REG - Aura Energy Limited - A$20 million Placement

Aura EnergyAnnouncement

02/02/2026 08:30

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RNS Number : 2911R  Aura Energy Limited  02 February 2026

 

 

                                                                                                                                     2 February 2026
Aura Energy Successfully Raises

A$20 million via Placement

Not for release to US wire services or distribution in the United States

HIGHLIGHTS

§ Firm commitments received for successful A$20 million placement

§ Strong backing for placement from Australian and global institutional and
sophisticated investors

§ Funds will be used for Tiris Uranium Project ('Tiris') development, FID
readiness, exploration, resource definition and working capital

 

 

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is pleased
to announce it has received firm commitments for gross proceeds of A$20
million placement ('Placement') through the issue of approximately 97.6
million fully paid ordinary shares ('Placement Shares') at an issue price of
A$0.205 per share ("Placement Price"). The Placement was strongly supported by
Australian and global institutional and sophisticated investors with demand in
excess of funds sought.

Funds raised from the Placement will be applied to progressing the
developmental activities at the Company's Tiris Uranium Project, FID
readiness, exploration, resource definition and for general working capital
purposes.

Aura Energy Executive Chair Philip Mitchell commented:

"We are delighted with the strong support for the Placement and welcome a
number of highly credentialled Australian and offshore institutional investors
to the register. On behalf of the Board, I would also like to thank our
existing shareholders for their ongoing support.

It is an exciting time to have exposure to the uranium market. Uranium was
added back to the Critical Minerals List by the U.S. Geological Survey in
November, the US Government and Westinghouse Electric's owners have agreed to
build at least US$80 billion worth of nuclear reactors and growth in
artificial intelligence data centres has driven an increase in U.S. power
demand for the first time in two decades.

The Placement also comes at an exciting juncture in the Company's history,
with the recently announced Häggån transaction. The intended transaction
allows Häggån to be developed through a separate vehicle, intended to be
listed on TSX, with Aura maintaining material exposure through a 78.7%
investment. This is strengthened by Sweden's recent legislative changes
allowing the mining of uranium reflecting how European economies are
positioning nuclear as core to their clean-energy future and global demand
driving uranium prices to a two year high this week, to over $US100 a pound.

The Company will direct the proceeds from this Placement to the development of
Tiris in Mauritania as we work through optimizing the flow-sheet, targeting
FID in Q3 2026. We look forward to putting investors' funds to work and
continuing to update the market with further progress."

 

Placement summary

The Placement Price represents a 14.6% discount to the last closing price on
ASX and a 6.2% discount to the five-day volume weighted average trading price
on ASX to 29 January 2026.

The Placement Shares will, upon their issue, each rank equally with existing
fully paid ordinary shares of no-par value in Aura ('Ordinary Shares'). A
total of 97,560,976 Placement Shares will be issued under the Placement,
88,996,493 without shareholder approval in accordance with ASX Listing Rule
7.1A and 8,564,483 without shareholder approval in accordance with ASX Listing
Rule 7.1.

The Placement Shares are expected to settle on 9 February 2026 and be issued
on or around 10 February 2026. The Placement was not underwritten.

Admission to trading on AIM

Application will be made for the 97,560,976 Placement Shares to be admitted to trading on AIM ('Admission') and is expected that admission will become effective on or around 10 February 2026.

Total Voting Rights

Following the Admission, the total issued share capital of the Company will
consist of 1,017,440,437 Ordinary Shares. The Company does not hold any shares
in Treasury. Therefore, the total current voting rights in the Company
following Admission will be 1,017,440,437 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.

Ends

Not an offer in the United States:

This announcement has been prepared for publication in Australia and may not
be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold
in the United States except in transactions exempt from, or not subject to,
the registration requirements of the US Securities Act and applicable US state
securities laws.

Authorisation for release

This announcement is authorised for release by the Board of Aura Energy Ltd.

This announcement is intended to lift the trading halt that was placed over
the shares in the Company by ASX on 30 January 2026.

All dollar amounts are in Australian dollars unless otherwise indicated.

This Announcement contains inside information for the purposes of the UK
version of the market abuse regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR"). Upon the publication of this Announcement, the inside
information is now considered to be in the public domain.

For further information, please contact:

 Philip Mitchell        SP Angel Corporate Finance LLP

 Executive Chair        Nominated Adviser

 Aura Energy Limited    David Hignell

 pmitchell@auraee.com   Adam Cowl

 +44 755 227 2155       Devik Mehta

                        +44 203 470 0470

 Tamesis Partners LLP   GRACosway

 Broker                 Australian investors and media

 Charlie Bendon         Bill Frith

 Richard Greenfield     Bill.Frith@omc.com

 +44 203 882 2868       +61 405 144 807

Petra Capital Pty Limited acted as Sole Lead Manager and Sole Bookrunner to
the Placement.

About Aura Energy (ASX: AEE, AIM: AURA)
Aura Energy Limited (ASX:AEE, AIM:AURA) is an Australian-based company focused on the development of uranium and battery metals to support a cleaner energy future. Aura is committed to creating value for host nations, local communities, and shareholders through responsible and sustainable resource development. Aura is advancing two key projects:
·      Tiris Uranium Project, Mauritania - A fully permitted, near-term development asset with a potential long mine life. 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
·      Häggån Polymetallic Project, Sweden - A globally significant deposit containing vanadium, sulphate of potash and uranium with potential long-term value
Disclaimer Regarding Forward-Looking Statements
This ASX announcement ('Announcement') contains various forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are inherently subject to uncertainties in that they may be affected by a variety of known and unknown risks, variables and factors which could cause actual values or results, performance or achievements to differ materially from the expectations described in such forward-looking statements. The Company does not give any assurance or guarantee that the anticipated results, performance or achievements expressed or implied in those forward-looking statements will be achieved.
Future funding plans are not commitments and depend on market conditions, approvals and counterparties; there is no assurance finance will be obtained on acceptable terms.

 

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