InvestSMART

Lotus Resources Limited (ASX:LOT)

ALERT: Price-sensitive ASX Announcement for LOT
Current share price for LOT : $0.240 -2.64 (-91.67%)+
Announcement
Release
5 Feb 2026 11:35AM
Price at Release
$2.880
Full Release
download
Summary
Lotus Resources Limited has announced a non-underwritten placement to raise approximately A$76 million to enhance financial flexibility as the company ramps up its operations. The placement, priced at A$2.15 per share, aims to support the company's transition to positive cash flow by providing additional working capital. This funding will assist in the completion of key projects such as the acid plant and grid connection, optimize operating costs, and support the company's goal of achieving monthly nameplate uranium production. The placement offers a 25.3% discount to the last closing share price and is complemented by a share purchase plan (SPP) targeting an additional A$5 million. The first product shipment is expected in the second quarter of the 2026 calendar year, pending final product qualification and permitting.
Key Points
  • Lotus launches A$76 million placement to enhance financial flexibility.
  • The placement is non-underwritten and priced at A$2.15 per share.
  • A share purchase plan aims to raise an additional A$5 million.
  • Funds will support the ramp-up to steady-state production and positive cash flow.
  • First product shipment expected in Q2 CY2026.
  • Offer price is at a 25.3% discount to the last closing price.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.