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Lotus Resources Accelerates Kayelekera Restart with $132M Funding and Expands Letlhakane Resource

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Lotus Resources Accelerates Kayelekera Restart with $132M Funding and Expands Letlhakane Resource

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Kayelekera uranium production restart accelerated to Q3 2025 with reduced capital expenditure
  • Strategic equity placement and share purchase plan raised A$132.3 million to fully fund restart
  • Letlhakane uranium project mineral resource estimate increased by 65% to 113.7 million pounds
  • Community Development Agreement signed, marking first such agreement in Malawi mining sector
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