Lotus On Track to Achieve Steady State Operational Production Levels at Malawi Uranium Mine; Shares Rise 4%

MT Newswires Live

2025/12/04

Lotus Resources (ASX:LOT) said it is on track to meet steady state operational production level at its Kayelekera uranium mine in Malawi within the first quarter of 2026, despite constraints in November and early December processing from sulphuric acid availability and supply chain challenges, according to a Thursday filing with the Australian bourse.

The first shipment of product is expected to occur later in the first quarter, and full qualification with at least one converter is expected in early 2026, the filing said.

Shares of the company rose 4% in recent Thursday trade.

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