Lotus Resources Limited (AU:LOT) has released an update.
Lotus Resources Limited has signed a Mine Development Agreement with the Malawi government, ensuring a 10-year fiscal stability for its Kayelekera Uranium Mine, with tax and royalty rates set to boost project viability and local economic growth. The company also reported a significant uranium resource update at its Letlhakane project in Botswana, highlighting its potential as a large-scale uranium operation. With a strong closing cash balance and strategic focus on its core uranium ventures, Lotus has advanced discussions for potential offtake agreements, reinforcing its position in the uranium market.
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