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Lotus Resources Limited (ASX:LOT)

ALERT: Price-sensitive ASX Announcement for LOT
Current share price for LOT : $0.660 -2.22 (-77.08%)+
Announcement
Release
6 Feb 2026 9:35AM
Price at Release
$2.880
Full Release
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Summary
Lotus Resources Limited announced the successful completion of a non-underwritten placement to raise approximately A$76 million, providing financial flexibility for the company as it ramps up to steady-state production. The placement saw strong demand from both existing shareholders and new institutional investors, and funds raised will enhance balance sheet flexibility and support key projects such as the acid plant and grid connection. This financial initiative aims to facilitate steady-state production and maximize exposure to potential uranium price increases. The company also plans to undertake a Share Purchase Plan (SPP) to raise up to A$5 million. The placement was managed by Macquarie Capital and Canaccord Genuity among others, with shares expected to commence trading on 12 February 2026.
Key Points
  • Completion of A$76 million non-underwritten placement at A$2.15 per share.
  • Strong demand from existing and new institutional shareholders.
  • Funds to support ramp-up to steady-state production and enhance balance sheet flexibility.
  • Key projects include acid plant and grid connection to optimize costs.
  • Lotus shares to resume trading on ASX on 12 February 2026.
  • Share Purchase Plan (SPP) to raise up to A$5 million at the same price as placement.
  • Macquarie Capital and Canaccord Genuity acted as Joint Lead Managers.
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.