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Energy Resources of Australia Limited (ASX:ERA)

ALERT: Price-sensitive ASX Announcement for ERA
Current share price for ERA : $0.002 -0.001 (-20%)+
Announcement
Release
5 Jun 2026 4:02PM
Price at Release
$0.003
Full Release
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Summary
The Federal Court of Australia has approved Rio Tinto's application to compulsorily acquire the remaining shares in Energy Resources of Australia Ltd (ERA), which it does not already own, under section 664F of the Corporations Act 2001 (Cth). This decision follows objections received from shareholders holding more than 10% of the remaining shares. The acquisition will proceed with Rio Tinto offering $0.002 per share. The Australian Securities Exchange (ASX) will suspend ERA's securities within 5 business days, while removal from the official list will occur after a 28-day appeal period. Shareholders are advised that selling their shares before suspension will forfeit their entitlement to payment under the acquisition notice.
Key Points
  • Federal Court of Australia approved Rio Tinto's application for compulsory acquisition of remaining ordinary shares in Energy Resources of Australia Ltd (ERA).
  • Compulsory acquisition is under section 664F of the Corporations Act 2001 (Cth).
  • Rio Tinto to acquire remaining shares at a consideration of $0.002 per share.
  • ASX will suspend ERA's securities in 5 business days, with removal from the official list after a 28-day appeal period.
  • Shareholders who sell shares before suspension will not receive payment under the compulsory acquisition notice.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.