https://newsletter.mw.creamermedia.com
Energy|Engineering|Mining|PROJECT|Projects|Water
Energy|Engineering|Mining|PROJECT|Projects|Water
energy|engineering|mining|project|projects|water

Aura starts dual funding workstreams to garner debt, strategic financing for Tiris

Drilling on the Tiris project, in Mauritania

Drilling on the Tiris project, in Mauritania

3rd June 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

ASX- and Aim-listed Aura Energy has started two funding workstreams to underpin the development of the Tiris uranium project, in Mauritania.

The company aims to secure an integrated funding solution to advance the project to production.

Aura has appointed debt adviser Orimco to arrange debt funding for Tiris, and engaged Macquarie Capital, in Australia, to progress a strategic investment process.

Orimco has extensive experience in arranging debt financing for West African mining projects, including in Mauritania, while Macquarie is versed in managing strategic investments.

A front-end engineering study on the project recently highlighted the project’s net present value of $388-million and internal rate of return of 36%.

The company says it has received strong inbound interest from credentialled debt providers and strategic investors who recognise the potential undeveloped future value at Tiris.

Through a dual funding workstream, Aura aims to deliver an optimal funding package, derisk development of Tiris, optimise equity requirements and maximise the value of Tiris for shareholders.

Aura plans to make the final investment decision on the project by late this year or early 2025, which will depend on arrangements with key offtake partners, financing for project development, government development consents and early work commitments on water and electricity realising.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.82 0.924s - 144pq - 2rq
Subscribe Now