Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.
Energy Resources of Australia Ltd. (ERA) has announced a delay in the timeline of its $880 million entitlement offer, following a Takeovers Panel review application by Zentree Investments and Packer & Co. The Independent Board Committee will release a revised schedule after the review outcome, maintaining its commitment to keeping shareholders informed. The company, a major uranium producer until 2021, is now focused on sustainable rehabilitation of its former mine assets.
For further insights into AU:ERA stock, check out TipRanks’ Stock Analysis page.
