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The latest announcement is out from Energy Resources of Australia Class A ( (AU:ERA) ).
Energy Resources of Australia reported that Rio Tinto, which now holds more than 98% of its shares, is pursuing compulsory acquisition of the remaining minority stake, but the process has been delayed after more than 10% of affected shareholders objected, triggering a Federal Court review scheduled for February 2026. Operationally, ERA continues progressive rehabilitation of the Ranger Project Area, spending about $59 million in the December quarter and holding $58 million in cash and $540 million in other financial assets at year-end, but it is facing technical delays and heightened cost and schedule risks related to dry capping of Pit 3 and higher-than-expected process water volumes, even as water treatment performance outpaces plan in some areas and new regulatory authority has been secured to complete rehabilitation and long-term monitoring.
The most recent analyst rating on (AU:ERA) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Energy Resources of Australia Class A stock, see the AU:ERA Stock Forecast page.
More about Energy Resources of Australia Class A
Energy Resources of Australia (ERA), majority owned by Rio Tinto, operates in the uranium mining and rehabilitation sector, historically focused on the Ranger uranium mine in the Northern Territory. With mining activities ceased, the company’s core operations are now centred on environmental rehabilitation, long-term site monitoring and closure of the Ranger Project Area, a critical legacy asset in Australia’s uranium industry.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.22B
See more insights into ERA stock on TipRanks’ Stock Analysis page.