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Lotus Resources Limited ( (AU:LOT) ) just unveiled an announcement.
Lotus Resources Limited announced that its subsidiary, Lotus (Africa) Limited, has received confirmation from the Malawi Environment Protection Authority (MEPA) that the Environmental and Social Impact Assessment (ESIA) Certificate for the Kayelekera Uranium Mine will be issued soon. This approval marks a significant step as the company prepares to commence uranium production at the Kayelekera site this quarter. The issuance of the ESIA Certificate underscores the collaborative efforts between Lotus and the Malawian authorities, highlighting the company’s commitment to safe and secure operations for its team, local communities, and the environment.
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 prominent Africa-focused uranium company with significant mineral resources. The company is dedicated to creating value for shareholders, customers, and local communities. Lotus owns an 85% interest in the Kayelekera Uranium Project in Malawi and 100% of the Letlhakane Uranium Project in Botswana.
Average Trading Volume: 12,319,125
Technical Sentiment Signal: Sell
Current Market Cap: A$402.9M
Find detailed analytics on LOT stock on TipRanks’ Stock Analysis page.