FEED Study – Curzon Offtake Restructuring

Aura Energy has announced a restructuring of their Curzon offtake agreement. The restructuring has significantly improved the contract terms for the Tiris project with both an increase in the price of the offtake and a reduction in the amount of material committed has reduced. Updating the company's FEED economics with the new offtake pricing results in a significant increase in revenue of $41M and increases the NPV8 to $388M from $366M. The IRR also increases by 2% to 36%. However, Curzon will

SP Angel Morning View: Global Li-ion battery demand reaches all-time in Q1 2024

SP Angel Morning View: Gold prices at $2,355/oz hold despite ETFs trimming holdings on profit taking, CPI today in focus

Hybridan Small Cap Feast - 9 April 2024

9th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Helix Exploration (HEX.L) a helium exploration company with operations in Montana, USA announces admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange. An Oversubscribed placing with book of demand over £22m to raise gross proceeds of

Hybridan Small Cap Feast - 18 Mar 24

18th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

SP Angel Morning View: China IP rose 7.0% yoy in Jan/Feb with High-tech manufacturing investment in aerospace vehicle and equipment rising 33.1% yoy

FEED Study – Further De-risks the Near Term, Low Cost project with Clear Scalability

FEED confirms Low Cost, Near term, High Value Project tailored for Scalability Last week Aura Energy announced the completion of the Front End engineering Design (“FEED”) for the Tiris Uranium Project in Mauritania. The FEED builds on the EFS released in Feb 2023, updating both technical and financial parameters. The results confirm the production rate of 2mlbs of U3O8, and delivers a base case post-tax NPV8 of $366m at U3O8 pricing of $80/lbs, which equates to 36pps. At spot pricing last week,

SP Angel Morning View: Gold holds higher levels ahead of US PCE inflation date

Hybridan Small Cap Feast - 26 Feb 24

26th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj

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A 10x Style Investment in the Current U3O8 Price Environment

As the uranium price settles around the $100/lb level (still with seemingly upward pressure) we revisit the Aura investment case. The company has released a couple of announcements so far this year. The first was on an Option Funding Agreement through which they have secured A$4.3m in cash. This will be used to finalise the FEED plan for flagship project Tiris in Mauritania – see fig.1 .The second was that CEO David Woodall had resigned and been replaced by Andrew Grove who is highly experienced

SP Angel Morning View: US Steel production rises as India takes up China surplus

SP Angel Morning View: Metals rally as traders continuing buying following surprise China rate cut