Australia's Aurora Energy jumps on plans to set up new production facility

Aurora Energy Metals

27/09/2022 05:33

** Shares of Aurora Energy Metals Ltd  1AE.AX  jump as much
as 8.1% to A$0.235, set for their best day since Sept 15, if
gains hold
    ** The uranium miner says it purchased a 410-acre private
property in Nevada, United States, to set up a production plant
of uranium and lithium
    ** Says the property is nearer to Aurora uranium deposit,
~12km by road, therefore giving easier access 
    ** Aurora stock down 16.4% since its debut listing on May
18, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))