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Aurora Energy Metals Limited ( (AU:1AE) ) just unveiled an update.
Aurora Energy Metals Limited has received a final payment of US$400,000 from Eagle Energy Metals Corp., extending Eagle’s option to acquire the Aurora Uranium Project for six more months. Eagle is also contributing US$250,000 towards approved work programs during this period. The extension aligns with Eagle’s proposed merger with Spring Valley Acquisition Corp. II, which could see Eagle listed on Nasdaq as a uranium and nuclear energy company. This development could enhance Aurora’s market positioning, as it stands to gain significant interest in Eagle shares upon successful listing, alongside additional contingent considerations linked to project milestones.
More about Aurora Energy Metals Limited
Aurora Energy Metals Limited is an ASX-listed company specializing in the exploration and development of critical mineral assets, with a focus on uranium. The company holds interests in uranium-focused assets in both Australia and the USA, including the Aurora Uranium Project in southeast Oregon, which is the USA’s largest mineable uranium deposit. Aurora is also exploring assets in Western Australia, aiming to contribute to global energy needs through its mineral supply.
Average Trading Volume: 344,608
Technical Sentiment Signal: Buy
Current Market Cap: A$18.35M
Learn more about 1AE stock on TipRanks’ Stock Analysis page.