Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to advise that the Company’s Share Purchase Plan (“SPP”) announced on 3 May 2023 raised $670,495.
The total raised between the SPP, and the placement announced on 3 May 2023 is $10.7 million. A total of 3,624,271 ordinary shares will be issued today to SPP participants pursuant to ASX Listing Rule 7.2 Exception 5.
Aura Managing Director and CEO, David Woodall thanked Shareholders who participated in the SPP which will support the continued growth of the Company.
“The successful completion of the capital raise and SPP puts Aura in a great position to deliver on our strategy. Our target is to be development ready with the completion of the Front-End- Engineering Design (FEED), the receipt of the uranium export permit, additional offtake agreements and the progression of financing in 2023 to maximise value to our shareholders. This timeline is aligned with the continual improvement of the uranium market, with spot prices recently passing US$57 per pound U3O8.”
“Our strategy remains focused on continuing to develop our flagship Tiris Project in Mauritania to meet this rising demand and corresponding rising price for uranium. We believe this demand is sustainable and necessary to meet global decarbonisation targets.”
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Figure 1. Location Oasis project
Figure 2. Simplified Regional Geology