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The latest announcement is out from Lotus Resources Limited ( (AU:LOT) ).
Lotus Resources Limited has announced progress in its Kayelekera uranium project, with production slated for Q3 2025. The project is fully funded, and key plant refurbishment contracts have been awarded. The company has also strengthened its Board with the appointment of experienced directors Leanne Heywood and Simon Hay, and signed a Community Development Agreement demonstrating strong government and community support. These strategic developments position Lotus as a potential leading uranium producer, enhancing its operational capabilities and community relations.
More about Lotus Resources Limited
Lotus Resources Limited operates in the mining industry, focusing on uranium production. The company is advancing its Kayelekera uranium project in Malawi, aiming to become a significant player in the global uranium market.
YTD Price Performance: 17.50%
Average Trading Volume: 9,465,579
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$555.2M
For a thorough assessment of LOT stock, go to TipRanks’ Stock Analysis page.
