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The latest announcement is out from Energy Resources of Australia Ltd. Class A ( (AU:ERA) ).
Rio Tinto has initiated the compulsory acquisition of the remaining shares of Energy Resources of Australia Ltd. (ERA) as part of its consolidation efforts. During the March 2025 quarter, ERA focused on the progressive rehabilitation of the Ranger Project Area, with significant investments in environmental restoration. The company is working to extend its Section 41 Authority beyond January 2026 to ensure the completion of rehabilitation activities. The announcement highlights the ongoing legal proceedings regarding the Jabiluka Mineral Lease and the company’s financial transactions with related parties.
More about Energy Resources of Australia Ltd. Class A
Energy Resources of Australia Ltd. (ERA) is a member of the Rio Tinto Group, operating primarily in the uranium mining industry. The company is focused on the rehabilitation of the Ranger Project Area, having ceased mining operations, and is working towards completing environmental restoration and securing necessary regulatory approvals to extend its rehabilitation authority.
Technical Sentiment Signal: Buy
Current Market Cap: $519.6M
Learn more about ERA stock on TipRanks’ Stock Analysis page.