Aura starts dual funding workstreams to garner debt, strategic financing for Tiris
ASX- and Aim-listed Aura Energy has started two funding workstreams to underpin the development of the Tiris uranium project, in Mauritania.
The company aims to secure an integrated funding solution to advance the project to production.
Aura has appointed debt adviser Orimco to arrange debt funding for Tiris, and engaged Macquarie Capital, in Australia, to progress a strategic investment process.
Orimco has extensive experience in arranging debt financing for West African mining projects, including in Mauritania, while Macquarie is versed in managing strategic investments.
A front-end engineering study on the project recently highlighted the project’s net present value of $388-million and internal rate of return of 36%.
The company says it has received strong inbound interest from credentialled debt providers and strategic investors who recognise the potential undeveloped future value at Tiris.
Through a dual funding workstream, Aura aims to deliver an optimal funding package, derisk development of Tiris, optimise equity requirements and maximise the value of Tiris for shareholders.
Aura plans to make the final investment decision on the project by late this year or early 2025, which will depend on arrangements with key offtake partners, financing for project development, government development consents and early work commitments on water and electricity realising.
Comments
Research Reports
Latest Multimedia
Showroom
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
