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Lotus Resources Limited ( (AU:LOT) ) has shared an announcement.
Lotus Resources Limited has received approval from Malawi’s Atomic Energy Regulatory Authority for the resumption of uranium mining and processing at its Kayelekera project, marking a significant step towards restarting production by Q3 2025. This approval is crucial for Lotus as it continues to work with the Malawi Environment Protection Agency to finalize the Environmental Social Impact Assessment, ensuring safe and sustainable operations that benefit local communities and stakeholders.
More about Lotus Resources Limited
Lotus Resources Limited is a prominent Africa-focused uranium company with significant mineral resources. The company is committed to creating value for its shareholders, customers, and the communities where it operates. Lotus owns an 85% interest in the Kayelekera Uranium Project in Malawi and 100% of the Letlhakane Uranium Project in Botswana.
YTD Price Performance: -10.0%
Average Trading Volume: 11,231,774
Technical Sentiment Signal: Buy
Current Market Cap: A$425.6M
See more insights into LOT stock on TipRanks’ Stock Analysis page.