The mining company Aura Energy, active in Mauritania on the Tiris uranium project, announced on Wednesday 3 May that it had raised 10 million Australian dollars through a stock offering.

Les autorités Mauritanians signed mining agreements with Aura Energy on the Tiris uranium project in February 2023. The project should go into production within two years according to the schedule planned by the company. This is to be able to take advantage of the good market prospects. According to Philip Mitchell, head of the company, the objective of this work is to ensure that the project will be ready to be developed at the right time to take advantage of favorable market conditions. According to the final optimized feasibility study published at the end of March, the development of the project will require an initial capital of $87.9 million plus an additional capital of $90.3 million to produce 2 million pounds of uranium oxide annually