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Lotus Resources Limited ( (AU:LOT) ) has shared an announcement.
Lotus Resources has begun substantial sulphuric acid deliveries to its Kayelekera Uranium Mine, easing previous supply chain constraints and supporting the ramp-up toward steady-state production, although full nameplate output of about 200,000 pounds of uranium per month is now expected in the second quarter of calendar 2026. Product qualification with uranium converters is advancing, enabling the permitting process for first shipments also targeted for the second quarter, while the company reports a strong cash position of A$63.4 million pro forma and is exploring additional financing options such as prepayment and inventory-backed structures; its uranium sales strategy remains focused on North American utilities, with most 2026 commitments weighted to the second half and future contracts designed to capture upside from rising uranium prices.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
More about Lotus Resources Limited
Lotus Resources Limited is an Australian-listed uranium company focused on restarting and operating the Kayelekera Uranium Mine in Malawi. The company targets term supply into the global nuclear fuel market, with a particular emphasis on contracting with North American power utilities and structuring sales to retain exposure to market-linked uranium prices.
Average Trading Volume: 1,346,328
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$765.6M
See more insights into LOT stock on TipRanks’ Stock Analysis page.