A$20 million Placement

HIGHLIGHTS

§ Firm commitments received for successful A$20 million placement

§ Strong backing for placement from Australian and global institutional and sophisticated investors

§ Funds will be used for Tiris Uranium Project ('Tiris') development, FID readiness, exploration, resource definition and working capital

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is pleased to announce it has received firm commitments for gross proceeds of A$20 million placement ('Placement') through the issue of approximately 97.6 million fully paid ordinary shares ('Placement Shares') at an issue price of A$0.205 per share ("Placement Price"). The Placement was strongly supported by Australian and global institutional and sophisticated investors with demand in excess of funds sought.

Funds raised from the Placement will be applied to progressing the developmental activities at the Company's Tiris Uranium Project, FID readiness, exploration, resource definition and for general working capital purposes.

Aura Energy Executive Chair Philip Mitchell commented:

"We are delighted with the strong support for the Placement and welcome a number of highly credentialled Australian and offshore institutional investors to the register. On behalf of the Board, I would also like to thank our existing shareholders for their ongoing support.

It is an exciting time to have exposure to the uranium market. Uranium was added back to the Critical Minerals List by the U.S. Geological Survey in November, the US Government and Westinghouse Electric's owners have agreed to build at least US$80 billion worth of nuclear reactors and growth in artificial intelligence data centres has driven an increase in U.S. power demand for the first time in two decades.

The Placement also comes at an exciting juncture in the Company's history, with the recently announced Häggån transaction. The intended transaction allows Häggån to be developed through a separate vehicle, intended to be listed on TSX, with Aura maintaining material exposure through a 78.7% investment. This is strengthened by Sweden's recent legislative changes allowing the mining of uranium reflecting how European economies are positioning nuclear as core to their clean-energy future and global demand driving uranium prices to a two year high this week, to over $US100 a pound.

The Company will direct the proceeds from this Placement to the development of Tiris in Mauritania as we work through optimizing the flow-sheet, targeting FID in Q3 2026. We look forward to putting investors' funds to work and continuing to update the market with further progress."

Placement summary

The Placement Price represents a 14.6% discount to the last closing price on ASX and a 6.2% discount to the five-day volume weighted average trading price on ASX to 29 January 2026.

The Placement Shares will, upon their issue, each rank equally with existing fully paid ordinary shares of no-par value in Aura ('Ordinary Shares'). A total of 97,560,976 Placement Shares will be issued under the Placement, 88,996,493 without shareholder approval in accordance with ASX Listing Rule 7.1A and 8,564,483 without shareholder approval in accordance with ASX Listing Rule 7.1.

The Placement Shares are expected to settle on 9 February 2026 and be issued on or around 10 February 2026. The Placement was not underwritten.

Admission to trading on AIM

Application will be made for the 97,560,976 Placement Shares to be admitted to trading on AIM ('Admission') and is expected that admission will become effective on or around 10 February 2026.

Total Voting Rights

Following the Admission, the total issued share capital of the Company will consist of 1,017,440,437 Ordinary Shares. The Company does not hold any shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 1,017,440,437 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Not an offer in the United States:

Authorisation for release

This announcement is authorised for release by the Board of Aura Energy Ltd.

This announcement is intended to lift the trading halt that was placed over the shares in the Company by ASX on 30 January 2026.

All dollar amounts are in Australian dollars unless otherwise indicated.

596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon the publication of this Announcement, the inside information is now considered to be in the public domain.

Petra Capital Pty Limited acted as Sole Lead Manager and Sole Bookrunner to the Placement.

About Aura Energy (ASX: AEE, AIM: AURA)