, capped at 19.9% ownership.
- Centurion would fund US$18 million of project expenditures over five years.
- Concession owners retain a 2% NSR royalty, buyable by Centurion for a one-time US$5 million payment.
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