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Another Ranger raising

ENERGY Resources of Australia has announced a 5 for 1 non-underwritten pro rata renounceable entitlement offer to raise up to $369 million to cover rehabilitation costs at its Ranger uranium mine in the Northern Territory to the end of 2024’s second quarter.

Karma Barndon
Ranger rehabilitation continues

Ranger rehabilitation continues

Rio Tinto, which owns 86.3% of ERA's shares, will subscribe for its full entitlements under the terms of the offer, at a cost of $319 million. ERA is obliged, under the terms of the Atomic Energy Act...

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