Aura Announces Pricing of U.S. Initial Public Offering

Rhea-AI Summary

Aura Minerals (ORAAF) has announced the pricing of its U.S. Initial Public Offering, offering 8,100,510 common shares at US$24.25 per share. The company's shares will begin trading on the Nasdaq Global Select Market under the ticker symbol "AUGO" on July 16, 2025.

The IPO aims to transfer Aura's principal listing to the U.S. market to increase share liquidity and diversify its shareholder base. Proceeds will fund the acquisition of Mineração Serra Grande S.A. (MSG), advance development projects like Era Dorada and Matupá, support exploration initiatives, and provide additional financial flexibility.

The underwriters have a 30-day option to purchase up to 1,215,077 additional shares. BofA Securities and Goldman Sachs are serving as Global Coordinators for the offering, which is expected to settle around July 17, 2025.

Positive

• Strategic U.S. listing expected to increase share liquidity and broaden investor base
• Proceeds will fund strategic acquisition of MSG and development projects
• Strong underwriting team including major financial institutions
• Listing on prestigious Nasdaq Global Select Market

Negative

• Potential dilution for existing shareholders
• No pre-emptive rights for Brazilian Depositary Receipt holders

Insights

Capital Markets Specialist

Aura Minerals' $196M U.S. IPO strengthens capital position, enhances liquidity, and funds MSG acquisition while supporting growth projects.

Aura Minerals has priced its U.S. IPO at $24.25 per common share for 8,100,510 shares, raising approximately $196.4 million before considering the additional 1,215,077 shares that may be purchased through the underwriters' option. This IPO represents a strategic financial maneuver with several key objectives.

The company is executing a calculated transition from its current listings on the Toronto Stock Exchange (TSX), B3 (Brazil), and OTCQX to include a primary listing on the Nasdaq Global Select Market under the ticker symbol "AUGO" starting July 16. This move to the more liquid U.S. markets should enhance trading volume and potentially improve share price discovery.

The capital raise serves multiple strategic purposes: (1) funding the upfront cash component for the acquisition of Mineração Serra Grande (MSG), (2) providing liquidity for advancing development projects like Era Dorada and Matupá, and (3) supporting exploration initiatives to expand mineral reserves. This three-pronged approach balances immediate acquisition needs with longer-term growth initiatives.

The global syndicate of underwriters—led by BofA Securities and Goldman Sachs as Global Coordinators—signals strong institutional backing. The offering is structured to comply with various jurisdictional requirements, including specific provisions regarding Brazilian Depositary Receipts holders and Canadian accredited investors, demonstrating the cross-border complexity of Aura's shareholder base.

This IPO reflects a mining company seeking to strengthen its financial foundation while simultaneously pursuing growth through both acquisition (MSG) and organic development (Era Dorada and Matupá projects). The strategic decision to list on Nasdaq positions Aura to access deeper capital markets at a time when executing its growth initiatives requires substantial funding.

ROAD TOWN, British Virgin Islands, July 15, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) today announced that it has priced its U.S. initial public offering of 8,100,510 common shares at a public offering price of US$24.25 per common share.

The principal purposes of this offering are to transfer Aura’s principal listing venue to a stock exchange in the United States equity market, which the Company believes will increase the liquidity of its common shares, as well as strengthen and diversify its shareholder base through broader access to global capital markets.

In addition to the listing, Aura intends to use the net proceeds from the offering to continue strengthening its business, which includes (A) funding the component of the upfront cash payment for the acquisition of Mineração Serra Grande S.A. (“MSG”), upon and subject to closing, and any potential incremental capital expenditures required at MSG, as well as (B) providing incremental liquidity and financial flexibility to support the execution of its current strategic growth initiatives, including, but not limited to: (i) the potential advancement of its current development projects, such as Era Dorada and Matupá; and (ii) exploration initiatives to expand mineral reserves and resources of its portfolio, and (C) the remainder for general corporate purposes.

