Aura Energy Limited (AU:AEE) has released an update.
Aura Energy Limited reports robust quarterly results, highlighting the Front End Engineering Design study of their Tiris Uranium Project which shows promising economics with a net present value of $366 million and a 34% post-tax IRR. They’ve secured their balance sheet with $19 million in cash and look forward to significant revenue increases following a restructured offtake agreement that boosts contracted uranium prices by 70%. Additionally, the company is energized by Sweden’s consideration to lift the uranium mining ban, potentially benefiting Aura’s Häggån Project with its substantial uranium resources.
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