REG - Aura Energy Limited - Exercise of Options

Aura EnergyAnnouncement

27/05/2025 07:00

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RNS Number : 0906K  Aura Energy Limited  27 May 2025

 

 

                                                                                                                             27 May 2025
Exercise of Options

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or 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/
(https://auraenergy.com.au/investor-centre/asx-announcements/)

The Company has issued ordinary shares at an exercise price of A$0.30 each
arising from an exercise of listed options ("New Shares").

Application will be made for 2,000 New Shares respectively to be admitted to
trading on AIM ("Admission"). It is expected that Admission will become
effective on or around 2 June 2025.

 

Total Voting Rights

Following the issue of the 2,000 New Shares, the total issued share capital of
the Company will consist of 912,750,141 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 912,750,141 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

 

The Board of Aura Energy Ltd has approved this announcement.

 

For further information, please contact:

 Andrew Grove                                   SP Angel Corporate Finance LLP  Tamesis Partners LLP

 Managing Director and CEO

                                              AIM Nominated Adviser           AIM Broker
 Aura Energy Limited

 agrove@auraee.com (mailto:agrove@auraee.com)   David Hignell                   Charlie Bendon

 +61 414 011 383

                                              Adam Cowl                       Richard Greenfield

                                                Devik Mehta                     +44 203 882 2868

                                                +44 203 470 0470

 

 

About Aura Energy (ASX: AEE, AIM: AURA)

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 2024 FEED
Study(( 1  (#_ftn1) )) and Production Target Update(( 2  (#_ftn2) ))
demonstrates Tiris to be a near-term low-cost uranium mine producing 2Mlbspa
U(3)O(8) over a 25-year mine life with excellent economics and optionality to
expand and to accommodate future exploration success.

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 2.0Bt vanadium, sulphate of potash (SOP)(( 3 
(#_ftn3) )) and uranium(( 4  (#_ftn4) )) resource. Utilising only 3% of the
resource, a 2023 Scoping Study(( 5  (#_ftn5) )) outlined a 17-year mine life
based on a 3.6Mtpa production rate.

 

 1  (#_ftnref1) ASX and AIM Release: 28 Feb 2024 - FEED study confirms
excellent economics for the Tiris Uranium Project

 2  (#_ftnref2) ASX and AIM Release: 11 Sept 2024 - Updated Production Target
Improves Economics at Tiris

 3  (#_ftnref3) ASX and AIM Release: 10 Oct 2019 - Häggån Battery Metal
Project Resource Upgrade Estimate

 4  (#_ftnref4) ASX and AIM Release: 22 Aug 2012 - Outstanding Häggån
Uranium Resource expands to 800 million pounds

 5  (#_ftnref5) ASX and AIM Release: 5 Sept 2023 - Scoping Study Confirms
Scale and Optionality of Häggån

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