Aura Energy Limited (AURA): Häggån transfer to SIU Metals

This situation live

£44m · 3.8p · −60% since the first step

23 Jan 2026 · Binding agreement signed; financing due February 2026 · +0% until the next step Financing is expected to complete in February 2026, with the transaction expected to complete in June 2026

Disposal of a part (break-up)

Häggån transfer to SIU Metals

Completion deferred (announced 12 Mar 2026)

Next: Outcome of Swedish alum shale inquiry and market conditions

Every step · 4

23 Jan 2026 Binding agreement signed; financing due February 2026 – Financing is expected to complete in February 2026, with the transaction expected to complete in June 2026 ↗
30 Jan 2026 Binding agreement signed; completion expected June 2026 – Aura will retain 78.7% ownership of SIU Metals, the strategic investors will own 19.7% after contributing C$10 million via a private placement, and other... ↗
13 Mar 2026 Binding agreement signed; awaiting completion – Aura will rename SIU Metals and appoint new officers and directors on closure of the transaction, which is expected in June 2026. ↗
30 Apr 2026 Completion deferred (announced 12 Mar 2026) – As announced on 12 March 2026, the Company deferred completion of the Haggan project transaction pending the outcome of the Swedish government inquiry into... ↗

What is happening

Aura Energy Limited: Häggån transfer to SIU Metals – Completion deferred (announced 12 Mar 2026). ['Completion deferred (announced 12 Mar 2026)']

In short: On 23 January 2026 Aura signed a binding agreement to move Häggån into SIU Metals, with investors paying C$10m for 19.7% (C$50m valuation). On 12 March 2026 Aura deferred completion, previously expected in June 2026, pending the alum shale inquiry and better markets. It keeps 100% of Häggån.
Announced: 23 Jan 2026 · Binding agreement signed; financing due February 2026
Latest: 30 Apr 2026 · Completion deferred (announced 12 Mar 2026)
Valuation: C$50m (A$55m) set on 23 January 2026
Aura stake: 78.7% of SIU Metals
Investors: 19.7% for C$10m; others 0.6%; existing holders 1%
Timetable: Completion expected June 2026; TSXV listing sought
Investor funding: C$10m for 19.7%
Status: Completion deferred 12 March 2026; Aura retains 100% of Häggån
Conditions: Outcome of alum shale inquiry; improved general market conditions

Outcome of Swedish alum shale inquiry and market conditions.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

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