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Aura Energy ( (AU:AEE) ) has shared an announcement.
Aura Energy has been granted an exploration permit for the Gräsmyråsen nr 1 tenement in Sweden, adjacent to its existing Häggån tenement. This new permit, covering 1012.12 hectares, allows Aura to expand its exploration activities and potentially increase its mineral resources in the area. The recent decision by the Swedish government to lift the ban on uranium exploration and exploitation enhances the strategic importance of this development, potentially benefiting Aura’s operations and positioning in the market.
The most recent analyst rating on (AU:AEE) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on Aura Energy stock, see the AU:AEE Stock Forecast page.
More about Aura Energy
Aura Energy is an Australian-based mineral company with significant uranium and polymetallic projects in Africa and Europe. The company aims to transition from a uranium explorer to a producer to leverage the increasing demand for nuclear power as the world moves towards a decarbonised energy sector. Aura Energy is particularly focused on developing a uranium mine at the Tiris Uranium Project in Mauritania.
YTD Price Performance: 40.0%
Average Trading Volume: 2,282,814
Technical Sentiment Signal: Sell
Current Market Cap: A$160.8M
For detailed information about AEE stock, go to TipRanks’ Stock Analysis page.