Near term producer once uranium prices rise.
Low capex to build the uranium mine prpcessing plant compared to other uranium companies.
Low all in sustaining costs for memory around $23 per pound vs average company around $50.
Near term catalysts:
- Definitive Feasibility Study for Mauritania. This will firm up fundamentals for the project.
- possible partial spin off or vanadium projet in Sweden
“Aura is fortunate to have two attractive, 100% owned, diversified, development stage assets with resources totalling 15.1 billion pounds of vanadium and 852 million pounds of uranium; positioning Aura to be a major producer in the years ahead. The near term project, the Tiris Uranium Project in Mauritania, is currently in the Feasibility Study stage and is a low capital expenditure project that can be brought on stream in a couple of years to provide near term cash flow to the company. The second asset, the Häggån Vanadium & Battery Metal Project, is a world class, strategic European polymetallic deposit located in Sweden with the potential to be a major supplier to northern European critical metals users.
Both projects have low operating costs and capital efficient development cost requirements stemming from innovative science and design. Aura is in this fortunate position because of the experience and technical strength of the management and operating team the Company has assembled.” Aura website
