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Aura Energy Limited (ASX:AEE)

ALERT: Price-sensitive ASX Announcement for AEE
Current share price for AEE : $0.100 -0.1 (-50%)+
Announcement
Release
23 Jan 2026 8:25AM
Price at Release
$0.200
Full Release
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Summary
Aura Energy Limited has announced an investment that establishes a C$50 million valuation for its Häggån project in Sweden. This is supported by a C$10 million funding from MMCAP International Inc. SPC and other strategic investors. Aura will maintain a 78.7% ownership in SIU Metals, which will take full ownership of the Häggån project. The transaction involves a reverse takeover of SIU Metals by Aura, aiming to list SIU Metals on the TSX Venture Exchange. The investment will help advance the Häggån project's development, aided by recent legislative changes in Sweden that permit uranium mining. The financial completion is planned for February 2026, with the entire transaction expected to finalize by June 2026. Aura will oversee the appointment of new management for SIU Metals post-transaction.
Key Points
  • Aura Energy Limited announced a C$50M valuation for its Häggån project.
  • MMCAP International Inc. SPC and other investors will provide C$10 million in funding.
  • Aura will retain 78.7% ownership of SIU Metals, which will own 100% of the Häggån project.
  • A reverse takeover (RTO) of SIU Metals by Aura is to be completed.
  • The project benefits from the amended Swedish Minerals Act allowing uranium mining.
  • SIU Metals aims to list shares on the TSX Venture Exchange.
  • The financing is expected to complete in February 2026, with the transaction in June 2026.
  • Aura will appoint new officers and directors to SIU Metals.
  • The proceeds will support Häggån project advancement and exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.