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Canada's Aura Minerals prepares for Nasdaq listing, targets $2.1 billion valuation
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Canada's Aura Minerals prepares for Nasdaq listing, targets $2.1 billion valuation
Jul 7, 2025 3:50 PM

(Reuters) -Canadian gold and copper miner Aura Minerals is preparing to list its shares on the Nasdaq, the company said on Monday, in a move that could fetch the company a valuation of $2.14 billion.

The company is seeking to raise around $210 million, if it were to price its public offering of common shares near their July 4 closing price on the Toronto Stock Exchange.

Many foreign companies list in U.S. to secure higher valuations and tap deeper capital markets.

Uncertainty around U.S. President Donald Trump's tariff policies rattled investors and froze new listings, but sentiment is shifting as new listings gain momentum.

Proceeds from Aura's U.S. offering will be used for strengthening business, including incremental liquidity and financial flexibility to support its strategic growth initiatives.

Aura Minerals plans to sell 8.1 million shares, and expects to list on the Nasdaq under the symbol "AUGO".

Founded in 1946, the gold and copper mining company is focused on project development and operations in the Americas.

BofA Securities and Goldman Sachs are serving as global coordinators for the offering, while BTG Pactual and Itau BBA are acting as joint bookrunners.

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