Aura Energy Limited ASX Trading Halt (0594Y)

TIDMAURA

RNS Number : 0594Y

Aura Energy Limited

02 May 2023

2 May 2023

 
 Aura Energy Limited 
 
   ASX Trading Halt 
==================== 
 

Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company focused on the development of the 85% owned Tiris Uranium Project, Mauritania, announces that the Company has requested the Australian Securities Exchange ("ASX") to immediately halt trading in its shares quoted on the ASX in accordance with ASX Listing Rule 17.1, pending an announcement in relation to a capital raising.

The trading halt has been undertaken to assist the Company in managing its continuous disclosure obligations in regard to the capital raising.

The Company expects trading in its shares to resume on the ASX either when the expected announcement is made , or upon market open on the ASX on 3 May 2023, whichever is the earlier, and will provide the market with an update in due course.

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

The full version of the ASX announcement can be seen here:

http://www.rns-pdf.londonstockexchange.com/rns/0594Y_1-2023-5-2.pdf

For Further Information, please contact:

 
 David Woodall                           Paul Ryan 
  Managing Director and CEO               Citadel-MAGNUS 
  Aura Energy Limited                     Investor & Media Relations 
  [e-mail]                  [e-mail] 
                                          [phone] 
 SP Angel Corporate Finance LLP          WH Ireland Limited 
  (Nominated Advisor and Joint Broker)    (Joint Broker) 
  David Hignell                           James Bavister 
  Kasia Brzozowska                        Andrew de Andrade 
  [phone]                    [phone] 
                                        ---------------------------- 
 
 
   About Aura Energy (ASX:AEE, AIM:AURA) 
   Aura Energy is an Australian-based minerals company with 
    major uranium and polymetallic projects with large resources 
    in Africa and Europe. The Company is principally focused 
    on initial uranium production at its Tiris Uranium Project, 
    an evolving major greenfields uranium discovery in Mauritania, 
    with Aura announcing a Resource Upgrade in February 2023, 
    bringing the total JORC Resource to 59 Mlbs (at a 100 ppm 
    U(3) O(8) lower cut-off grade). 
    In March 2023, Aura released an Enhanced Definitive Feasibility 
    Study for Tiris, reconfirming Tiris as one of the lowest 
    capex, lowest operating cost uranium projects slated for 
    development. 
    In October 2021, the Company entered a US$10m Offtake Financing 
    Agreement with Curzon, which includes an additional up 
    to US$10m facility, bringing the maximum available under 
    the agreement to US$20m. 
    In 2023, Aura will continue to transition from an advanced 
    uranium explorer to uranium producer, to capitalise on 
    the growing appetite for nuclear power as a critical, baseload, 
    near-zero-carbon energy source to help drive the global 
    shift towards decarbonising energy generation. 
 
 
 
 
 
 
 
    @AuraEnergyAEE 
 
 
 
    https://www.linkedin.com/company/aura-energy-limited 
    Subscribe for Investor Updates 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCELLBBXELEBBL

(END) Dow Jones Newswires

May 02, 2023 02:00 ET (06:00 GMT)