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Aura in uranium offtake deal

AIM and ASX-listed Aura Energy is getting offtake financing of US$10 million from commodities firm Curzon Uranium Trading for “late stage project construction, and production commencement” at the Tiris project in Mauritania.
Aura in uranium offtake deal Aura in uranium offtake deal Aura in uranium offtake deal Aura in uranium offtake deal Aura in uranium offtake deal

Aura's Tiris project in Mauritania

The $10 million gets London-based Curzon 15% of Tiris' planned production, with Aura able to participate in further offtake finance agreements.

Curzon has the right to provide another $10 million.

Tiris has life-of-mine capex of $90 million and planned annual production of 1 million pounds per annum.

It is currently anticipated to start production in calendar 2023.

All-in sustaining costs are put at $29.80 per pound of production.

Shares in Aura closed 19% higher in Australia at A24c in late trade capitalising the company at $95.8 million.