Aldebaran Resources has completed its statutory plan of arrangement, spinning off its subsidiary Centauri Minerals into a standalone public company holding a 100% interest in a portfolio of exploration projects spanning approximately 40,000 hectares across the Argentine provinces of Salta, Jujuy, and Catamarca.

Under the completed arrangement, eligible Aldebaran shareholders received one new common share of Aldebaran and 0.10 of a Centauri share for each common share held at the close of business on August 26, 2026. Trading of Centauri Minerals Inc. shares is expected to resume on the TSX Venture Exchange on Monday, August 31, 2026.

Prior to closing the spin-out, Centauri completed a private placement of subscription receipts generating gross proceeds of $25,486,000, which converted into Centauri shares upon the transaction's completion. The company previously raised C$5.7 million in a seed financing round in October 2025 to fund initial exploration programs and administrative preparations.

Following the transaction, Centauri has 76,866,001 common shares issued and outstanding. Aldebaran retains 21,455,943 shares, representing approximately 27.9% of the new entity, while distributed shares to shareholders account for 18,544,058 shares, or roughly 24.1%. Former holders of subscription receipts hold 33.2%, and initial seed investors hold 14.8%. An additional 5,010,000 shares remain issuable under share purchase options alongside 2,000,000 performance warrants.

The newly formed vehicle houses properties that were placed on hold for several years while Aldebaran concentrated its resources and capital on advancing its flagship Altar copper-gold project in San Juan Province. The company's most advanced asset within the portfolio is the Rio Grande gold-copper project in Salta, which serves as Centauri's qualifying property and features an independent mineral resource estimate filed on SEDAR+. Centauri Minerals planned a drill program for the Rio Grande project for later in 2026.

Read the full announcement: Aldebaran Resources and Centauri Minerals Announce Completion of Spin-Out Transactions