Aura Energy's Restructuring Decision

Aura Energy Limited (ASX: AEE, AIM: AURA) has announced that Curzon Uranium Ltd. has chosen to receive the US$3.5M restructuring fee in Aura shares priced at A$0.18 per share, instead of a cash settlement. This decision is part of the recently announced restructure of the Curzon uranium offtake agreement, which has significantly increased the price receivable for planned uranium production and released substantial value for the Tiris Uranium Project.

Executive Commentary on Restructuring Decision

We welcome Curzon as a significant long-term Aura shareholder and partner for the development of the Tiris Uranium Project. Curzon is a leading global uranium trader, and their deep market insight and networks will be of significant benefit to the development and successful operation of the future Tiris Uranium Mine and will be of benefit to all Aura shareholders.

Summary of Aura Energy's Announcement

Aura Energy's decision to allow Curzon to receive the restructuring fee in shares at A$0.18 per share, instead of a cash settlement, has improved the Project NPV8 by US$22M to US$388M and increased the IRR by 2% to 36% compared to the FEED study economics delivered in March 2024. This move adds to Aura's cash reserves and strengthens its position for the development of the Tiris Uranium Project. The company's focus on transitioning from a uranium explorer to a uranium producer aligns with the growing demand for nuclear power as the world shifts towards a decarbonized energy sector. Additionally, Aura's ownership of the Häggan Project in Sweden, containing a global-scale vanadium, sulphate of potash, and uranium resource, provides further potential for future growth and expansion.