It's been a big six weeks for one particular ASX minerals exploration company. The Aura Energy Ltd (ASX: AEE) share price has rocketed 34.2% since the close on 19 August to the present day.
But shares are struggling today and are currently down 3.17% to 30.5 cents.
Aura Energy is a minerals company exploring uranium, vanadium, gold and base metals. Some of its projects include the Tiris Uranium project and the Tasiast South Gold Project in Mauritania, northwest Africa.
There have been a few announcements made by the company amid its share price charting upwards. Let's cover the highlights.
Image source: Getty Images
What has the company announced?
On 6 September, Aura announced it had submitted a proposal to the National Authority for Radioprotection, Safety and Nuclear Security (ARSN) in Mauritania to help kickstart uranium production and export.
The proposal included draft key management plans that the ARSN will assess to potentially greenlight uranium production at the company's Tiris site and export uranium oxide concentrate from the country.
Aura Energy's acting CEO Will Goodall commented:
The establishment of ARSN is a positive outcome of the planning by the Mauritanian Government in preparation for becoming a uranium producing and exporting country. The ARSN authorisations framework provides a clear pathway for uranium production and export and, through the Government's close collaboration with the [International Atomic Energy Agency] IAEA, we are confident the process will be smooth and transparent.
And then, on 19 September, David Woodall was appointed as the company's managing director and CEO.
Woodall has held senior positions at other materials companies such as Rio Tinto Limited (ASX: RIO), Fortescue Metals Group Limited (ASX: FMG), and others.
Earlier in the year, Aura Energy was mentioned as part of a roundup post of ASX energy shares that billionaire John Hancock believes will benefit from the world's transition to cleaner energy sources and the rise in inflation.
Aura Energy share price snapshot
The Aura Energy share price is up 11% year to date and 78% over the past 12 months. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down 13% and 11%, respectively, over the same timeframes.
The company has a market capitalisation of around $159.50 million.
