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Share Price Information for Aura Egy (AURA)

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Share Price: 8.50
Bid: 8.00
Ask: 9.00
Change: -0.75 (-8.11%)
Spread: 1.00 (12.50%)
Open: 9.25
High: 9.25
Low: 8.50
Prev. Close: 9.25
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Aura Energy successfully lists on AIM

Mon, 12th Sep 2016 10:39

(ShareCast News) - Aura Energy advised on Monday that it has successfully gained admission to the London Stock Exchange AIM market.The ASX and now AIM-traded firm is a uranium development company with gold, soda ash and lithium exploration projects in Africa and Europe.As part of the AIM listing the company has raised £2.24m before expenses by way of a placing of 196,883,849 new ordinary shares at £0.0114 per share giving it a market capitalisation of £7.45m on admission.In conjunction with the AIM placement, Aura confirmed it has executed subscription agreements with "sophisticated" Australian investors, to raise a further £0.467m at £0.012 per share.It said it anticipated the Australian subscriptions will be completed on or around 16 September, with the company confident of this completion although it could not be guaranteed."This is an outstanding outcome for Aura Energy and we have always believed that, given our European and African focus, dual listing on AIM was both an attractive option for Aura and a natural marketplace for us," said executive chairman Peter Reeve."This is a transformational period for Aura, and as only the second quoted uranium company on AIM, we believe the company will generate significant traction for our shareholders as we progress our strategy of phased development and low capital cost projects to allow early cash flow generation particularly from the Tiris Uranium Project."Reeve said the success of the dual listing process is a "vindication" of Aura's uranium assets in Mauritania and Sweden and its gold, soda ash and lithium tenements in Mauritania."This package of development and exploration assets has gained broad market appeal with investors and has been the subject of a full technical review by an independent competent person."In addition Aura received exceptionally strong support from existing and new shareholders for its recent Mauritanian gold transaction where it has secured a vast underexplored tract of greenstone belt just south of the 21 million ounce Tasiast Gold Mine owned by Kinross Gold Corporation."Reeve commented that the separate application for lithium and soda ash permits in Mauritania was also well received."We believe this now well-funded phase positions Aura ideally over the coming years as we build ourselves into a leading uranium developer, advancing our projects towards high-margin, profitable production in the near to medium term."We believe there is a substantial uranium market opportunity ahead of us as there has been little new investment into the uranium sector, despite the world's energy needs growing exponentially," he explained."We believe the resultant supply deficit in nuclear energy will be significant. Nuclear power is a growing industry as it is low-carbon, reliable and long-lasting energy supply and acts as base load capacity."There are currently an increasing number of nuclear reactors being built and coming back on line globally, China, for example, is expected to double its nuclear generation capability by 2020."Reeve said the company expects substantial increases in pricing by the end of the decade to coincide with the first production from Tiris.
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5 Jan 2024 13:55

Aura Energy launches exploration drilling at Tiris Uranium Project

(Sharecast News) - Aura Energy announced the launch of a substantial exploration drilling initiative at its Tiris Uranium Project in Mauritania on Friday.

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5 Jan 2024 10:53

Aura Energy begins further exploration of Tiris uranium project

(Alliance News) - Aura Energy PLC on Friday said that extensional drilling has begun at its Tiris uranium project in Mauritania, with further expansion of the project planned throughout the year.

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29 Nov 2023 18:07

TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News:

