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Aura to Voluntarily Delist from Toronto Stock Exchange
Ormat TechnologiesOrmat Technologies(US:ORA) GlobeNewswire News Room·2025-09-08 10:00

Core Viewpoint - Aura Minerals Inc. has received approval for the voluntary delisting of its common shares from the Toronto Stock Exchange (TSX), effective September 25, 2025, while continuing to trade on the Nasdaq and B3 [1][2]. Group 1: Delisting Details - The decision to delist from the TSX follows the listing of common shares on Nasdaq on July 16, 2025, aimed at consolidating trading in the U.S. equity market to enhance stock liquidity [2]. - The delisting is also influenced by the ongoing fees and expenses associated with maintaining a TSX listing, alongside the availability of an alternative market on Nasdaq [2]. - The TSX does not require shareholder approval for the voluntary delisting, as an acceptable alternative market will exist on the date of delisting [3]. Group 2: Impact on Shareholders - Holders of common shares in Canadian brokerage accounts are advised to contact their brokers to confirm trading procedures on Nasdaq post-delisting [3]. - The rights of holders of Brazilian Depositary Receipts (BDRs) listed on B3 will remain unaffected, as they will continue to be supported by common shares listed on Nasdaq [2]. Group 3: Company Overview - Aura Minerals is focused on the development and operation of gold and base metal projects in the Americas, with five operating assets including gold and copper mines in Honduras, Brazil, and Mexico [6]. - The company emphasizes a holistic approach to mining, termed "360° Mining," which considers the impact on all stakeholders [5].