Last checked at 29 Jun 2022 11:07
29 June 2022
Holding(s) in Company
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company focused on the development of the 85% owned Tiris Uranium Project, Mauritania, has received notification that MM Asset Management Inc now holds 25,712,444 ordinary shares of no par value ("Ordinary Shares"), representing 5.1 per cent. of the Company's issued share capital and voting rights.
The Company has also been notified that the Australian Special Opportunity Fund, Lind Global Macro Fund LP and the Lind Partners LLC (together "Lind") now hold 70,510,631 Ordinary Shares, representing 14.0 per cent. of the Company's issued share capital and voting rights.
For Further Information, please contact:
Will Goodall Acting CEO Aura Energy Limited info@auraenergy.com.au
| Jane Morgan JMM Investor & Media Relations info@janemorganmanagement.com.au +61 405 555 618
|
SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) David Hignell Kasia Brzozowska +44 (0) 203 470 0470
| WH Ireland Limited (Joint Broker) Jessica Cave Andrew de Andrade +44 (0) 207 220 1666
|
About Aura Energy (ASX:AEE, AIM:AURA)
Aura Energy is an Australian based minerals company that has major uranium and polymetallic projects with large resources in Africa and Europe.
The Company is focused on uranium production the Tiris Project, an evolving major greenfields uranium discovery in Mauritania, with Aura announcing a Resource Upgrade in August 2021 of 10% or 5.0 million lb U3O8 bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U3O8 lower cut-off grade).
Aura also completed a capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, with these 2021 figures reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects.
In October 2021, the Company entered a US$10m Offtake Financing Agreement with Curzon, which includes an additional up to US$10m facility, bringing the maximum available under the agreement to US$20m.
In 2022, Aura will continue to transition from a uranium explorer to uranium producer, to capitalise on the growing appetite for nuclear power as a critical, baseload, near-zero-carbon energy source to help drive the global shift towards decarbonising energy generation.