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Cautiously optimistic that Sweden will change its mind and policies ref uranium mining.
Sweden news.....meh!
In a word....Yes.
Unless I have read the previous RNSs wrongly (and I might) a couple of funds have bought into this company in the last two weeks. Prior to buying into AURA they should have carried out due diligence and Sweden would have been one area they looked at. The suspension on ASX seems over the top for a mining permit in Sweden to have been turned down for a second time? Hopefully on 04 April all will become clear!.
Does seem strange calling a trading halt on the ASX when in reality the Sweden news hasn't really changed anything, as you say - could there be another reason?
anyone thinking a merger deal to be announced when they resume ASX ?
It's a bit of a kick in the teeth taking a - 19% hit on this today but John Bennett at Pre-emptive isn't perturbed
https://twitter.com/preempt1/status/1641729154881318914?s=20
I don't have a link but you can view the chat on the hotcopper board for the details
My bad! Could not see it in investor centre. Any chance you might post link please? I assume Swedish Gov said no?
Sweden news. Out yesterday afternoon.
Good News....a bid.
Bad News....run out of money, accounting irregularities?
Good news but we now need the Gov Mining Permit$ to proceed and that might be difficult..... as it always is in Africa. Kerching!
Another institution buying an 11% chunk of the company!
Good news, funds now own over 12% of the company. Institutional investors are a very good sign imo.
More dilution as new shares issued.
"Aura's Tiris Project differs from other near-term projects in that the carnotite is mostly ultrafine, micron scale in grain size enabling the separation of the uranium without crushing and grinding as demonstrated in the 2019 DFS1. In the DFS1 production averaged 800,000 lbs U3O8 per year with a capital cost of USD 74.8 million and C1 costs of USD 25.43/lb U3O8. Aura is confident that our existing fast-to-market development strategy will be accentuated in the updated DFS as a result of the economies of scale on the capital and operating costs using a modular expansion of the Tiris Project."
Very good news.....but a long way to go to get into production.
On the basis of the RNS put in a fill or kill to buy more via HL.
Mac Bank now owns 11% of AURA.
Swedish government fully behind reopening uranium mining
Comments on such in the weekends Dagens Nyheter or might have been the Dagbladet, either way there is support and a vote is due next month
Good d.monies! That should lift the sp a bit.
See latest ASX release, all looks good to me, can't see the Mauritanian government denying themselves/Aura all the licences.
No mention of progress with regards the granting of mining and production permits by the government.
Both in Sweden and Mauretania our fortunes rely in the hands of government granting permits and permissions.
The advanced Tiris uranium project in Mauritania is one of the better development projects in the uranium space at the moment.
However Haggan’s vanadium, uranium and battery metal potential is not priced in at all.
From recent reports:
“Aura also has a huge 15.1 billion pound vanadium resource at its polymetallic Häggån project in Sweden.
Häggån contains a high-grade vanadium zone, of 124Mt at 0.43% V2O5 for 1.1 billion pounds.
The project also contains sulphate of potash, plus nickel, molybdenum and zinc credits - and 800Mlb U3O8, which could have been seen as problematic given Sweden's ban on uranium mining.
However Aura intends to develop Häggån as a vanadium and battery metals hub.
"We'll continue to work with the Swedish government around the uranium mining ban just to give the optionality," Goodall said.
"But we want to move the project forward as a vanadium project, and we're working on a scoping study at the moment.
"If Sweden then decides to roll-back the uranium mining ban, that wouldn't necessarily trigger us to put uranium back in the project, that decision will be driven by the community.
"As it stands, it could produce a reasonably significant proportion of Sweden's domestic requirements for uranium, so there are some real positives from an energy security point of view. More importantly, the production of vanadium pentoxide in the European market could be a real positive for energy security, through use in vanadium redox flow batteries.
"But Häggån will be a battery metals hub, essentially, rather than just a mine … to make sure that it's fully supporting the green industrialisation strategies that Sweden has."