Aura Energy appoints advisers to arrange Mauritania, Sweden project funding

Writer, Stock Market Wire
Wednesday, January 30, 2019 - 13:17

Aura Energy said it had appointed London-based advisory firms SD Capital Advisory and GKB Ventures to arrange funding for both the Tiris uranium project in Mauritania and the Haggan Vanadium project in Sweden.

The mandate would be undertaken jointly and cover the funding requirements for both projects as a combined finance package.

The firms would seek up to 85% of the combined capital cost for the projects by way of export credit agency support.

'This form of finance is the perfect blend for mining development companies, and proactive governments seeking to promote the export of goods and services for the successful implementation of projects,' chief executive Peter Reeve said.

'Aura continues to steadfastly put in position the required building blocks to achieve production from its projects.'

'Following the signing of the Tiris production offtake agreement, this strong step towards financing the project will allow the final move to construction to proceed.'

At 1:17pm: (LON:AURA) Aura Energy Limited share price was +0.03p at 1.08p

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