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Aura Energy Limited (ASX:AEE)

ALERT: Price-sensitive ASX Announcement for AEE
Current share price for AEE : $0.110 -0.01 (-8.33%)+
Announcement
Release
2 Jun 2026 8:21AM
Price at Release
$0.120
Full Release
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Summary
Aura Energy Limited has signed a non-binding Memorandum of Understanding (MOU) with a major international nuclear power company, aimed at supporting the development of the Tiris Uranium Project in Mauritania. This MOU includes potential strategic equity investment, funding support, and technical collaboration, setting a structured pathway towards a significant strategic funding partnership. The project is fortified by a robust processing flowsheet using commercially proven technologies and exhibits positive indicative economics. Aura plans to finalize its Bankable Feasibility Study (BFS) by September 2026, with a Final Investment Decision (FID) targeted by the end of the year.
Key Points
  • MOU signed with a major international nuclear power company.
  • Tiris project FID targeted by year-end 2026.
  • Robust processing flowsheet settled for Tiris Uranium Project.
  • Positive indicative project economics.
  • Strategic funding pathway strengthened.
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.