Holding(s) in Company

RNS Number : 3320E
Aura Energy Limited
27 October 2022
 

      27  October 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 49,626,342 ordinary shares, representing 9.35 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 49,557,505 ordinary shares in the Company, which are beneficially owned by the Macquarie Group Entities.

 

For Further Information, please contact:

David Woodall

Managing Director and CEO

Aura Energy Limited

info@auraenergy.com.au

 

Jane Morgan

JMM

Investor & Media Relations

info@janemorganmanagement.com.au

+61 405 555 618

 

SP Angel Corporate Finance LLP

(Nominated Advisor and Joint Broker)

David Hignell

Kasia Brzozowska

+44 (0) 203 470 0470

 

WH Ireland Limited

(Joint Broker)

Jessica Cave

Andrew de Andrade

+44 (0) 207 220 1666

 

 

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.

 

 

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 rns@lseg.com 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
 
 
HOLMRBPTMTMTMRT
UK 100

Latest directors dealings