Uranium miner Aura Energy to list on the Aim market

 
Jessica Morris
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Most nuclear power plants use uranium as fuel (Source: Getty)

Aura Energy announced today it it's seeking a dual-listing on London's junior market, to help it meet an anticipated rise in the world's demand for nuclear energy.

The uranium mining firm, which is already listed on the Australian Securities Exchange, wants to raise its profile and attract European investors.

Read more: Companies aim away from junior market flotations amid Brexit uncertainty

The proceeds will go towards the development of its Tiris uranium project, general working capital and the costs of placing and admission.

The company did not say how much it hopes to raise from the listing.

Read more: Italian PR outfit sets sights on UK with plans to float on Aim

Peter Reeve, executive chairman of Aura, said: “There has been little new investment into the uranium sector, yet the world’s energy needs are growing exponentially.”

“Aura intends to help balance this supply deficit by developing uranium projects for the nuclear energy sector.”

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