
May 17, 2022
Oversubscribed $8m capital raising completed
US focused uranium and lithium explorer, Aurora Energy Metals Limited (Aurora or the Company) (ASX:1AE) is pleased to announce the successful completion of its public offer to raise $8,000,000 via the issue of 40,000,000 Ordinary shares at $0.20 per share (Public Offer).
- Aurora Energy Metals shares commence trading at 11.00am AEST today on ASX under the code 1AE
- Company successfully raised $8m in its IPO, at an indicative market cap of $28m
- The Company holds 100% of the Aurora Energy Metals Project in south-eastern Oregon, USA
- Project has a defined uranium resource and known lithium mineralisation
- Project located in the McDermitt Caldera, home to the USA’s two largest lithium deposits
Proceeds from the Public Offer will be used to fund exploration and development activities on the Company’s Aurora Energy Metals Project in south-eastern Oregon, USA. The program is aimed at growing the basement uranium mineral resource and progressing studies whilst also defining lithium mineral resources in the lakebed sediments surrounding and overlying the uranium resource.
The Company will commence trading today on the Australian Securities Exchange (ASX) at 11:00am AEST under the ticker 1AE.
Euroz Hartleys was Lead Manager to the capital raising.
Aurora’s Managing Director, Greg Cochran, commented:
“We are excited by the strong response that we had to the capital raising from both retail and institutional investors. We could not be happier with the performance of Euroz Hartleys in the process and the quality of the investors they introduced to the register.
“The Aurora Energy Metals Project offers investors two bites at the clean energy pie. We will look to grow the well-defined, shallow uranium resource hosted in the basement and conduct techno-economic studies, whilst following up the significant lakebed sediment-hosted lithium mineralisation that surrounds and overlies it.
“The McDermitt Caldera, which hosts our Aurora Energy Metals Project, is one of the most prospective lithium provinces in the USA. It is home to the two largest lithium resources in the USA and neighbouring peer companies have clearly demonstrated the region’s potential . We are looking forward to undertaking our planned work programs and keeping our shareholders updated on our progress.”
Figure 1: Location of Aurora Energy Metals Project in south-eastern Oregon, USA
Click here for the full ASX Release
This article includes content from [Company Name], 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.
From Your Site Articles
ASX:1AE

Sign up to get your FREE
Excalibur Metals Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
INN Article Notification
The Conversation (0)
28 April
Excalibur Metals
Precious metals discovery potential in underexplored Walker Lane of Western Nevada
Precious metals discovery potential in underexplored Walker Lane of Western Nevada Keep Reading...
27 September 2022
Aurora Energy Metals Project Update
Uranium and lithium-focused advanced explorer, Aurora Energy Metals Limited (Aurora or the Company) (ASX:1AE) is pleased to provide a detailed update of project activities relating to the Company’s 100%- owned Aurora Energy Metals Project. These activities have been taking place in Oregon and in... Keep Reading...
24 April
Top 5 Canadian Mining Stocks This Week: Arctic Fox Lithium Jumps 66 Percent
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released March consumer price index data on Monday (April 20). The data shows a... Keep Reading...
23 April
Bridging AI, Energy Storage and Aging Infrastructure
As global energy grids struggle to keep pace with rising demand from data centers and renewable integration, energy optimization firm GridBeyond is positioning software and artificial intelligence (AI) as a key part of the solution.The company develops platforms designed to orchestrate... Keep Reading...
22 April
9 Best-performing Global Lithium Stocks of 2026
Lithium prices have staged a dramatic comeback following a prolonged price slump between early 2023 and late 2025, providing support for global lithium stocks in 2026. Spot battery-grade lithium carbonate surged roughly 95 percent between early December and late January, climbing from about... Keep Reading...
21 April
Lithium Enters “Cycle 3.0” as Demand Drivers Shift
After a prolonged downturn, the lithium market is showing renewed signs of life, with some sector analysts now calling for the start of a new up-cycle.Speaking on The Investing News Podcast, Gerardo Del Real, co-founder of Digest Publishing and editor of Daily Profit Cycle, characterized the... Keep Reading...
16 April
Top 5 Canadian Lithium Stocks in 2026
Lithium prices have staged a sharp rebound, nearly doubling between early December and late January as tightening supply and renewed market optimism fueled a rapid rally. Spot battery-grade lithium carbonate climbed about 95 percent over the period, supported by disruptions at key operations,... Keep Reading...
16 April
Trials to Further Validate PFS Process Design
CleanTech Lithium PLC (AIM: CTL, Frankfurt: T2N), an exploration and development company advancing sustainable lithium projects in Chile, announces an update on two trials being undertaken in North America and in Santiago, Chile, to produce battery grade lithium carbonate from the Laguna Verde... Keep Reading...
Latest News

Sign up to get your FREE
Excalibur Metals Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







