https://www.miningweekly.com
Energy|Mining|PROJECT|Resources
Energy|Mining|PROJECT|Resources
energy|mining|project|resources

Aura announces A$10m raise

3rd May 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Dual-listed Aura Energy will raise A$10-million in a share placement to progress its Tiris uranium project, in Mauritania, towards development and to fund resource growth.

The company on Wednesday said it had received firm commitments for the placement of 54.05-million shares, at a price of 18.5c each, with the offer price representing a 17.8% discount to Aura’s last closing price and a 23.6% discount to the company’s five-day volume weighted average share price.

The placement will be done under Aura’s existing placement capacity, and will not require shareholder approval.

“This capital raising provides the required funding for Aura to continue our development planning works on the Tiris project ensuring that it is ready for development when the uranium market signals and to enable ongoing efforts to identify additional, higher grade, low-cost resources in the Tiris Zemmour region of Mauritania,” said Aura chairperson Philip Mitchell.

“Naturally, in Sweden, we will continue to support the government strategy as it systematically reviews the national energy policy and evaluates the requirements to retract the ban on uranium mining.”

In conjunction with the share placement, Aura will also undertake a share purchase plan (SPP) aimed at raising a further A$1-million. Some 5.4-million shares are up for issue, with shareholders able to subscribe for up to A$30 000 of additional shares in the company.

The SPP will open on May 17 and close on June 13.

Edited by Creamer Media Reporter

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 June 2024
Magazine round up | 21 June 2024
21st June 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.15 0.183s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: