REG - Aura Energy Limited - Appointment of Ousmane Kane to Aura Energy Board

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RNS Number : 5232Q  Aura Energy Limited  10 July 2025

 

 

                                                                                                            10 July 2025
Appointment of Ousmane Mamoudou Kane to

Aura Energy Board

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is pleased
to announce the appointment of Mr Ousmane Mamoudou Kane to the Board of
Directors as an independent Non-Executive Director, effective immediately to
further strengthen Aura's team as it progresses towards development of the
Tiris Uranium Project.

Mr Kane served as Mauritania's Finance Minister and Minister of Economic
Affairs and Promotion of Productive Sectors. His distinguished career includes
Governor of the Central Bank of Mauritania, CEO of SNIM the state-owned iron
ore miner, senior advisor to head of state, Vice-President African Development
Bank and roles in international finance, economic reform, and government
policy, as well as deep engagement with Africa's development and
infrastructure agenda.

Mr Kane brings over three decades of experience across both the public and
private sectors. His expertise in economic policy, investment strategy, and
regional development will be invaluable as Aura advances the Tiris Uranium
Project toward development.

Aura Executive Chair Phil Mitchell said:

"Ousmane is an eminent Mauritanian leader and statesman who brings a deep
understanding of our host nation, its communities and people together with a
depth of financial knowledge and extraordinary wisdom. His experience and
wisdom will significantly strengthen our board.  Ousmane is committed to
ensuring that the Tiris project is brought to fruition successfully and we
welcome him as a director."

Mr Ousmane Kane said:

"I am honoured to join a great team to contribute to the development of an
important mining project in my country. This gives me a wonderful new
challenge I am delighted to tackle collectively with my new colleagues."

Aura Energy Managing Director and Chief Executive Officer, Andrew Grove said:

"We are honoured to welcome Mr Kane to the Aura Board. His depth of experience
in economic development and investment strategy within Mauritania and across
Africa adds significant strength to Aura as we continue to progress Tiris into
production. This appointment reflects our commitment to strong local
partnerships and a long-term vision of sustainable development in Mauritania."

This appointment further reinforces Aura's engagement in Mauritania as a
partner in delivering long-term economic value through the development of the
Tiris Project.

Aura Energy will seek to leverage Mr Kane's strategic insights and networks to
support government collaboration, funding efforts, and responsible project
delivery aligned with global ESG standards.

 

AIM Rules disclosures

The following information is disclosed pursuant to Rule 17 and Schedule Two
Paragraph (g) of the AIM Rules for Companies in relation to Ousmane Mamoudou
Kane, aged 70.

 Current Directorships  Directorships held in the previous five years
                        GBM (Générale des Banques de Mauritanie)
                        TMLSA
                        Algold Resources Ltd
                        ENCO & Associés
                        Liberia Mofe Creek Mining

There are no further disclosures required to be made in respect of the
appointment of Mr Kane under AIM Rule 17 and Schedule 2(g) of the AIM Rules
for Companies.

 

ENDS

 

 

Authorisation for release

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

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").

For further information, please contact:

 Philip Mitchell                 Andrew Grove

 Executive Chair                 Managing Director and CEO

 Aura Energy Limited             Aura Energy Limited

 pmitchell@auraee.com            agrove@auraee.com (mailto:agrove@auraee.com)

 +44 78 2481 5516                +61 414 011 383

 SP Angel Corporate Finance LLP  Tamesis Partners LLP

 Nominated Adviser               Broker

 David Hignell                   Charlie Bendon

 Adam Cowl                       Richard Greenfield

 Devik Mehta                     +44 203 882 2868

 +44 203 470 0470

 

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 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

Aura is committed to creating value for host nations, local communities, and
shareholders through responsible and sustainable resource development.

 

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