REG - Aura Energy Limited - ASX Trading Halt

Aura EnergyAnnouncement

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RNS Number : 0407R  Aura Energy Limited  30 January 2026

 

 

                                                                                                                             30 January 2026

ASX Trading Halt

 

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") announces
that the Company has requested the Australian Securities Exchange ("ASX") to
halt trading in its shares quoted on the ASX in accordance with ASX Listing
Rule 17.1, pending the release of a further announcement from the Company
regarding a capital raising.

 

The Company expects the securities to remain in trading halt until the earlier
of the announcement of the outcome of the capital raising or the commencement
of trading on Tuesday 3 February 2026.

 

Trading in the Company's ordinary shares will continue to trade as normal on
AIM, a market operated by the London Stock Exchange, during this period.

 

A full version of the ASX announcement can be seen here: [RNS to insert link]

 

 ENDS

 

 

For further information, please contact:

 Philip Mitchell        SP Angel Corporate Finance LLP  Tamesis Partners LLP

 Executive Chair        Nominated Adviser               Broker

 Aura Energy Limited    David Hignell                   Charlie Bendon

 pmitchell@auraee.com   Adam Cowl & Devik Mehta         Richard Greenfield

 +44 7552272155         +44 203 470 0470                +44 203 882 2868

 

Australian investors and media

GRACosway

Bill Frith

Bill.Frith@omc.com

+61 405 144 807

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.

 

Notes to project descriptions

The Company notes that the material assumptions underpinning the Tiris Uranium
Production Targets, Ore Reserves and the associated financial information
derived from the Tiris production target as outlined in the Aura Energy ASX
Release dated 29 March 2023 "Enhanced Definitive Feasibility Study', ASX
Release dated 28 Feb 2024 "FEED study confirms excellent economics for the
Tiris Uranium Project", ASX Release dated 16 April 2024 "Offtake restructure
delivers significant value", ASX Release dated 11 Sept 2024 "Updated
Production Target Improves Economics at Tiris Uranium Project" and ASX Release
dated 13 Dec 2024 "Tiris Uranium Project Alternative Production Targets" are
subject to the matters disclosed in the ASX Release dated 25 November 2025
"Chair Address - Annual General Meeting 2025". Process descriptions and cost,
NPV, IRR and pay-back estimates may be impacted by the ongoing review of basic
engineering work expected to be completed in Q2 2026.

The Tiris Uranium Project Mineral Resources were released ASX Release dated 12
June 2024 "Aura increases Tiris Mineral Resources by 55% to 91.3 Mlbs U3O8"
and Ore Reserves released ASX Release dated 16 Dec 2024 "Substantial increase
in Tiris Uranium Project Ore Reserves". The Company confirms that it is not
aware of any new information or data that materially affects the information
included in the relevant market announcement and that all material assumptions
and technical parameters underpinning the estimates in the relevant market
announcements continue to apply and have not materially changed, with the
exception of process flow sheet matters currently being addressed as outlined
in the ASX Release dated 25 November 2025 "Chair Address - Annual General
Meeting 2025".

The Häggån Project Resource Estimate was prepared by a Competent Person in
accordance with the JORC Code (2004 Edition) (see ASX Release dated 22 August
2012 "Outstanding Häggån uranium resource expands to 800 million pounds" and
ASX Release dated 10 October 2019 "Häggån Battery Metal Project Resource
Upgrade Estimate Successfully Completed"). The uranium Mineral Resource is
currently in the process of being converted to a resource estimate in
accordance with the JORC Code (2012 Edition) and to incorporate uranium assay
information from exploration drilling subsequent to ASX Release: 22 Aug 2012 -
Outstanding Häggån Uranium Resource Expands to 800 Million Pounds. No
reinterpretation or estimation has been completed during the conversion
process so far. A full summary of the Resource methodology and validation,
which is currently being independently reviewed and validated by the Competent
Person, will be included in the relevant JORC tables attached to the future
announcement of the JORC 2012 compliant resource.

The Company confirms that the material assumptions underpinning the Häggån
Project Production Targets and the associated financial information derived
from the Häggån production target as outlined in the Aura Energy ASX
Announcement dated 5 Sept 2023 "Scoping Study Confirms Scale and Optionality
of Häggån" continue to apply and have not materially changed.

In respect to Resource statements, there is a low level of geological
confidence associated with inferred mineral resources and there is no
certainty that further exploration work will result in the determination of
indicated measured resource or that the production target will be realised.

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