06:43 AM EDT, 07/18/2025 (MT Newswires) -- Aura Minerals ( AUGO ) late on Thursday said it has closed its U.S. initial public offering of 8.1 million common shares at US$24.25 each.

Aura plans to use the proceeds to fund the component of the upfront cash payment for the Mineracao Serra Grande acquisition and provide liquidity to execute growth initiatives, including advancing projects such as Era Dorada and Matupa and exploration initiatives. The remainder will be used for general corporate purposes.

Aura expects the transfer of its primary listing venue to boost the liquidity of its common shares and strengthen its shareholder base.

The company's common shares began trading on the Nasdaq Global Select Market under the ticker symbol "AUGO" on Wednesday.

Aura also granted the underwriters a 30-day option to buy up to an additional 1.2 million common shares at the public offering price.