Lotus Resources Limited ( (AU:LOT) ) has issued an announcement.
Lotus Resources Limited has completed a transition of its Board of Directors as it prepares for the restart of its Kayelekera uranium project in Malawi, expected in the third quarter of 2025. The company has made significant progress towards becoming a global uranium producer, with recent board appointments and resignations reflecting a strategic shift in governance. The company is also advancing its Environmental Impact and Social Assessment, with plans to submit it to the Malawi Environment Protection Authority. These developments are crucial for Lotus’s operational readiness and long-term growth in the uranium sector.
More about Lotus Resources Limited
Lotus Resources Limited is a company operating in the uranium industry, focusing on the production and development of uranium resources. The company is primarily engaged in the restart of the Kayelekera uranium project in Malawi, aiming to position itself as a leading global uranium producer.
YTD Price Performance: -12.50%
Average Trading Volume: 9,754,270
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$413.5M
For detailed information about LOT stock, go to TipRanks’ Stock Analysis page.