Holding(s) in Company

RNS Number : 5659P

Aura Energy Limited

10 February 2023

 

         10 February 2023

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 63,801,113 ordinary shares, representing 11.45 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 63,732,276 ordinary shares in the Company, representing 11.44 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:

David Woodall Managing Director and CEO Aura Energy Limited [e-mail]	Paul Ryan Citadel-MAGNUS 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 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 August 2021, bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U3O8 lower cut-off grade). Aura also completed a 2021 capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, 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

 

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