Aura Energy Limited Holding(s) in Company
April 09 2024 - 7:57AM
RNS Regulatory News
RNS Number : 8899J
Aura Energy Limited
09 April 2024
9 April 2024
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 95,318,712
ordinary shares, representing 13.22
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 112,092,127 ordinary
shares in the Company, representing 15.54 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:
Andrew Grove
Managing Director and CEO
Aura Energy Limited
info@auraenergy.com.au
|
Paul Ryan
Citadel-MAGNUS
Investor & Media
Relations
Pryan@citadelmagnus.com
+61 409 296 511
|
SP Angel Corporate Finance
LLP
(Nominated Advisor and
Broker)
David Hignell
Kasia Brzozowska
Grant Barker
+44 (0) 203 470 0470
|
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About Aura Energy (ASX:AEE, AIM:AURA)
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Aura Energy is an Australian-based
minerals company with two major projects, the Tiris
Uranium Project in Mauritania, and
the Häggån Polymetallic Project in Sweden.
The Company is primarily focused on
proceeding to first uranium production from the
Tiris Uranium Project (Aura owns
85%), a major greenfields uranium discovery. A recent
Enhanced Feasibility Study increased
the project NPV significantly and reconfirmed Tiris as
one of the lowest capex, lowest
operating cost uranium projects that remains
undeveloped in the world. The
Company holds Offtake Financing Agreements with Curzon
and is in the process of negotiating
additional offtake arrangements.
Aura also holds 100% of the Häggån
Polymetallic Project, one of the world's largest
undeveloped vanadium resources with
significant by-products credits possible in nickel,
zinc, molybdenum, uranium and
sulphate of potash.
In 2023, Aura will continue the
transition from a uranium explorer to a uranium
producer,
to capitalise on the rapidly growing
demand for nuclear power as the world continues to
shift towards a decarbonised energy
sector.
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END
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