The ASX has granted a trading halt to Aura Energy (ASX: AEE) at the company's request, pending an announcement of capital raising details.
Aura has not yet mentioned where the potential new inflow of funds would be used, but last month the company announced a plans to define its first calcrete uranium resource in Mauritania in early 2011, after completing an extensive drilling campaign.
The drilling was designed to obtain sufficient information to estimate a JORC compliant resource for a portion of the company's exploration target, which comprises 40 to 60 million pounds of U3O8 at an average grade of 300 to 450 ppm.