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An announcement from Lotus Resources Limited ( (AU:LOT) ) is now available.
Lotus Resources Limited has announced the official inauguration of the Kayelekera Uranium Mine by the President of Malawi, marking a significant milestone in the mine’s restart process. The event underscores the support from the Malawian government and local communities, as the company progresses towards achieving a steady production rate by early 2026. The commissioning of the plant is advancing well, with uranium inventory ready for final processing stages, and infrastructure work on the tailings storage facility is underway to support the mine’s long-term operations.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.54 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 a company operating in the mining industry, primarily focused on uranium production. The company is engaged in the restart and operation of the Kayelekera Uranium Mine in Malawi, with a market focus on uranium extraction and processing.
Average Trading Volume: 12,021,564
Technical Sentiment Signal: Sell
Current Market Cap: A$367.6M
See more data about LOT stock on TipRanks’ Stock Analysis page.