02:24 PM EST, 11/20/2025 (MT Newswires) -- Aurania Resources ( AUIAF ) on Thursday said it plans a non-brokered private-placement of share units for total gross proceeds to the company of up to $1.5 million.

The company will issue up to 12.5-million units at a price of $0.12 each and made up of a share and a two-year warrant to buy a share for $0.25.

The company added it is reserving the right to increase the size of the offering by up to 25%, or 3.12-million units, for additional gross proceeds of up to C$375,000.

Certain directors and officers of the company are expected to acquire units under the offering.

The company plans to use the net proceeds from the offering primarily for the preliminary economic assessment by international consultancy firm SRK on the Balangero tailings retreatment project in Italy, exploration programs at the company's mineral properties, and for general working capital purposes.

The company's shares were last seen down $0.015 to $0.14 on the TSX Venture Exchange.

Price: 0.14, Change: -0.02, Percent Change: -12.90