Energy Resources of Australia, the long-time holder of the lease to the Jabiluka uranium deposit, is facing anger from minority shareholders who want the company to look for other funding before pushing ahead with plans to raise $210 million on the sharemarket.

ERA, which operates near the Kakadu National Park in the Northern Territory, said it would soon seek to raise “a minimum” of $210 million from shareholders in a bid to avoid running out of cash by Christmas.