Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.
Energy Resources of Australia Ltd. has announced their disappointment over the non-renewal of the Jabiluka Mineral Lease, signaling a potential shift in their operations. In the meantime, they’re progressing with the Ranger Rehabilitation Project, having spent $43 million in the last quarter on efforts such as Pit 3 capping, and are seeking to extend their authority beyond the January 2026 deadline to complete these activities. With an estimated $1.1 billion to be spent on rehabilitation through 2027, the company holds enough capital for planned expenditures into Q3, 2024.
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