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Aurora Energy Metals Limited (ASX:1AE)

ALERT: Price-sensitive ASX Announcement for 1AE
Current share price for 1AE : $0.055 -0.025 (-31.25%)+
Announcement
Release
21 Apr 2026 8:59AM
Price at Release
$0.080
Full Release
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Summary
Aurora Energy Metals Limited reported its activities for the quarter ending March 31, 2026. During this period, the company completed the sale of the Aurora Uranium Project to Eagle Nuclear Energy Corp., receiving US$17.1 million (~A$24.2 million) in equity, with potential additional payments of up to US$10 million based on future project milestones. The company retained a 1% Net Smelter Royalty on the project. The cash position at the end of the quarter was A$1.3 million, with no debt. Aurora continues to explore uranium prospects in Western Australia and has restructured its board by appointing Aidan Platel as the new Managing Director and CEO.
Key Points
  • Completion of sale of Aurora Uranium Project to Eagle Nuclear Energy Corp.
  • Received US$17.1 million in equity shares from the sale.
  • Potential for up to US$10 million in milestone payments.
  • 1% Net Smelter Royalty retained on the project.
  • Cash position of A$1.3 million with no debt at quarter end.
  • Advancement of Western Australian uranium exploration strategy.
  • Appointment of Aidan Platel as Managing Director and CEO.
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.