Aura Energy Limited (GB:AURA) has released an update.
Aura Energy Limited has announced a restructured offtake agreement with Curzon Uranium Ltd., enhancing the financial outlook of its Tiris Uranium Project by increasing its net present value and internal rate of return. Curzon will receive a restructuring fee and make a share placement in Aura, becoming a significant stakeholder with approximately 8% ownership. The arrangement, seen as mutually beneficial, will support Aura’s transition from uranium exploration to production, bolstering its cash reserves and ensuring a strategic partnership for the Tiris Project’s development.
For further insights into GB:AURA stock, check out TipRanks’ Stock Analysis page.
