Lotus Resources Secures Key Agreements for Kayelekera Project

Lotus Resources Limited ( (AU:LOT) ) has provided an announcement.

Lotus Resources Limited has signed crucial agreements with the Electricity Supply Corporation of Malawi to connect its Kayelekera Project to the power grid, facilitating electricity supply and reducing carbon emissions through hydropower. Additionally, Lotus has finalized a binding contract with PSEG Nuclear LLC for the sale of 1.6 million pounds of uranium concentrates from 2026 to 2029, marking significant progress in its project development and securing future revenue streams.

More about Lotus Resources Limited

Lotus Resources Limited is a company operating in the mining industry, primarily focused on the production and sale of uranium. The company is engaged in the development of the Kayelekera Project in Malawi, which aims to restart uranium production.

YTD Price Performance: -17.50%

Average Trading Volume: 9,649,577

Technical Sentiment Signal: Buy

Current Market Cap: A$389.8M

For detailed information about LOT stock, go to TipRanks’ Stock Analysis page.