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Aurora Energy Metals

Aurora Energy Metals

ASX:1AE

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Uranium

Uranium is a heavy metal that has been used as an abundant source of concentrated energy for over 60 years.

Nuclear provides safe and reliable, emissions free baseload power and is a key pillar in the clean energy transition. Nuclear power is important to achieve net zero goals.

About 10% of the world’s electricity is generated from uranium in nuclear reactors. This amounts to over 2500 TWh each year, as much as from all sources of electricity worldwide in 1960.

In 2023, Uranium was the world’s best performing commodity, with the spot uranium price increasing by over 70% during the course of the year.

The increase was primarily driven by two major themes – the key role that nuclear energy will play in the world’s quest to reduce emissions and decarbonise, and the widening gap between uranium supply and demand. 2023 was the sixth consecutive year of supply deficit in the uranium industry and it can no longer rely on inventory drawdowns for its nuclear fuel requirements.

Emmanuel Macron recently announced a renaissance for the French Nuclear Industry:

‘What our country needs is the rebirth of France’s nuclear industry’

Demand

A landmark agreement was reached at COP28 in December 2023, which saw 22 world leaders sign a declaration to triple nuclear energy by 2050 and was described by Forbes as “Nuclear Power’s Pivotal Moment”. Further, the House of Representatives in the USA passed “The Prohibiting Russian Uranium Imports Act” in December 2023 which will further increase the demand for domestically produced uranium. The passing of this Bill in conjunction with the USA’s Inflation Reduction Act and COP 28’s commitment creates a favourable fiscal environment in which to be bringing a project like the AUP online.

Supply

In the USA there is an ever-growing need for a sustainable domestic supply source. The United States boasts the largest nuclear power fleet worldwide and nuclear energy is a critical component of the country’s energy mix, generating 50% of the USA’s low carbon/emissions-free electricity, highlighting its significance in combating climate change. Nuclear energy enjoys bipartisan support and has reached its highest level of public backing to date, underlining the widespread recognition of its benefits. Given these factors, there is an urgent need to revitalise the US nuclear supply chain to ensure the nation’s energy security and environmental objectives are met. The Company expects this heightened focus on domestic uranium production to not only expedite the development of USA uranium projects like AUP, but also likely garner Department of Energy support for financing new mines, thereby enhancing domestic uranium production for nuclear fuel.

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Suite 1, 245 Churchill Avenue Subiaco, WA 6008
PO Box 162, Subiaco WA 6904

Phone: 08 6465 5500
Email: moc.s1748013960latem1748013960ygren1748013960earor1748013960ua@of1748013960ni1748013960

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Download prospectus*
Share Offer Prospectus

Aurora Energy Metals Limited has lodged a prospectus with ASIC on 29 March 2022 to raise $8,000,000 at 20 cents per share ("Prospectus"). The Company will seek to list on the Australian Securities Exchange.

IMPORTANT INFORMATION

This is an important document that should be read in its entirety. If you do not understand it you should consult your professional adviser without delay.

The Offer

The Offer comprises:

(a) the Institutional Offer, which consists of an offer to Institutional Investors in Australia to apply for Shares; and
(b) the Broker Firm Offer, which is open to Australian resident retail clients of Brokers and other selected retail clients who receive a firm allocation of Shares from the Lead Manager or a Broker.

No offer of Shares to the general public will be made under the Offer.

For a printed copy of the Prospectus, click here to request a copy to be mailed to you.

Closing Date

Anticipated closing date for the Offer is 26 April 2022.

The Company reserves the right to vary this date without prior notice.

Investors are encouraged to submit their relevant application form as soon as possible.

Expiry Date

The expiry date of the Prospectus is 13 months after the lodgement date.

WARNING:

For legal reasons, the information and electronic Prospectus provided by this website is available to persons accessing this website from within AUSTRALIA ONLY. If you are accessing this website from anywhere outside Australia, please DO NOT download the electronic Prospectus accessible through this website.

This Prospectus does not constitute an offer of securities in any jurisdiction where, or to any person to whom, it would not be lawful to issue the Prospectus or make the offer. It is the responsibility of any applicant outside Australia to ensure compliance with all laws of any country relevant to their applications, and any such applicant should consult their professional advisers as to whether any government or other consents are required, or whether any formalities need to be observed to enable them to apply for and be allotted any securities.

No action has been taken to register or qualify the securities or the Offer or otherwise to permit a public offering of the securities in any jurisdiction outside Australia.

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