Lotus Resources begins trading on OTCQB market in the US
The secondary listing is aimed at enhancing the visibility and accessibility of the uranium development company to North American investors.
Company
Lotus Resources Ltd
OFEX:LOTP
Lotus Resources Limited is a leading ASX-listed uranium producer headquartered in Perth, Australia, which owns an 85% interest in the Kayelekera Uranium Mine in Malawi (Government of Malawi holds 15%), and 100% of the Letlhakane Uranium Project in Botswana. The company restarted production at Kayelekera in August 2025, on time and on budget.
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Lotus Resources upgraded to BUY rating off the back of Hylea sale: BW Equities
The sale means the company can focus on its Kayelekera uranium asset and will provide additional funding to underpin the ongoing development program.
Lotus Resources sells non-core Australian asset for $2.5 million to strengthen focus on uranium project
Since acquiring the Kayelekera Uranium Project in 2019, the Hylea Project has become non-core to the company’s long-term strategy.
Lotus Resources hard at work revitalising Kayelekera uranium mine in Malawi
Multiple work programs are underway at Kayelekera, which ceased operations in 2014 due to low uranium prices.
Lotus Resources to lift Kayelekera Uranium Project ownership to 85%
Following a recommendation from an independent committee of the board, the company decided to exercise its buy-out right to the project in Malawi.
Lotus Resources in trading halt with acquisition of additional interest in Kayelekera Uranium Project news pending
With the successful closure of the placement, the company is fully funded to accelerate project development studies at its Kayelekera Uranium Project in Malawi.
Lotus Resources buoyed by strong demand from institutional investors for A$12.5 million placement
The company is now fully funded out to early 2023 and plans to accelerate project development studies at its Kayelekera Uranium Project in Malawi.
Lotus Resources begins process to increase ownership of Kayelekera Project in Malawi
Following the completion of the acquisition, Lotus will hold an 85% interest in the project and the Government of Malawi 15%.
Lotus Resources’ new MD will drive the company towards recommencing uranium production
Keith Bowes was a part of the team that was involved in the acquisition of Kayelekera Uranium Project in Malawi and has also been responsible for all site activities aimed at restarting production.
Lotus Resources scoping study for the Kayelekera Project supports a viable long-term uranium operation
Scoping study confirms Kayelekera can be among the first uranium projects to restart production and has a low total initial capital cost of US$50million due to existing infrastructure.
Lotus Resources discovers high-grade rare earth oxides at Kayelekera Project in Malawi
Given the presence of high-grade neodymium-praseodymium oxide - an essential ingredient for multiple clean technologies - the company is considering additional work to determine the potential of this discovery.
Lotus Resources finds multiple near-mine exploration targets within short trucking distance of Kayelekera Uranium Mine in Malawi
An ongoing exploration review has identified two priority target areas - Kayelekera South and Mpata.
Lotus Resources restart plan for Kayelekera Uranium Project in Malawi gets lift with $5 million placement funding
The uranium-focused company will issue 62.5 million placement shares at 8 cents per share to professional and sophisticated investors.
Lotus Resources granted trading halt by ASX with capital raising news upcoming
Discussions have begun with major global utilities to re-introduce the Kayelekera Uranium Project, with an initial focus on groups that historically acquired Kayelekera product.
Lotus Resources Kayelekera Project well-positioned for the next uranium cycle
The recent scoping study has confirmed the project has low initial capital and rapid start-up potential as the uranium market expects a shortfall by 2024-2028.
Lotus Resources provides exposure to a uranium asset with a significant operating track record: BW Equities
BW has reiterated its buy rating based on its improved confidence in financial modelling assumptions following the release of the Kayelekera Uranium Project scoping study.
Lotus Resources scoping study demonstrates potential to restart Kayelekera Uranium Project in Malawi
Discussions have begun with major global utilities to re-introduce the Kayelekera Uranium Project, with an initial focus on groups that historically acquired Kayelekera product.