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Energy Resources of Australia Class A
(OTC:ERA)
Energy Resources of Australia Class A (ERA) vs. iShares MSCI Australia ETF (EWA)
Energy Resources of Australia Class A Business Overview & Revenue Model
Energy Resources of Australia Class A Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 36.35M | 34.18M | 35.55M | 190.35M | 242.46M | Gross Profit |
| 35.88M | 33.08M | -171.41M | -640.07M | 24.57M | EBIT |
| -136.20M | 18.84M | -179.44M | -657.28M | -2.55M | EBITDA |
| -135.06M | 18.74M | 8.38M | -627.51M | 40.47M | Net Income Common Stockholders |
| -245.97M | -1.39B | -160.55M | -650.21M | 11.46M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 791.33M | 216.95M | 87.12M | 163.87M | 204.35M | Total Assets |
| 1.35B | 828.80M | 679.77M | 855.93M | 1.00B | Total Debt |
| 385.00K | 680.00K | 13.22M | 93.00K | 1.77M | Net Debt |
| -330.95M | -216.27M | -73.90M | -163.78M | -202.58M | Total Liabilities |
| 2.46B | 2.46B | 1.28B | 1.30B | 785.57M | Stockholders Equity |
| -1.11B | -1.63B | -603.66M | -442.42M | 214.58M |
| Cash Flow | Free Cash Flow | |||
| -184.02M | -223.32M | -147.19M | -37.98M | -19.47M | Operating Cash Flow |
| -183.95M | -223.25M | -146.96M | -37.93M | -19.28M | Investing Cash Flow |
| -459.69M | 1.27M | 59.28M | -43.00K | -454.19M | Financing Cash Flow |
| 758.00M | 351.81M | 10.94M | -2.51M | 469.23M |
Energy Resources of Australia Class A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | $7.22B | 3.16 | -4.49% | 5.63% | 0.82% | -49.15% | |
57 Neutral | £242.96M | 236.96 | 1.19% | ― | ― | ― | |
54 Neutral | AU$1.29B | ― | -1.42% | ― | -97.09% | 49.32% | |
45 Neutral | $2.55B | 28.42 | -1.76% | ― | ― | -119.85% | |
43 Neutral | $509.70M | ― | -4.30% | ― | ― | 22.46% | |
41 Neutral | £123.22M | ― | -30.40% | ― | ― | -108.51% | |
34 Underperform | AU$810.79M | ― | ― | ― | 88.27% |
Energy Resources of Australia Class A Corporate Events
North Limited has initiated a compulsory acquisition process to acquire the remaining ordinary shares in Energy Resources of Australia Ltd (ERA) that it does not already own. This move is part of a strategic effort to consolidate ownership under the regulations of the Corporations Act 2001. The process faced objections from shareholders holding at least 10% of the shares, prompting North Limited to seek court approval for the acquisition. The outcome of this legal proceeding will determine the finalization of the acquisition, impacting ERA’s shareholder structure and potentially its market operations.
Energy Resources of Australia Ltd announced the results of its Annual General Meeting, where resolutions were passed with overwhelming support. The company’s focus on sustainable rehabilitation and its commitment to the Ranger Rehabilitation Project highlight its dedication to environmental responsibility and collaboration with Indigenous communities.
In 2024, Energy Resources of Australia Class A successfully transitioned the management of the Ranger Rehabilitation Project to Rio Tinto, marking significant progress in environmental rehabilitation, including the advancement of Pit 3 rehabilitation. The company maintained a strong safety record and focused on water management and Indigenous procurement, highlighting its commitment to community engagement and sustainable practices. Looking forward, the company aims to continue its rehabilitation efforts and secure necessary regulatory approvals.
Energy Resources of Australia Ltd reported significant achievements in 2024, including maintaining a zero all-injury frequency rate and securing $766.5 million through a capital raising to fund the Ranger Rehabilitation Project until the third quarter of 2027. The appointment of Rio Tinto as the manager of the Ranger Rehabilitation Project is expected to enhance project execution and operational efficiencies. However, the company faces challenges, such as ongoing Federal Court proceedings regarding the Jabiluka lease and potential compulsory acquisition of shares by Rio Tinto, which requires court approval due to shareholder objections.
Energy Resources of Australia Ltd (ERA) announced that Rio Tinto has lodged a notice for the compulsory acquisition of the remaining shares in ERA that it does not own, priced at $0.002 per share. With 43% of the shares covered by the notice objected to the acquisition, the process now requires court approval to proceed. This development could significantly impact ERA’s operations and its stakeholders, as it transitions from uranium production to rehabilitation projects.
North Limited has initiated a compulsory acquisition of the remaining shares of Energy Resources of Australia Ltd (ERA) that it does not already own, offering $0.002 per share. The objection period for this acquisition has ended, with shareholders holding at least 10% of the shares objecting to the acquisition. North Limited has applied for court approval to proceed with the acquisition, following the necessary legal procedures.
