Aura raises $670 495 in share purchase plan
Australia-based minerals company Aura Energy, which is developing the Tiris uranium project in Mauritania, has raised $670 495 in a share purchase plan (SPP).
The SPP, along with a placement undertaken by the company in May, has raised a total of $10.7-million.
"The successful completion of the capital raise and share purchase puts Aura in a great position to deliver on our strategy. Our target is to be development ready with the completion of the front end engineering design, the receipt of the uranium export permit, additional offtake agreements and the progression of financing in 2023 to maximise value to our shareholders.
"Our strategy remains focused on continuing to develop our flagship Tiris project to meet rising demand and the corresponding rising price for uranium. We believe this demand is sustainable and necessary to meet global decarbonisation targets," comments MD and CEO David Woodall.
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