Holding(s) in Company
2 December 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 55,536,198 ordinary shares, representing 10.44 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 55,467,361ordinary shares in the Company, which are beneficially owned by the Macquarie Group Entities.
For Further Information, please contact:
Managing Director and CEO
Aura Energy Limited
Investor & Media Relations
+61 405 555 618
SP Angel Corporate Finance LLP
(Nominated Advisor and Joint Broker)
+44 (0) 203 470 0470
WH Ireland Limited
Andrew de Andrade
+44 (0) 207 220 1666
About Aura Energy (ASX:AEE, AIM:AURA)
Aura Energy is an Australian-based minerals company with major uranium and polymetallic projects with large resources in Africa and Europe. The Company is principally focused on initial uranium production at its Tiris Uranium Project, an evolving major greenfields uranium discovery in Mauritania, with Aura announcing a Resource Upgrade in August 2021, bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U3O8 lower cut-off grade).
Aura also completed a 2021 capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects slated for development.
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 an advanced 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.