Aurora Energy Metals Secures Further Investment as Eagle Extends Option on Uranium Project

Aurora Energy Metals Limited ( (AU:1AE) ) has issued an announcement.

Aurora Energy Metals Limited has received a further US$300,000 option payment from Eagle Energy Metals Corp. as Eagle extends its exclusive option to acquire the Aurora Uranium Project (AUP) for another six months. This extension follows Eagle’s successful US$8 million pre-IPO capital raising, which supports its proposed US listing and project expenditure commitments. Aurora stands to benefit from potential future developments of the AUP through equity, milestone payments, and a net smelter royalty, maintaining significant exposure to the project’s upside. Additionally, Aurora has extended the option period for its Western Australian uranium portfolio, supporting initial fieldwork and further technical evaluation, aligning with its strategy to leverage favorable long-term uranium market conditions.

More about Aurora Energy Metals Limited

Aurora Energy Metals Limited is an ASX-listed company focused on the exploration and development of critical mineral assets, primarily uranium. The company has interests in uranium-focused assets in Australia and the USA, including the Aurora Uranium Project (AUP) in southeast Oregon, which is the USA’s largest mineable, measured and indicated uranium deposit. Aurora is committed to supplying minerals essential to global energy needs and is actively exploring prospective assets in Western Australia.

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