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Aura Energy Limited ( (AU:AEE) ) just unveiled an announcement.
Aura Energy Limited has announced significant progress in its Tiris Uranium Project, with a 49% increase in Ore Reserves, totaling 33.6Mlb of U3O8, attributed to updated mineral resource data and improved mining processes. The company is exploring further growth opportunities, evaluating production capacity expansion, and securing project development funding. In Sweden, a government inquiry’s recommendation to lift the uranium mining ban aligns with Aura’s interest in the Häggån Project, potentially providing a strategic advantage. Aura’s financial position is bolstered by a recent A$9 million private placement, which will support early works at Tiris, positioning the company for a pivotal year in 2025.
More about Aura Energy Limited
Aura Energy Limited is a company focused on developing metals and minerals for a cleaner energy future. It is listed on both the Australian Securities Exchange (ASX) and the AIM market. The company is primarily involved in the development of its flagship Tiris Uranium Project in Mauritania, West Africa, and advancing the licensing of the Häggån Polymetallic Project in Sweden.
YTD Price Performance: 11.54%
Average Trading Volume: 161,762
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £66.84M
See more insights into AEE stock on TipRanks’ Stock Analysis page.
