Published 8 months ago

Aura Secures Additional US$31 million in Financing and Announces Fully Funded Construction for the Borborema Project - Aura Minerals (OTC:ORAAF)

Summary by Ground News

Aura Minerals Inc. has entered into an agreement with Gold Royalty Corp. to secure US$31 million in financing to develop the Borborema Project. The US$21 million net smelter return royalty is composed of a US$10 million gold-linked loan (the "Gold-Linked Loan") Aura, through its subsidiaries, has now secured over US$145 million towards construction.

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Benzinga

Aura Secures Additional US$31 million in Financing and Announces Fully Funded Construction for the Borborema Project - Aura Minerals (OTC:ORAAF)

ROAD TOWN, British Virgin Islands, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX:ORA, OTCQX:ORAAF) ("Aura" or the "Company") is pleased to announce that Borborema Inc. ("Borborema"), a wholly owned subsidiary and indirect owner of the Company's Borborema gold project in Rio Grande do Norte State, Brazil (the "Borborema Project"), has entered into an agreement with Gold Royalty Corp. ("Gold Royalty") to secure US$31 million in finan…

8 months ago·New York, United States

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Kitco NEWS

Aura says Borborema construction fully funded with $31M injection from Gold Royalty

(Kitco News) - Gold producer Aura Minerals (TSX: ORA) announced today that construction of its Borborema project in Brazil is now fully funded after the company secured US$31 million in additional financing.

8 months ago

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Aura Secures Additional US$31 million in Financing and Announces Fully Funded Construction for the Borborema Project - Aura Minerals (OTC:ORAAF)

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Aura Secures Additional US$31 million in Financing and Announces Fully Funded Construction for the Borborema Project - Aura Minerals (OTC:ORAAF)

Aura Secures Additional US$31 million in Financing and Announces Fully Funded Construction for the Borborema Project - Aura Minerals (OTC:ORAAF)

Aura says Borborema construction fully funded with $31M injection from Gold Royalty

Aura says Borborema construction fully funded with $31M injection from Gold Royalty

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