Aura Energy Limited has entered into a binding agreement to transfer 100% of its shares in VBM to a Canadian unlisted reporting issuer, which will subsequently become the continuing reporting issuer and own the Häggån Project. As consideration, Aura will receive common shares of the company, resulting in Aura holding approximately 78.7% of the outstanding common shares of the company on an undiluted basis (and approximately 71.1% on a fully diluted basis) following the completion of the transaction and a concurrent C$10.35 million financing. The proceeds from the financing are earmarked for advancing and permitting the Häggån Project, supplementary drilling on surrounding tenements including the newly granted Gräsmyråsen tenement, working capital, and transaction costs. The company will also undergo a share consolidation, change its name as determined by Aura, and appoint new officers and directors with mining industry expertise. An investor rights agreement will grant Aura registration, equity participation, and information sharing rights in the resulting issuer, subject to certain ownership thresholds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aura Energy Limited published the original content used to generate this news brief via CNW (Ref. ID: C4844) on January 22, 2026, and is solely responsible for the information contained therein.