Aura Energy entered into option funding agreements, raising $4.3 million for its Tiris Uranium Project.
The funds come from the exercise of approximately 82.5 million listed options expiring on June 30. Lind Partners, a significant company shareholder, will provide $2.2 million of funding.
The Tiris Uranium Project is estimated to contain 113Mt at 236ppm U3O8 containing 58.9 Mlbs U3O8.
A recent feasibility study increased the project's net present value, and future exploration is expected to lift the resource categorisation.