July 25 (Reuters) - Energy Resources Of Australia Ltd ERA.AX :
* UPDATES REGARDING ITS ASSESSMENT OF FUNDING OPTIONS
* ERA AND RIO TINTO CONTINUE TO ENGAGE IN ACTIVE DISCUSSIONS REGARDING A FUNDING SOLUTION FOR ERA
* RIO TINTO ONLY WILLING TO PROVIDE ADDITIONAL FINANCIAL SUPPORT TO CO VIA RENOUNCEABLE ENTITLEMENT OFFER BY ERA
* RIO TINTO HAS INDICATED IT WOULD SUBSCRIBE FOR ITS 68.4% ENTITLEMENT OF NEW SHARES UNDER ENTITLEMENT OFFER
* RIO TINTO HAS INDICATED IT WOULD SUBSCRIBE FOR ERA'S 68.4% ENTITLEMENT OF NEW SHARES
* ERA HAD TOTAL CASH AT BANK OF $349 MILLION AT 30 JUNE 2019 COMPARED TO $313 MILLION ON 31 DECEMBER 2018
* RIO TINTO OFFERED TO UNDERWRITE BALANCE OF ENTITLEMENT OFFER IF ALTERNATIVE UNDERWRITING SOLUTION IS NOT AVAILABLE
* ERA CONTINUES TO INVESTIGATE WHETHER THERE ARE OTHER POTENTIAL FUNDING SOURCES