Lotus Resources Secures Key Approval for Kayelekera Uranium Project Restart

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

Lotus Resources Limited announced the approval of its Environmental and Social Impact Assessment (ESIA) for the Kayelekera Uranium Project by Malawi’s Environment Protection Authority. This approval marks a critical milestone, paving the way for the restart of uranium production at Kayelekera in Q3 2025. The company is now focused on finalizing preparations for production, emphasizing safety and collaboration with stakeholders. The approval also coincides with a board transition, as Dixie Marshall, who played a key role in the approval process, resigns from the board, with Simon Hay taking over as ESG Committee Chair.

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 company specializing in uranium production, with significant mineral resources. The company owns an 85% interest in the Kayelekera Uranium Project in Malawi and 100% of the Letlhakane Uranium Project in Botswana. Lotus is committed to creating value for shareholders and local communities, with a focus on sustainable and impactful operations.

Average Trading Volume: 12,641,762

Technical Sentiment Signal: Sell

Current Market Cap: A$414.7M

Learn more about LOT stock on TipRanks’ Stock Analysis page.