Aura Energy lands A$4.3 million via option funding agreements to grow Tiris Uranium Project

© Reuters. Aura Energy lands A$4.3 million via option funding agreements to grow Tiris Uranium Project Aura Energy Ltd (ASX:AEE, AIM:AURA) is raising A$4.3 million via option funding agreements in which certain investors have agreed to prepay the exercise amount for all remaining options with the aim of to helping to grow the Tiris Uranium Project in Mauritania.

This comprises option funding agreements and an option exercise underwriting agreement for 82.5 million listed options expiring June 30, 2024.

The proceeds will be allocated to an extensional drilling program at Tiris East, which aims to define additional uranium resources.

Near-term low-cost producerAura chairman Philip Mitchell said: “The options funding and underwriting agreements provide valuable funding in support of our strategy to continue to grow the Tiris Uranium Project and were well supported by existing significant shareholders, including Lind Partners.“The current exploration program is targeting expansion of our mineral resource towards 100 million pounds […]

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