Lotus Resources Secures Funding for Uranium Project Restart

Lotus Resources Limited (AU:LOT) has released an update.

Lotus Resources Limited is fully funded to restart its Kayelekera Uranium Project in Malawi by Q3 2025 after securing A$130 million through placements and having A$25 million in cash reserves. The company has made significant progress, including recruiting 150 personnel, ordering critical equipment, and refurbishing key infrastructure, positioning itself to become a major uranium producer. With a focus on safety and operational readiness, Lotus is on track to meet its development schedule.

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