Aurora flips focus from US to WA uranium

M&A News

Aurora flips focus from US to WA uranium
United Kingdom Latest News,United Kingdom Headlines
  • 📰 MiningOnline
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Junior inks options to swap US certainty for Australian uncertainty

Aurora Energy Metals has decided to swap its direct stake in its namesake project in the US for a stake in a US-listed explorer, hoping to unlock domestic support while looking at other assets, starting with a low-cost option over greenfield uranium projects in Western Australia. It is an unusual move given the US has a resurgent nuclear sector and development of uranium mines in WA is practically verboten, with little chance of a near-term policy change.

Petra Capital's Colin McLelland recently noted that the Russian ban should prove to be the catalyst for a renewed contracting cycle — something that could be good news for advanced domestic options such as Aurora, especially under a more isolationist US led by Donald Trump.Eagle can pay up to $1 million for a maximum 18-month option. If exercised, the agreement will see Aurora offered around $16 million of stock in Eagle on its listing, which required a minimum $6.8 million capital raising.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MiningOnline /  🏆 117. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lights from Suffolk tomato factory mistaken for 'lovely aurora'Lights from Suffolk tomato factory mistaken for 'lovely aurora'A woman's excitement at sharing photos on social media is short lived.
Read more »

Scots photographer snaps rare aurora and moonbow over North Lanarkshire skiesScots photographer snaps rare aurora and moonbow over North Lanarkshire skiesResidents were treated to a mesmerising lightshow as the Northern Lights and a moonbow made for a celestial display.
Read more »

Moment rare ‘Halloween Comet’ is vaporised after flying too close to the sun...Moment rare ‘Halloween Comet’ is vaporised after flying too close to the sun...Incredible moment a fireball comet is spotted racing past stunning aurora towards Earth
Read more »

‘Halloween Comet’ may be bright enough to see in daylight for an hour or two tomorrow...‘Halloween Comet’ may be bright enough to see in daylight for an hour or two tomorrow...Incredible moment a fireball comet is spotted racing past stunning aurora towards Earth
Read more »

Junior Andre raging as he's forced to miss important event due to car mishapJunior Andre raging as he's forced to miss important event due to car mishapJunior Andre has revealed that he was forced to miss a meeting in London after some car issues on the way there, with the singer sharing a video of his tyre being changed on the side of the road
Read more »

Lamine Yamal humiliates Vinicius Junior with Barcelona goal celebration in El ClasicoLamine Yamal humiliates Vinicius Junior with Barcelona goal celebration in El ClasicoLamine Yamal put Real Madrid rival Vinicius Junior in the shade after he starred in Barcelona's historic 4-0 Clasico victory at the Bernabeu.
Read more »



Render Time: 2025-04-06 23:36:41