• Tiris processing flowsheet finalized, pilot plant to start in October 2026
• MOU signed with a major nuclear utility for potential equity investment
• Swedish Parliament removes uranium mining from nuclear regulation
• Cash reserves at A$16.0 million as of June 30, 2026
• Anticipated increase in net operating and exploration expenditure in Q3 2026

Aura Energy Limited reported its activities for the June 2026 quarter, highlighting significant progress on its Tiris Uranium Project in Mauritania and its Häggån Polymetallic Project in Sweden. The Tiris project's processing flowsheet has been finalized, and the pilot plant is expected to start operations in October 2026. Additionally, Aura signed a non-binding Memorandum of Understanding (MOU) with a major international nuclear utility on June 2, 2026, covering potential equity investment, long-term offtake, and technical collaboration. The Swedish Parliament voted to remove uranium mining from nuclear regulation on June 11, 2026, aligning it with other minerals. Aura held A$16.0 million in cash as of June 30, 2026, with planned activities including completing the Bankable Feasibility Study (BFS) and advancing funding options. The company anticipates increased expenditure in the September quarter.

Aura Energy expects to complete the BFS and increase expenditure in Q3 2026.

Aura aims to safely and responsibly bring the Tiris Uranium Project into production and unlock the value of the Häggån asset, participating in the rebirth of Sweden's nuclear industry.