11:50 AM EDT, 07/16/2025 (MT Newswires) -- (Updates shares.)

Aura Minerals ( ORAAF ) late on Tuesday priced its U.S. initial public offering of 8.1-million shares at US$24.25 per share.

With the offering, the company aims to transfer its principal listing to the Nasdaq Global Select Market, which it expects will boost liquidity and diversify the shareholder base. Shares will trade under the AUGO symbol.

Proceeds from the offering will fund the upfront cash payment for the acquisition of Mineracao Serra Grande and provide liquidity to advance development projects and exploration initiatives. The rest will be used for general corporate purposes.

The offering is expected to settle by July 17, subject to customary closing conditions. Aura granted underwriters a 30-day option to purchase up to an additional 1.2-million shares at the offering price.

Aura shares were last seen down $1.46 to $33.96 on the Toronto Stock Exchange.

Price: 34.00, Change: -1.42, Percent Change: -4.01