08:20 AM EDT, 10/24/2025 (MT Newswires) -- Aldebaran Resources ( ADBRF ) announced Friday the official launch of Centauri Minerals, the previously announced new Aldebaran spin-out company formed to initially focus on exploration in Northern Argentina.

The company and Centauri also completed a private seed financing round of $5.7 million to execute exploration programs and administrative preparations for an initial public offering or go-public transaction in 2026. Aldebaran intends to distribute its shares of Centauri to Aldebaran shareholders upon a go-public event for Centauri.

"I am also pleased to welcome Altius Minerals as an investor in Centauri, a renowned investment group with a +25-year record of supporting successful new exploration ventures," said Centauri chief executive Sam Leung.

Shares of the company closed up 8.6% to $3.42 on Thursday on the TSX Venture Exchange.