10 July 2024

Issue of Equity

Notification under section 708A(5)(e) of the Corporations Act 2001

This notice is given by Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") under section 708A(5)(e) of the Corporations Act 2001(Cth) ("Corporations Act").

Further to the Company's ASX announcement on 25 January 2024 titled "Option Funding Agreements secure $4.3m for the Tiris Uranium Project", the Company advises the total number of unexercised 5.2c options on the expiry date of 30 June 2024 was 1,543,958. The Company confirms on Tuesday 9 July 2024, it allotted 1,543,958 fully paid ordinary shares in the capital of the Company ("Shares") to the option shortfall funding underwriter's nominees, at the share issue price of A$0.052 per Share.

Following the issue of the Shares, all amounts advanced under the option funding agreements have been fully repaid.

Please refer to the accompanying Appendix 3B and the Company's ASX announcement on 25 January 2024 for further details regarding the option funding agreement. The Appendix 3B can be viewed here: [RNS to insert link to 3B PDF]

The Company hereby gives notice pursuant to section 708A(5)(e) of the Corporations Act that:

1.     the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

2.     as at the date of this notice, the Company has complied with:

a.     the provisions of Chapter 2M of the Corporations Act, as they apply to the Company; and

b.     sections 674 and 674A of the Corporations Act; and

3.     as at the date of this notice, there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by the Company, other than as set out below:

As part of its ordinary course of business, the Company is in discussions with governments, potential contract parties, staff, communities and other third parties covering a comprehensive range of matters. As at the date of this notice, the discussions and negotiations are incomplete and confidential and none of these matters have advanced to a point where the arrangements have been agreed with any such parties of either a binding or non-binding nature, and there can be no certainty that any agreement or agreements will be reached, or that any transaction will eventuate. The Company will continue to keep the market updated in accordance with its continuous disclosure obligations.

Admission to Trading on AIM

Application will be made for 1,543,958 Shares respectively to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 16 July 2024.

        Total Voting Rights

        Following the issue of the 1,543,958 Shares, the total issued share capital of the Company will consist of 788,633,367 ordinary shares of no par value each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 788,633,367 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

ENDS

The Managing Director & CEO of Aura Energy Ltd has approved this announcement.

For further information, please contact:

About Aura Energy (ASX: AEE, AIM: AURA)

Aura Energy is an Australian-based mineral company with major uranium and polymetallic projects in Africa and Europe.

The Company is focused on developing a uranium mine at the Tiris Uranium Project, a major greenfield uranium discovery in Mauritania. The February 2024 FEED study demonstrated Tiris to be a near-term low-cost 2Mlbs U3O8 pa near term uranium mine with a 17-year mine life with excellent economics and optionality to expand to accommodate resource growth.

Aura plans to transition from a uranium explorer to a uranium producer to capitalise on the rapidly growing demand for nuclear power as the world shifts towards a decarbonised energy sector.

Beyond the Tiris Project, Aura owns 100% of the Häggån Project in Sweden. Häggån contains a global-scale 2.5Bt vanadium, sulphate of potash ("SOP") and uranium resource. Utilising only 3% of the resource, a 2023 Scoping Study outlined a 27-year mine life based on mining 3.5Mtpa.