Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Aura Energy ( (AU:AEE) ).
Aura Energy has struck a deal under which MMCAP International and other strategic investors will inject C$10 million into its Swedish polymetallic Häggån project via SIU Metals Corp., implying a C$50 million valuation for the asset. Aura will transfer 100% of Häggån into Canadian public company SIU Metals, retain a controlling 78.7% stake after the financing, and seek a TSX Venture Exchange listing for the vehicle, providing dedicated funding, enhanced market visibility and a clearer benchmark against peers at a time when recent changes to Sweden’s Minerals Act have reopened the door to uranium exploration and extraction.
The most recent analyst rating on (AU:AEE) stock is a Hold with a A$0.17 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 Australia-based minerals developer focused on metals and minerals linked to the clean energy transition. The company’s portfolio includes the polymetallic Häggån project in Sweden, with exposure to uranium and battery-related metals, and it is dual-listed on the ASX and AIM, targeting investors in emerging energy and resource sectors.
Average Trading Volume: 2,281,347
Technical Sentiment Signal: Buy
Current Market Cap: A$174.8M
For an in-depth examination of AEE stock, go to TipRanks’ Overview page.