Australian mining company Lotus Resources announced, Friday 6 February, having successfully finalized an equity investment launched earlier in the week, allowing it to raise $76 million Australian dollars, about 53 million US dollars. This rise of fund aims to strengthen the cash flow of the group, committed to the development of its Kayelekera uranium projects in Malawi and Letlhakane uranium projects in Botswana.

According to management, this financing will offer the company better financial flexibility in the run-up to the rise of production. “We are delighted with the support provided by our shareholders institutional, which assures us of reinforced liquidity until we reach the Cruise regime and the first delivery scheduled for the second quarter of 2026 ” said Greg Bittar, managing director of Lotus Resources. It also has underlined that this operation allows the company to have a balance sheet” simplified and more flexible”, with increased visibility on its needs financial as Kayelekera starts to generate cash flow positive.

In August 2025, Lotus Resources announced the restart of the Kayelekera project, a uranium mine in Malawi called to produce in average 2.4 million pounds per year over an estimated period of ten years. At the same time, the group is continuing to evaluate its Letlhakane project at Botswana, whose potential remains promising. A scoping study indicates that This deposit could eventually deliver about 3 million pounds of uranium per year for a decade.

These settings are currently under review in the framework for a pre-feasibility study, the results of which are expected at second half of the year. In the background, Lotus Resources hears capitalize on the favorable dynamics of the global uranium market, scope through the revival of civil nuclear projects and the increase in demand linked to electrification and data centers. This trend has recently Boosted cash prices for nuclear fuel beyond $100 the pound at the end of January, a level that reinforces the economic attractiveness of the group's projects in Africa.