Loan Funded Shares and Total Voting Rights

RNS Number : 9992Q

Aura Energy Limited

01 July 2022

 

 

        1 July 2022

Admission of Loan Funded Shares

Total Voting Rights

Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company focused on the development of the 85% owned Tiris Uranium Project, Mauritania, confirms that application has been made for the 20,000,000 Loan Funded Shares to be admitted to trading on AIM ("Admission").  For additional information on the Loan Funded Shares please see the Company's announcements dated 1 April 2022, 22 November 2021 (which includes a link to the Notice of Annual General Meeting) and 21 December 2021.

It is expected that Admission will become effective on or around 7 July 2022.

Total Voting Rights

The total issued share capital of the Company consists of 503,825,028 ordinary shares of no par value ("Ordinary Shares").  The Company does not hold any Ordinary Shares in Treasury. Therefore, the total current voting rights in the Company is 503,825,028 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.

For Further Information, please contact:

Will Goodall Acting CEO Aura Energy Limited [e-mail]	Jane Morgan JMM Investor & Media Relations [e-mail] [phone]
SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) David Hignell Kasia Brzozowska [phone]	WH Ireland Limited (Joint Broker) Jessica Cave Andrew de Andrade [phone]

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

Aura Energy is an Australian based minerals company that has major uranium and polymetallic projects with large resources in Africa and Europe.

The Company is focused on uranium production the Tiris Project, an evolving major greenfields uranium discovery in Mauritania, with Aura announcing a Resource Upgrade in August 2021 of 10% or 5.0 million lb U₃O₈ bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U₃O₈ lower cut-off grade).

Aura also completed a capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, with these 2021 figures reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects.

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 2022, Aura will continue to transition from a 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.

 

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