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Lotus Resources Limited ( (AU:LOT) ) has provided an update.
Lotus Resources Limited has secured up to $38.5 million in financing from two Southern African banks to support its Kayelekera uranium project’s restart and ramp-up to production in Malawi. This financing, combined with previous equity placements and conditional offtake agreements, positions Lotus to achieve positive cash flow by Q3 2025, enhancing its competitiveness in the uranium market and strengthening relationships with key stakeholders, including North American power utilities.
More about Lotus Resources Limited
Lotus Resources Limited operates within the uranium industry, focusing on the production and supply of uranium. The company is primarily engaged in the Kayelekera uranium project located in Malawi, aiming to restart and ramp up production to meet market demands.
YTD Price Performance: 27.50%
Average Trading Volume: 8,934,995
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$602.5M
For an in-depth examination of LOT stock, go to TipRanks’ Stock Analysis page.
