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Aura Energy ( (AU:AEE) ) just unveiled an update.
Aura Energy has raised A$20 million through an oversubscribed placement of approximately 97.6 million new shares at A$0.205 each to Australian and international institutional and sophisticated investors. The funds will be directed towards advancing development activities and final investment decision readiness at the Tiris Uranium Project in Mauritania, as well as exploration, resource definition and working capital, at a time of rising uranium prices and renewed policy support for nuclear energy in key markets. The raise follows the recently announced Häggån transaction, under which Aura will retain a 78.7% stake in a separately listed TSX vehicle, enhancing its strategic positioning as nuclear power gains prominence in global clean-energy strategies and increasing the company’s leverage to the strengthening uranium market.
The most recent analyst rating on (AU:AEE) stock is a Hold with a A$0.22 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 Limited is an ASX- and AIM-listed developer of metals and minerals focused on supporting the clean energy transition, with a primary emphasis on uranium projects. Its key assets include the Tiris Uranium Project in Mauritania and the Häggån project in Sweden, where recent legislative changes have opened the door to uranium mining and strengthened the company’s exposure to growing nuclear energy demand.
YTD Price Performance: 37.14%
Average Trading Volume: 2,821,304
Technical Sentiment Signal: Buy
Current Market Cap: A$220.8M
Find detailed analytics on AEE stock on TipRanks’ Stock Analysis page.