Lotus Resources Limited (AU:LOT) has released an update.
Lotus Resources Limited has announced a A$110 million placement to accelerate the restart of its Kayelekera Uranium Project in Malawi, positioning itself as a key player in the global uranium market by 2025. The placement, targeting institutional and sophisticated investors, includes a share purchase plan offering existing shareholders a chance to participate on similar terms. This move comes amid strong interest from international investors, reflecting the growing demand in the uranium and renewable energy sectors.
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