Aurora Energy in trading halt pending announcement

Uranium hopeful Aurora Energy Metals (ASX:1AE) has requested a trading halt pending the release of an announcement.

The uranium mining company will remain in trading halt until 13 November 2023 or when the announcement is released to the market.

The request for a trading halt comes just ahead of Aurora’s annual general meeting, which will be held in Subiaco in Western Australia on 23 November 2023.

At the International Mining and Resources Conference (IMARC) in Sydney last week Managing Director Greg Cochran told attendees that the company’s flagship project, the Aurora Energy Metals Project (AEMP), is on a pathway to development.

Aurora plans to continue uranium Scoping Study work during the December 2023 quarter, including an ongoing metallurgical testwork program at ALS Metallurgy in Perth. 

The company will also conduct further mining and infrastructure-related trade-off studies. Project permitting will advance during the quarter with the planned completion of a biological survey.

Aurora has dedicated Q3 2023 to de-risking its namesake project in southern Oregon in the US as the uranium market continues to tighten and the spot price moves up. 

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Images: Aurora Energy Metals
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.