Australia's Lotus Resources gains on Malawi power deals
ReutersApr 1, 2025 2:29 AM
Lotus Resources LOT.AX rises as much as 4.3% to A$0.183, highest since March 26
Uranium miner signs two agreements with Electricity Supply Corporation of Malawi to facilitate electricity supply from the grid to the Kayelekera Project in northern Malawi
Says grid connection will be commissioned in 2026
Signs contract to sell and buy natural uranium concentrates with U.S.-headquartered PSEG Nuclear
LOT falls 55.7% YTD
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