$880m raising at 0.2c.

So new shares issued are 440 BILLION

Rio Tinto will be pinching in $760m worth and their voting power will comprise 99.25% of the company

Additionally "It is highly likely ERA will require more funding in approximately Q3 of 2027, and ERA will consider available funding options for the additional amount before the funds are expected to be required, noting it is likely that this may include a further equity raise"

Mind you it looks likely Rio Tinto will 'compulsory acquire' Energy Resources Australia