ERA Faces Setback as Jabiluka Lease Not Renewed
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ERA Faces Setback as Jabiluka Lease Not Renewed

Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.

Energy Resources of Australia Ltd (ERA), a member of the Rio Tinto Group and a prominent uranium producer, has expressed disappointment as the NT government, backed by advice from the Federal Government, decided not to renew the Jabiluka Mineral Lease. ERA is currently evaluating its options and has pledged to keep its shareholders informed of any significant developments. The company continues its commitment to the sustainable rehabilitation of its former mine assets.

For further insights into AU:ERA stock, check out TipRanks’ Stock Analysis page.

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