Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.
Energy Resources of Australia Ltd. (ERA) announces that the Takeovers Panel has declined to intervene in the shareholders’ application against its $880 million Entitlement Offer, allowing the company to proceed with its fundraising efforts. Meanwhile, ERA reports a decrease in available cash from $128 million to approximately $86 million since June 30, 2024. The company continues to focus on the sustainable rehabilitation of its former uranium mine assets and acknowledges the traditional land custodians in its ongoing Ranger Rehabilitation Project.
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