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Aurora Energy Metals Limited ( (AU:1AE) ) just unveiled an announcement.
Aurora Energy Metals Limited announced that Eagle Energy Metals Corp. plans to merge with Spring Valley Acquisition Corp. II, a US-listed SPAC, which will result in Eagle becoming a publicly listed uranium and nuclear energy company on Nasdaq. This development marks a significant milestone for the Aurora Uranium Project, as it triggers the issuance of US$16 million in Eagle shares to Aurora and aligns with the growing US demand for secure uranium supply. The transaction is expected to enhance Aurora’s strategic positioning and provide critical visibility and funding for the project’s advancement.
More about Aurora Energy Metals Limited
Aurora Energy Metals Limited is an ASX-listed company engaged in the exploration and development of critical mineral assets, with a focus on uranium. The company has interests in uranium-focused assets in both Australia and the USA, including the Aurora Uranium Project in southeast Oregon, which is noted as the USA’s largest mineable, measured, and indicated uranium deposit. Aurora is also exploring assets in Western Australia, aiming to supply essential minerals for global energy needs.
Average Trading Volume: 207,400
Technical Sentiment Signal: Sell
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