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Lotus Resources Limited ( (AU:LOT) ) has provided an announcement.
Lotus Resources has completed a non-underwritten institutional placement raising approximately A$76 million at A$2.15 per share, attracting strong demand from existing and new domestic and international investors. Together with a planned share purchase plan targeting up to A$5 million, the equity raising is expected to lift Lotus’s pro-forma cash to about A$145 million, providing enhanced working capital and financial flexibility to support the ramp-up to steady-state uranium production, complete its acid plant and grid connection projects, and bridge the typical 5–6 month uranium working capital cycle as the Kayelekera operation progresses toward positive cash flow and first shipment expected in the second quarter of 2026.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 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 ASX- and OTCQX-listed uranium company focused on restarting and ramping up production at its Kayelekera project. The company aims to position itself to benefit from potential upside in uranium prices, with current investment directed toward optimising operating costs and securing reliable power and processing infrastructure.
Average Trading Volume: 1,461,958
Technical Sentiment Signal: Buy
Current Market Cap: A$680.6M
Learn more about LOT stock on TipRanks’ Stock Analysis page.