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Lotus Resources Limited ( (AU:LOT) ) just unveiled an update.
Lotus Resources Limited has secured an additional uranium offtake agreement with PSEG Nuclear LLC, a North American utility, for 800,000 lbs of uranium from 2026 to 2029. This agreement, along with previous ones, totals up to 2.6 million lbs of uranium sales through 2032, enhancing the company’s market position and offering strong margins due to competitive pricing. The agreements reflect Lotus’s strategy to capitalize on the increasing demand for uranium in North America, positioning it favorably within the nuclear energy sector.
More about Lotus Resources Limited
Lotus Resources Limited is a company engaged in the uranium industry, focusing on the production of uranium at its Kayelekera project. The company targets the North American market, where it actively seeks offtake agreements with nuclear power utilities to supply uranium for energy generation.
YTD Price Performance: 27.50%
Average Trading Volume: 8,787,835
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$602.5M
Find detailed analytics on LOT stock on TipRanks’ Stock Analysis page.
