ERA Faces Court Hurdle on Rio Tinto Buyout as Ranger Rehabilitation Costs and Timing Come Under Pressure

Energy Resources of Australia (ERA) faces a court hurdle regarding Rio Tinto's compulsory acquisition of its remaining shares, delayed by objections from over 10% of shareholders. A Federal Court review is set for February 2026. ERA is spending $59 million on rehabilitation of the Ranger Project Area but is encountering technical delays and increased costs. The latest analyst rating for ERA stock is a Sell with a price target of A$0.01. ERA, primarily focused on environmental rehabilitation, has a market cap of A$1.22 billion.