Aurora Energy Metals (1AE) Q2 2025 TU earnings summary

Executive summary

• Option Agreement signed for sale of flagship uranium project to Eagle Energy Metals, with up to US$26 million in share consideration and a ~40% equity stake retained.

• Shareholders overwhelmingly approved the transaction, positioning the project for US-based development and incentives.

• Enhanced metallurgical test work achieved uranium recoveries exceeding 85%, up from 69% in the 2024 Scoping Study.

• Secured option over WA uranium exploration projects, expanding the portfolio with tenements showing uranium anomalies.

• Appointment of Warren Hallam as Non-Executive Director, adding over 35 years of mining experience.

Financial highlights

• Cash position of $0.9 million at 31 December 2024, with no debt.

• Received US$300,000 (~AU$460,000) option payment from Eagle Energy Metals post-period end.

• Quarterly operating cash outflow of $217,000 and investing outflow of $50,000.

• Estimated 3.4 quarters of funding available based on current cash and outgoings.

Outlook and guidance

• Focus on advancing Eagle’s US listing and meeting Option Agreement conditions.

• Further metallurgical test work planned to optimise recovery and processing costs.

• Commencement of exploration on WA uranium tenements, starting with landholder engagement and surface inspections.