Phase 1 Convertible Note · Closing 30 June 2026
The CCZ seabed holds more
nickel, cobalt, and copper
than all land reserves combined.
No African nation has ever sponsored an ISA exploration contract.
Aurea Ora is changing that — with Ghana, $1.25M, and August 2026.
$1.25M
Phase 1 Note
#1 / 90
CCZ blocks screened
300×
Prob.-weighted return
H2 2027
Nasdaq SPAC target
Aurea Ora has identified the #1 available block in the Clarion-Clipperton Zone — screened from 90 candidates using four independent geological dimensions. The BETA block holds an estimated 45–90 million tonnes of polymetallic nodules at 4,000–5,500m depth, rich in the four metals that power the battery transition: nickel, cobalt, copper, and manganese.
Phase 1 is a $1.25M convertible note that funds the ISA application, an 8-station box core survey departing August 2026, and a CRIRSCO Inferred Resource estimate — the trigger for a Nasdaq SPAC listing targeted H2 2027 at $300M–$1B pre-money.
01 — The Asset
Ghana-Sponsored ISA Contract
First African sovereign to sponsor a CCZ exploration contract. UK, Germany, Japan, South Korea, Belgium, China, and Singapore already hold blocks. Ghana captures the diplomatic and financial upside of the last first-mover window.
02 — The Structure
Phase 1 Convertible Note
$1.25M note · 6% p.a. · converts at $10M cap → 12.5% equity. Gate fail = $500K escrow returned (60¢ floor). Locked until SPAC listing (H2 2027), then 6-month post-listing lock-up. Free to sell ~H1 2028.
03 — The Exit
Nasdaq SPAC · H2 2027
Post-campaign CRIRSCO Inferred Resource triggers SPAC listing. Comparable: TMC listed at $2.4B pre-money in 2021. AORA targets $300M–$1B BASE case. Angel's 12.5% stake = $37.5M at $300M listing · $125M at $1B.
Full Investment Study
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The full study covers the asset in detail: screener methodology, valuation scenarios, risk register, use of proceeds, team, and the full CCZ contractor landscape.
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