Lotus Resources Limited (AU:LOT) has released an update.
Lotus Resources Limited has signed a pivotal Mine Development Agreement with the Government of Malawi for its Kayelekera uranium mine, guaranteeing a stable fiscal regime for 10 years and demonstrating the country’s commitment to developing its mining sector as part of its economic vision for 2063. The agreement, which aligns with Malawi’s legislation, includes key tax terms and legal protections, as well as community development initiatives, positioning Lotus to proceed with off-take discussions amid a strong market for uranium.
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