Aura Energy Ltd - Australia-based minerals company - Continues to progress its asset base where possible, despite being constrained in activity due to ongoing shareholder activism which is undermining equity raising to continue work programmes. In addition, the company says Covid-19 has also restricted access to its projects. The main activity during the third quarter of 2020 revolved around a corporate transaction for the gold assets to list these assets in Toronto. Aura says it continued discussions with US utilities for additional long-term uranium sale contracts to support the export credit Agency financing process, however, the weakening of the uranium price in the quarter has impacted discussions.
Current stock price: 0.31 pence
Year-to-date change: up 25%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Aura Egy (AURA)