ASX:LOTOil and Gas
Lotus Resources (ASX:LOT) Is Down 7.5% After Uranium Output Begins and A$65M Equity Raise
Lotus Resources recently completed a A$65.23 million follow-on equity offering and achieved its first production of yellowcake from the Kayelekera Uranium Mine, with production reported as on schedule and within budget.
This milestone, combined with binding uranium sale agreements and plans to ramp up output, underscores Lotus’s evolution toward becoming a major player in the uranium sector.
We’ll explore how Lotus Resources’ successful capital raise to fund uranium project ramp-up is...