Aura Energy Limited Holding(s) in Company (4324A)
September 23 2022 - 2:47AM
UK Regulatory
TIDMAURA
RNS Number : 4324A
Aura Energy Limited
23 September 2022
23 September 2022
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 41,738,252 ordinary shares, representing 8.24 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 41,669,415 ordinary shares in the Company, which
are beneficially owned by the Macquarie Group Entities.
For Further Information, please contact:
Will Goodall Jane Morgan
Acting CEO JMM
Aura Energy Limited Investor & Media Relations
info@auraenergy.com.au info@janemorganmanagement.com.au
+61 405 555 618
SP Angel Corporate Finance LLP WH Ireland Limited
(Nominated Advisor and Joint (Joint Broker)
Broker) Jessica Cave
David Hignell Andrew de Andrade
Kasia Brzozowska +44 (0) 207 220 1666
+44 (0) 203 470 0470
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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 U(3) O(8) bringing the total JORC Resource to 56 Mlbs
(at a 100 ppm U(3) O(8) 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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END
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