The Company’s common shares have been approved for listing on the Nasdaq Global Select Market and will start trading on July 16, 2025 under the ticker symbol “AUGO”. The offering is expected to settle on or about July 17, 2025, subject to customary closing conditions. In connection with the offering, Aura has granted to the underwriters a 30-day option to purchase up to an additional 1,215,077 common shares at the public offering price, less underwriting discounts and commissions.

BofA Securities and Goldman Sachs & Co. LLC are acting as Global Coordinators, BTG Pactual and Itaú BBA are acting as Joint Bookrunners and Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets and Scotiabank are acting as Co-Managers of the offering.

The offering is being made in the United States only by means of a prospectus. Copies of the prospectus related to the offering may be obtained, when available, from BofA Securities, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department.

A registration statement relating to this offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This communication to the market shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Shareholders’ preemptive rights in new shares issuances, such as the offering, are expressly excluded pursuant to the Company’s memorandum and articles of association. There will be no pre-emptive right for the Brazilian Depositary Receipts holders in connection with the public offering.

The offering will not be carried out by any means that would constitute a public offering in Brazil under Law No. 6,385, dated December 7, 1976, as amended, and under Brazilian Securities Commission (“CVM”) Resolution (Resolução) No. 160, dated July 13, 2022, as amended (“CVM Resolution 160”). The offering has not been and will not be registered with the CVM in Brazil. The common shares may not be offered or sold in Brazil except in circumstances which do not constitute a public offering for distribution under Brazilian securities laws and regulations.

No prospectus has been filed with any securities commission or similar regulatory authority in Canada in connection with this offering. The offering will not be made available to the public in Canada. Any offering into Canada will be made exclusively by way of a private placement pursuant to an exemption from the prospectus requirements of applicable Canadian provincial and territorial securities laws and is subject to receipt of approval from the TSX. In Canada, only investors purchasing, or deemed to be purchasing, as principal that are accredited investors (as defined in National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario)) and are permitted clients (as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations) are eligible to invest.

About Aura 360° Mining

Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.

Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The Company's five operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, and Borborema gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the Company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupá, which is under development; São Francisco, which is in care and maintenance; and the Carajás copper project in the Carajás region, in the exploration phase.

Caution Regarding Forward-Looking Information and Statements

This press release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws and/or "forward-looking statements" within the meaning of applicable United States securities laws (collectively, "forward-looking statements"). Forward-looking statements relate to future events or future performance and reflect the Company’s current estimates, predictions, expectations or beliefs regarding future events and include, without limitation, statements with respect to: statements relating to the public offering of the Company’s common shares; the expected timing of the public offering; the registration and listing of the Company’s common shares in the United States; the means by which the offering will be made; and the Company’s business strategies. Often, but not always, forward-looking statements may be identified by the use of words such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements in this press release are based upon, without limitation, the following estimates and assumptions: the Company carrying out its public offering; the Company successfully completing the SEC review process; obtaining requisite regulatory approvals; and general business, economic and market conditions.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Important factors that may cause actual results to vary, include, without limitation, that the Company may not carry out its public offering or complete the SEC review process. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

The Company does not undertake to update any forward-looking statement or forward-looking information, except in accordance with applicable securities laws.

Investor Relations

ri@auraminerals.com

FAQ

What is the IPO price for Aura Minerals (ORAAF) shares?

Aura Minerals has priced its U.S. IPO at US$24.25 per common share, with a total offering of 8,100,510 common shares.

When will Aura Minerals start trading on Nasdaq?

Aura Minerals will begin trading on the Nasdaq Global Select Market on July 16, 2025 under the ticker symbol 'AUGO'.

How will Aura Minerals use the IPO proceeds?

The proceeds will be used to fund the acquisition of Mineração Serra Grande S.A. (MSG), advance development projects like Era Dorada and Matupá, support exploration initiatives, and provide additional financial flexibility.

Who are the underwriters for Aura Minerals' U.S. IPO?

BofA Securities and Goldman Sachs are acting as Global Coordinators, with BTG Pactual and Itaú BBA as Joint Bookrunners, and Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets and Scotiabank as Co-Managers.

How many additional shares can underwriters purchase?

Underwriters have a 30-day option to purchase up to 1,215,077 additional common shares at the public offering price, less underwriting discounts and commissions.