REG - Aura Energy Limited - Share Purchase Plan Offer will close 23 May 2024

Aura EnergyAnnouncement

20/05/2024 07:00

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RNS Number : 0653P  Aura Energy Limited  20 May 2024

 
                                                                                                          20 May 2024

 

Share Purchase Plan Offer will close Thursday 23 May 2024

 

Eligible Shareholders are reminded that the Share Purchase Plan Offer ("SPP")
will close at 5.00pm on Thursday 23 May 2024 (AEST).

 

The company has received strong demand for the SPP but we would like to afford
all Eligible Shareholders the opportunity to participate in the SPP and
benefit from a very exciting period for Aura as the Tiris Uranium Project
progresses towards development and demonstrates the significant growth
opportunities that exist at the Project. An update to the Mineral Resource
estimate for Tiris is underway on the back of the recently completed 15,500m
drilling program and will be released this quarter.

 

Pursuant to the SPP, Eligible Shareholders in the Company will have the
opportunity, irrespective of the size of their shareholding, to apply (without
incurring brokerage fees) pursuant to a prospectus for up to A$30,000 worth of
new Shares ("SPP Shares"), at an issue price of A$0.18 per SPP Share, and
three (3) free attaching option for every four (4) SPP Shares issued under the
SPP, on the same terms as the Placement Options ("SPP Options"). The Company
proposes to seek quotation of the SPP Options subject to satisfying the
quotation requirements of ASX. The SPP is not underwritten.

 

If you require a replacement application form, please email Monica at
Computershare: monica.kneipp@computershare.com.au
(mailto:monica.kneipp@computershare.com.au) .

 

Full details of the SPP are set out in a Prospectus dated 23 April 2024 which
is available on the Company's website: www.auraee.com (http://www.auraee.com)
.

 

ENDS

This announcement is approved for release by the Managing Director & CEO.

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:

 Andrew Grove                                   Paul Ryan                                                  SP Angel Corporate Finance LLP

 Managing Director and CEO                      Morrow Sodali                                              Nominated Advisor and Broker

 Aura Energy Limited                            Investor & Media Relations                                 David Hignell

 agrove@auraee.com (mailto:Agrove@auraee.com)   p.ryan@morrowsodali.com (mailto:p.ryan@morrowsodali.com)   Kasia Brzozowska

 +61 414 011 383                                +61 409 296 511                                            Grant Baker

                                                                                                           +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 February 2024
FEED study demonstrated Tiris to be a near-term low-cost 2Mlbs U(3)O(8) pa
near term uranium mine with a 17-year mine life with excellent economics and
optionality to expand to accommodate resource growth.

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 2.5Bt vanadium, sulphate of potash ("SOP")
and uranium resource. Utilising only 3% of the resource, a 2023 Scoping Study
outlined a 27-year mine life based on mining 3.5Mtpa.

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.

 

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