29 May 2024
Aura Energy Limited("Aura" or the "Company")
Issue of Equity |
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") advises that an Appendix 2A (Application for quotation of securities) has been filed with the Australian Securities Exchange ("ASX") and is available on the Company's website: https://auraenergy.com.au/investor-centre/asx-announcements/
The Company has issued ordinary shares at an exercise price of A$0.052 each arising from the exercise of unlisted and listed options ("New Shares").
Application will be made for 384,616 and 1,696,112 New Shares respectively to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 5 June 2024.
Total Voting Rights
Following the issue of the combined 2,080,728 New Shares, the total issued share capital of the Company will consist of 754,679,711 ordinary shares of no par value each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 754,679,711 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For Further Information, please contact:
| Andrew Grove Managing Director and CEO Aura Energy Limited
| Paul Ryan Morrow Sadali Investor & Media Relations +61 409 296 511 | SP Angel Corporate Finance LLP (Nominated Advisor and Broker) David Hignell Kasia Brzozowska Grant Barker +44 (0) 203 470 0470 | |||||||||
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| About Aura Energy (ASX:AEE, AIM:AURA) |
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| | Aura Energy is an Australian-based mineral company with major uranium and polymetallic projects in Africa and Europe. The Company is focused on developing a uranium mine at the Tiris Uranium Project, a major greenfield uranium discovery in Mauritania. The February 2024 FEED study demonstrated Tiris to be a near-term low-cost 2Mlbs U3O8 p.a near term uranium mine with a 17-year mine life with excellent economics and optionality to expand to accommodate future resource growth. Aura plans to transition from a uranium explorer to a uranium producer to capitalise on the rapidly growing demand for nuclear power as the world shifts towards a decarbonised energy sector. Beyond the Tiris Project, Aura owns 100% of the Häggån Project in Sweden. Häggån contains a global-scale 2.5Bt vanadium, sulphate of potash ("SOP") and uranium resource. Utilising only 3% of the resource, a 2023 Scoping Study outlined a 27-year mine life based on mining 3.5Mtpa.
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