Aura Energy

Aura Successfully Completes A$10 Million Placement To Support Its Project Readiness And Growth Strategy

Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to announce that it has received firm commitments to raise A$10 million via the placement of approximately 54.05 million new fully paid ordinary shares (“New Shares”) at an offer price of A$0.185 per New Share (“Placement”).


KEY POINTS:

 
  • Aura raises A$10 million with support from worldwide investors
  • Placement received support from new and existing shareholders
  • Company to offer eligible existing shareholders the opportunity to participate in a Share Purchase Plan to raise a further A$1 million
  • Proceeds will be used to advance development across Aura’s project portfolio including:
    • Progress the Tiris Project in Mauritania to development – ready to meet forecast uranium market strengthening
    • Target the growth in resources in the Tiris Zemmour province of Mauritania
    • Support the Swedish government’s strategy to create energy independence
 

The Placement was supported by existing shareholders investors including Lind Partners and a number of new investors. The Company is also particularly pleased to introduce several new international investors to the register.

Aura Chair Philip Mitchell said,

“This capital raising provides the required funding for Aura to continue our development planning works on the Tiris Project ensuring that it is ready for development when the uranium market signals and to enable ongoing efforts to identify additional, higher grade, low-cost resources in the Tiris Zemmour region of Mauritania.

“Naturally, in Sweden, we will continue to support the Government strategy as it systematically reviews the national energy policy and evaluates the requirements to retract the ban on uranium mining.”

The Company continues to look for opportunities to grow its resource base within the Tiris Zemmour region and to enhance the value of the Tiris Project to Mauritania and Aura shareholders. Aura is progressing the development of the Tiris Project, with the imminent submission of a permit application for the export of uranium from Mauritania. A decision by the Mauritanian Government with respect to this submission is expected towards the end of 2023.

Aura also continues to support the Swedish Government’s strategy to create energy independence and the methodical approach it is taking to rescind the current ban on uranium mining. In parallel, Aura is undertaking studies required for the submission of an exploitation permit for the Häggån Project. The funds from the Placement will allow this work to be continued. Aura’s Managing Director Dave Woodall will be in Sweden in late May to hold discussions on the project with key government officials.


Click here for the full ASX Release

This article includes content from Aura Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AEE:AU
The Conversation (0)
Terra Clean Energy President and CEO Greg Cameron.

Terra Clean Energy Ramps Up Summer Drilling Plans, Eyes Resource Update

Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FWB:C9O0) President and CEO Greg Cameron outlines the company's upcoming summer drill program at the South Falcon East uranium project, building on strong results from a winter campaign at the Fraser Lakes B deposit.

“The plan is to get up to 2,500 meters back into this new area of interest. Hopefully drill into what we're defining as an unconformity basement-hosted uranium deposit with significantly higher grade than we currently have,” he said.

“We would have the ability to update that resource report in some fashion, maybe early 2026 or mid-2026, so those are the two key catalysts. But it's all about drilling and adding pounds to the current resource and, more importantly, significantly enhancing that grade which we think we have," Cameron added.

Keep reading...Show less
Placement Shares Issued & Drilling Approval Expected August

Placement Shares Issued & Drilling Approval Expected August

GTI Energy (GTR:AU) has announced Placement Shares Issued & Drilling Approval Expected August

Download the PDF here.

Yellow uranium rock on dark stones with ASX logo in the corner.

Top 3 ASX Uranium Stocks of 2025

Uranium broke out in 2024, with the spot price rising to a 17 year high of US$106 per pound early in the year. Despite a pullback to about US$78, uranium is still more than 40 percent higher than it was two years ago.

Although the market is dealing with ample supply and uncertain demand in 2025, experts are predicting a bright future as countries around the world pursue energy security goals.

Against that backdrop, ASX-listed uranium companies have been making moves in 2025.

Keep reading...Show less
North Shore Uranium (TSXV:NSU)

North Shore Uranium Engages Investing News Network

North Shore Uranium Ltd. (TSX-V:NSU) ("North Shore" or the "Company") is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "INN Agreement") with Dig Media Inc. dba Investing News Network ("INN").

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. On July 4, 2025, the Company entered into the INN Agreement. The INN Agreement will be for a three-month term, with three equal payments of $2,750 that will be paid at the beginning of each month, totaling $8,250 (GST excluded). The INN Agreement will not automatically renew. INN will provide advertising to increase awareness of the Company with the first campaign commenced on July 4, 2025. INN does not provide Investor Relations or Market Making services. INN currently holds no common shares in the Company. INN and the Company are unrelated and unaffiliated entities.

Keep reading...Show less

Latest Press Releases

Related News

×