Aura Energy Limited - Completion of Curzon Offtake Restructure and Placement

Aug 15, 2024

Aura Energy Limited (ASX: AEE) has completed restructuring its uranium offtake agreement with Curzon Uranium Ltd. The restructure has improved the Tiris Uranium Project’s net present value (NPV) by US$22 million, bringing it to US$388 million, and increased the internal rate of return (IRR) to 36%. Curzon will receive a restructuring fee of AU$ 5.4 million in shares and has agreed to a private placement of the same amount in Aura shares. Additionally, Curzon will be issued unlisted options priced at AU$0.20 per option, expiring in September 2025. The restructure significantly enhances Aura’s financial position as it advances the Tiris Project.

 

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