Aura raises A$475 000 for working capital
Uranium development company Aura Energy has raised an aggregate of about A$475 000, before expenses, through the issue of ordinary shares through a placing and subscription.
The company is also issuing one share option for every two new shares issued.
Aura will use the net proceeds of the fundraising for working capital purposes.
Aura executive chairperson Peter Reev on Wednesday said the company had four distinct activities progressing steadily despite the tough conditions in the market.
He elaborated that the definitive feasibility study for the Tiris uranium project, in Mauritania, remained poised for execution.
Moreover, a scoping study has been completed on the undeveloped Häggån vanadium and battery metals project in central Sweden.
Also, he noted that the company’s gold assets were attracting good corporate interest and that the compensation action in Sweden was progressing well.
“These all impute strong value within the company and these funds will allow progression of some of these areas to the next stage.”
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation