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RNS Number : 8899J Aura Energy Limited 09 April 2024
9 April 2024
Aura Energy Limited
("Aura" or the "Company")
Holdings in Company
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company
focused on the development of the 85% owned Tiris Uranium Project, Mauritania
("Tiris", or the "Project"), has received a notification that Macquarie Bank
Limited and its controlled entities (the "Macquarie Group Entities") are the
beneficial holders of 95,318,712 ordinary shares, representing 13.22 per cent
of the Company's issued share capital and voting rights.
MM Asset Management Inc's interest in the Company is via a cash settled equity
swap position with Macquarie Bank Limited, over the Macquarie Group Entities
beneficial holding in the Company.
MM Asset Management Inc currently holds a cash settled equity swap position
over 112,092,127 ordinary shares in the Company, representing 15.54 per cent
of the Company's issued share capital and voting rights, which are
beneficially owned by the Macquarie Group Entities.
For Further Information, please contact:
Andrew Grove Paul Ryan
Managing Director and CEO Citadel-MAGNUS
Aura Energy Limited Investor & Media Relations
info@auraenergy.com.au Pryan@citadelmagnus.com (mailto:Pryan@citadelmagnus.com)
(mailto:info@auraenergy.com.au?subject=Aura%20Energy%20(ASX:AEE)%20-%20Shareholder%20/%20Investor%20Enquiry)
+61 409 296 511
SP Angel Corporate Finance LLP
(Nominated Advisor and Broker)
David Hignell
Kasia Brzozowska
Grant Barker
+44 (0) 203 470 0470
About Aura Energy (ASX:AEE, AIM:AURA)
Aura Energy is an Australian-based minerals company with two major projects,
the Tiris
Uranium Project in Mauritania, and the Häggån Polymetallic Project in
Sweden.
The Company is primarily focused on proceeding to first uranium production
from the
Tiris Uranium Project (Aura owns 85%), a major greenfields uranium discovery.
A recent
Enhanced Feasibility Study increased the project NPV significantly and
reconfirmed Tiris as
one of the lowest capex, lowest operating cost uranium projects that remains
undeveloped in the world. The Company holds Offtake Financing Agreements with
Curzon
and is in the process of negotiating additional offtake arrangements.
Aura also holds 100% of the Häggån Polymetallic Project, one of the world's
largest
undeveloped vanadium resources with significant by-products credits possible
in nickel,
zinc, molybdenum, uranium and sulphate of potash.
In 2023, Aura will continue the transition from a uranium explorer to a
uranium producer,
to capitalise on the rapidly growing demand for nuclear power as the world
continues to
shift towards a decarbonised energy sector.
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