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22 Nov 2023 15:53

UK shareholder meetings calendar - next 7 days

Thursday 23 November 
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Bradda Head Lithium LtdAGM
DX Group PLCAGM
Europa Oil & Gas Holdings PLCAGM
Fiske PLCAGM
JPMorgan UK Smaller Cos Investment Trust PLCAGM
Hotel Chocolat Group PLCAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Rosslyn Data Technologies PLCAGM
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Cloudbreak Discovery PLCAGM
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Sylvania Platinum LtdAGM
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JPMorgan Global Emerging Markets Income Trust PLCAGM
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London Finance & Investment Group PLCAGM
Nanoco Group PLCAGM
Oakley Capital Investments LtdAGM
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Artemis Resources LtdAGM
Aura Energy LtdAGM
Contango Holdings PLCAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Ikigai Ventures LtdAGM
Panthera Resources PLCAGM
Reconstruction Capital II LtdAGM
Renishaw PLCAGM
RiverFort Global Opportunities PLCAGM
Sabien Technology Group PLCAGM
Scancell Holdings PLCAGM
Seeing Machines LtdAGM
SLF Realisation Fund LtdAGM
Target Healthcare REIT PLCAGM
Thor Energy PLCAGM
Transense Technologies PLCAGM
Vast Resources PLCAGM
  
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30 Oct 2023 14:43

TRADING UPDATES: Bioventix hails "technical progress" as profit rises

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday, and not separately reported by Alliance News:

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17 Oct 2023 18:34

IN BRIEF: Aura Energy looks to significantly expand Tiris Project

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - Reports it has acquired additional radiometric survey data, reviewed historical drilling results, and identified strong indications of mineralisation extensions on Aura's existing tenements that could significantly expand Aura's current Tiris Project resource. Signs contracts for an exploration programme of 15,500 metre air core drilling over 78.1 kilometres squared on existing tenements, aiming to significantly increase the inferred mineral resource at the project by extending the existing resources. The mobilisation of the drilling contractor will commence on October 16, company says. Stresses there has been insufficient exploration of these targets to estimate a mineral resource, and it is uncertain whether this exploration effort will result in an estimation of a mineral resource.

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5 Sep 2023 19:41

TRADING UPDATES: Molecular Energy proposes Argentinian disposal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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9 Jun 2023 20:12

TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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3 May 2023 15:49

Aura Energy raises AUD10 million to develop project portfolio

(Alliance News) - Aura Energy Ltd on Wednesday said it has raised AUD10 million, about GBP5.3 million, through a placing of 54.1 million new shares at an offer price of AUD0.185 per share.

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2 May 2023 17:29

TRADING UPDATES: Tlou receives loan to help fund Botswana operations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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28 Apr 2023 21:31

IN BRIEF: Aura Energy notes Tiris project production forecast increase

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - In the first quarter of 2023, says its enhanced definitive feasibility study confirms robust financial returns based on a 150% increase in annual production and near-term production potential of the Tiris uranium project in Mauritania. Substantially improved EFS based on a 52% increase in measured and indicated resources at Tiris. Says it continues to progress with the export permit for the uranium, with the final transport and shipping protocols in the final stages of preparation to allow the permit to be submitted during the next quarter. Say it continues to support the Swedish government's strategy to rescind the present ban on uranium mining and continues to progress with the work for the delivery of the exploitation permit for the Haggan project that supports the independence of Sweden's future energy supply. Says it is still adequately funded for key programs aimed at supporting a final investment decision in the fourth quarter of 2023.

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3 Apr 2023 12:00

Aura Energy notes rejection of bid to lift Swedish uranium mining ban

(Alliance News) - Aura Energy Ltd on Monday noted that the Swedish government has rejected a motion to lift its ban on uranium mining in Sweden.

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31 Mar 2023 12:48

IN BRIEF: Aura Energy drops 17% in London as Sydney shares suspended

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - Shares on the Australian Securities Exchange have been suspended from trading immediately, pending a "further" announcement. Aura expects trading in its shares to resume in Sydney when the expected announcement is made, or upon market open on Tuesday next week. Aura shares will continue to trade as normal on AIM in London.

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29 Mar 2023 14:35

TRADING UPDATES: AFC Energy delivers fuel cell; Kistos hails Benriach

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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29 Mar 2023 14:30

Aura Energy upbeat on enhanced study at Tiris

(Sharecast News) - Aura Energy released an enhanced definitive feasibility study on Wednesday, which confirmed the robust financial returns and near-term production potential of its Tiris Uranium Project.

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