The Federal Court of Australia has vacated the final hearing regarding the legal proceedings over the Jabiluka Mineral Lease, with a new date pending. This decision, agreed upon by all parties, delays the resolution of the case, with a case management hearing scheduled no earlier than June 9, 2025. Energy Resources of Australia Ltd (ERA) will continue to update shareholders as required, maintaining transparency in line with its disclosure obligations. This development may impact ERA’s operations and stakeholder interests, particularly concerning its commitments to the Jabiluka Mineral Lease.
Energy Resources of Australia Ltd has announced a change in the director’s interest in securities, specifically involving Brad Welsh. The change pertains to the acquisition of Rio Tinto Limited Shares through a dividend reinvestment plan under the Rio Tinto Global Employee Share Plan. This update reflects a strategic move in managing director interests and securities, potentially impacting the company’s governance and shareholder alignment.
Energy Resources of Australia Ltd has announced a change in the director’s interest notice, specifically concerning Alfred Grigg. The update involves the acquisition of 83 Rio Tinto Limited Shares under the myShare dividend reinvestment plan, with a purchase price of $114.7804 per share. This change reflects Mr. Grigg’s continued investment in Rio Tinto shares through various share plans, indicating a strategic alignment with the company’s long-term growth and shareholder value enhancement.
Energy Resources of Australia Ltd has announced a change in the director’s interest notice for Justin Carey. The change involves the acquisition of 16 Rio Tinto Limited Shares under a dividend reinvestment plan, increasing his indirect holdings to 524 shares. This update reflects the director’s continued involvement in the company’s equity incentive programs, which could impact the company’s governance and shareholder alignment.
Energy Resources of Australia Ltd has announced a change in the director’s interest notice for Rosemary Fagen. The notice details the acquisition of 73 Rio Tinto Limited Shares under the myShare dividend reinvestment plan, with no disposals reported. This update reflects a minor adjustment in the director’s holdings, indicating continued engagement with the company’s equity plans.
Energy Resources of Australia Ltd. announced a change in the director’s interest, specifically regarding Justin Carey’s indirect interest in Rio Tinto Limited shares. The changes involved the acquisition and vesting of shares under the Rio Tinto Global Employee Share Plan, reflecting a strategic alignment with Rio Tinto’s equity incentive programs. This adjustment in shareholding indicates a continued commitment to aligning director interests with company performance, potentially impacting stakeholder perceptions and reinforcing the company’s industry positioning.
Energy Resources of Australia Ltd announced a change in the director’s interest, specifically regarding Alfred Grigg’s holdings in Rio Tinto Limited shares. The notice detailed transactions involving the acquisition and vesting of shares and rights under the Rio Tinto Global Employee Share Plan, which could impact the director’s financial interests and potentially influence stakeholder perceptions.
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.
Energy Resources of Australia Ltd has announced its annual general meeting will be held on 22 May 2025 in Brisbane, Queensland. The company has opted to distribute the Notice of Meeting electronically, aligning with modern practices and regulatory requirements, which may impact shareholder engagement and administrative processes.
Energy Resources of Australia Ltd (ERA) is undergoing a compulsory acquisition of its remaining ordinary shares by North Limited and Peko-Wallsend Pty Ltd, both subsidiaries of Rio Tinto Limited. North Limited has initiated this process after acquiring more than 90% of ERA’s voting power and securities value through a previous entitlement offer. The acquisition price is set at $0.002 per share, matching the price of the prior offer. An independent expert’s report, required by the Corporations Act, values the shares at a negative range, suggesting challenges in ERA’s financial valuation. This acquisition consolidates Rio Tinto’s control over ERA, potentially impacting minority shareholders and the company’s market operations.
Energy Resources of Australia Ltd has announced a change in the director’s interest notice for Alfred Grigg. The notice details the acquisition of 3,158 Rights under the Rio Tinto Equity Incentive Program as Performance Share Awards, with no cash consideration involved. This change reflects an increase in Mr. Grigg’s direct interest in Rio Tinto Limited Shares and Rights, indicating a potential alignment of interests with the company’s strategic objectives.
Energy Resources of Australia Ltd has announced a change in the director’s interest notice for Justin Carey. The notice details an increase in the number of rights to be granted Rio Tinto Limited Shares under the Rio Tinto Equity Incentive Program, reflecting a strategic alignment with the company’s incentive structures. This change may impact the company’s operational dynamics and stakeholder interests by aligning executive incentives with company performance.
Energy Resources of Australia Ltd has released its corporate governance statement for the financial year ending December 31, 2024, which has been approved by the Board as of March 26, 2025. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, detailing the extent of compliance and any deviations. This disclosure is crucial for stakeholders as it provides transparency regarding the company’s governance practices and ensures accountability in its management and oversight processes.
Energy Resources of Australia Ltd. Class A has released its Annual Report for 2024. The report acknowledges the traditional owners of the lands where the company operates, specifically the Mirarr and Larrakia people. This acknowledgment highlights the company’s commitment to respecting Indigenous communities and their cultural heritage.
Energy Resources of Australia Ltd has announced its Annual General Meeting will take place on May 22, 2025, in Brisbane. The company is inviting nominations for director positions, which must be submitted by March 31, 2025. This meeting is part of ERA’s ongoing commitment to transparency and governance following its shift from uranium production to environmental rehabilitation efforts.