Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Energy Resources of Australia Ltd (ERA) has concluded its shortfall bookbuild for a non-underwritten entitlement offer, raising AUD $766.5 million to support the Ranger Project Area’s rehabilitation efforts. Despite no bids for the shortfall shares at the offer price, shareholders applied for additional shares, which will start trading on the ASX on 22 November 2024. This funding aims to sustain ERA’s rehabilitation activities until the third quarter of 2027.
For further insights into AU:ERA stock, check out TipRanks’ Stock Analysis page.