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Lotus Resources Secures US$38.5m to Power Kayelekera Uranium Restart
8:31am on Tuesday 28th of January, 2025 AEDT
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Mining
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Lotus Resources Secures US$38.5m to Power Kayelekera Uranium Restart
8:31am on Tuesday 28th of January, 2025 AEDT
Key Points
US$18.5 million equipment finance term sheets signed with Standard Bank Plc and First Capital Bank
US$20 million working capital facility secured with Standard Bank Plc
Total funding package now US$135.5 million including cash and loans
Kayelekera uranium production restart on track for Q3 CY2025
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