Aura Energy Limited (AU:AEE) has released an update.
Aura Energy Limited has announced a restructured offtake agreement with Curzon Uranium Ltd., significantly enhancing the financial outlook of the Tiris Uranium Project with an increased net present value and internal rate of return. Curzon will receive a restructuring fee and make a placement in Aura shares, which will be escrowed until key project milestones are met, thus aligning the interests of both companies. Aura Energy is poised to transition from exploration to production, capitalizing on the growing demand for nuclear power as part of the global energy transition.
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