Latest Lotus Resources (ASX:LOT) News

Lotus Resources has achieved a pivotal milestone by producing its first yellowcake at the Kayelekera Uranium Mine, marking its emergence as a global uranium producer. The company targets ramping up production to 200,000 pounds per month by early 2026.

Lotus Resources has received the final environmental and social approval to restart its Kayelekera Uranium Mine in Malawi, marking a key milestone in its African uranium operations. This endorsement from Malawi’s Environment Protection Authority paves the way for the company’s planned production ramp-up.

Lotus Resources is on track to restart uranium production at its Kayelekera project in Malawi by Q3 2025, backed by binding offtake contracts covering nearly 4 million pounds of uranium and a robust cash position.

Lotus Resources has initiated processing of high-grade uranium ore at its Kayelekera Project in Malawi, moving closer to first uranium production this quarter. Key infrastructure upgrades, including a new power grid connection, aim to reduce costs and environmental impact.

Lotus Resources has completed key refurbishments at its Kayelekera Uranium Project in Malawi, restarting the SAG mill and progressing through hot commissioning towards first uranium oxide production this quarter.

Lotus Resources has begun cold commissioning at its Kayelekera uranium project, targeting a Q3 2025 production restart while adopting an owner-operator mining model to reduce costs and enhance control.

Lotus Resources has secured Environmental and Social Impact Assessment approval for its Kayelekera Uranium Project in Malawi, paving the way for uranium production to resume in the third quarter of 2025. The company also completed a key board transition, signaling a new phase in its governance.

Lotus Resources has received critical regulatory approval from Malawi’s Atomic Energy Regulatory Authority to resume uranium mining at its Kayelekera project, paving the way for production restart in the third quarter of 2025.

Lotus Resources is on track to restart uranium production at its Kayelekera project in Malawi by Q3 2025, backed by strong funding and binding offtake agreements covering up to 3.8 million pounds of uranium from 2026. Meanwhile, its Letlhakane project in Botswana advances with an updated scoping study supporting robust production potential.

Lotus Resources has fast-tracked the restart of its Kayelekera uranium project in Malawi, targeting production by Q3 2025, backed by a $132 million capital raise. Meanwhile, its Letlhakane project in Botswana reports a 65% increase in measured and indicated uranium resources.

Lotus Resources has locked in US$38.5 million in financing to support the restart and ramp-up of its Kayelekera uranium project in Malawi, targeting positive cash flow by Q3 2025.