Australia's Lotus Resources rises on uranium supply deal with N.American company
ReutersMar 17, 2025 3:24 AM
Shares of Lotus Resources LOT.AX rise around 1.5% to A$0.173
Co's subsidiary Lotus Africa signed binding contract to sell 600,000 pounds (272 metric tons) of uranium from 2026 to 2029 to a North American power utility
Co to sell uranium from its Kayelekera project in Malawi, did not disclose name of buyer but said it is one of the largest energy companies in North America
Stock rose as much as 5.9% earlier in the day
Stock down 13.8% this year, including the day's move
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