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Lotus Resources Limited
(Sydney:LOT)
Lotus Resources Limited (LOT) vs. iShares MSCI Australia ETF (EWA)
Lotus Resources Limited Business Overview & Revenue Model
Lotus Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 21.16K | 102.47K | 2.38M | 127.11K | 109.67K | Gross Profit |
| -644.02K | -1.31M | -1.33M | 2.37M | 102.09K | 46.23K | EBIT |
| -23.36M | -13.55M | -10.87M | -11.92M | -6.09M | -3.93M | EBITDA |
| -32.28M | -13.55M | -9.44M | -12.96M | -5.96M | -16.49M | Net Income Common Stockholders |
| -28.81M | -24.51M | -9.92M | -12.00M | -5.01M | -15.92M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 132.84M | 34.27M | 15.59M | 4.95M | 28.35M | 16.53M | Total Assets |
| 297.96M | 168.82M | 71.77M | 66.61M | 88.86M | 82.19M | Total Debt |
| 132.57K | 0.00 | 0.00 | 0.00 | 0.00 | 27.28K | Net Debt |
| -132.71M | -34.13M | -15.52M | -4.88M | -28.32M | -16.47M | Total Liabilities |
| 46.44M | 41.43M | 38.09M | 51.83M | 66.52M | 74.58M | Stockholders Equity |
| 254.31M | 129.81M | 35.09M | 15.54M | 21.96M | 6.08M |
| Cash Flow | Free Cash Flow | ||||
| -37.46M | -10.85M | -13.39M | -13.76M | -7.82M | -8.32M | Operating Cash Flow |
| -16.53M | -7.33M | -8.34M | -9.96M | -6.51M | -3.85M | Investing Cash Flow |
| -20.93M | -2.65M | -5.04M | -1.60M | -1.32M | 10.17M | Financing Cash Flow |
| 153.24M | 28.72M | 24.14M | 1.07M | 20.90M | 10.10M |
Lotus Resources Limited Technical Analysis
Lotus Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
50 Neutral | $2.01B | -1.12 | -21.15% | 3.68% | 2.69% | -30.65% | |
48 Neutral | AU$414.70M | ― | -15.51% | ― | ― | -129.85% | |
| $1.55B | 26.81 | -1.76% | ― | ― | ― | ||
| £116.34M | 210.00 | 1.19% | ― | ― | ― | ||
| $816.46M | ― | -1.42% | ― | ― | ― | ||
| $13.64M | ― | -31.54% | ― | ― | ― | ||
51 Neutral | AU$112.33M | ― | -5.22% | ― | ― | ― |
Lotus Resources Limited Corporate Events
Lotus Resources Limited announced a change in the director’s interest, with Leanne Heywood acquiring 90,000 ordinary shares through an on-market trade. This acquisition reflects a potential increase in confidence in the company’s future prospects, possibly impacting its market perception and stakeholder interests.
Lotus Resources Limited has received approval from Malawi’s Atomic Energy Regulatory Authority for the resumption of uranium mining and processing at its Kayelekera project, marking a significant step towards restarting production by Q3 2025. This approval is crucial for Lotus as it continues to work with the Malawi Environment Protection Agency to finalize the Environmental Social Impact Assessment, ensuring safe and sustainable operations that benefit local communities and stakeholders.
Lotus Resources Limited announced that former Director Grant Davey has ceased to be a substantial shareholder, with approximately 90 million shares sold to institutional investors. This change in shareholding could impact the company’s market dynamics, as institutional investors, including existing shareholders, now hold a larger stake, potentially influencing future strategic decisions.
Lotus Resources Limited has announced the quotation of 2,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of May 1, 2025. This move is part of the company’s ongoing efforts to enhance its financial standing and market presence, potentially impacting its operational capabilities and offering new opportunities for stakeholders.
Lotus Resources Limited announced the cessation of Mark Hanlon as a director, effective May 1, 2025. Hanlon held 2,000,000 fully paid ordinary shares and 2,000,000 options in the company, with additional interests held through Buprestid Pty Ltd. This change in the board may impact the company’s strategic direction and stakeholder interests.
Lotus Resources Limited is on track to restart uranium production at its Kayelekera project in Malawi by Q3 2025, with significant progress in mechanical and electrical work and a fully appointed operational team. The company has secured binding offtake contracts for future uranium production and is advancing its Letlhakane project in Botswana. With a strong cash position and no debt, Lotus is well-positioned to execute its plans, supported by community and government backing. The company is also working on connecting to the electricity grid and has completed a board and management transformation to support its strategic goals.
Lotus Resources Limited is progressing well with the refurbishment and restart of its Kayelekera uranium project in Malawi, targeting production by Q3 2025. The project is over 80% complete in mechanical and electrical works, with significant advancements in staffing and equipment mobilization. The company has secured four binding offtake agreements covering nearly 40% of its 2026-2029 production at attractive margins, and it remains fully funded with $112.7 million in cash. The project benefits from stable uranium prices despite global market volatility and is exempt from recent US import tariffs, positioning Lotus favorably in the market.
Lotus Resources Limited announced that its board has approved the pro rata retention of unvested options for former Technical Director Keith Bowes, following his resignation. This decision aligns with the company’s ‘Good Leaver’ policy, allowing Bowes to retain a portion of his options based on his service period, which will vest according to the original schedule. This move reflects Lotus’s commitment to fair and equitable treatment of its executives, potentially impacting stakeholder perceptions positively.
Lotus Resources Limited has announced a change in the director’s interest, with Gregory Bittar acquiring 250,000 ordinary fully paid shares indirectly through Gernie Invts Pty Ltd. This acquisition, valued at $39,666.11, signifies a strategic move that may strengthen the director’s influence within the company and potentially impact its governance and decision-making processes.
Lotus Resources Limited has signed crucial agreements with the Electricity Supply Corporation of Malawi to connect its Kayelekera Project to the power grid, facilitating electricity supply and reducing carbon emissions through hydropower. Additionally, Lotus has finalized a binding contract with PSEG Nuclear LLC for the sale of 1.6 million pounds of uranium concentrates from 2026 to 2029, marking significant progress in its project development and securing future revenue streams.
Lotus Resources Limited has announced that Grant Davey has ceased to be a director as of April 1, 2025. This change in directorship may impact the company’s strategic direction and stakeholder relationships, as Davey held significant interests in the company through various entities, including over 150 million shares and unlisted options.
Lotus Resources Limited has announced updates on its Kayelekera project and Letlhakane Uranium Project, emphasizing their potential to enhance the company’s uranium production capabilities. The company is progressing with its Accelerated Restart Plan and Scoping Study, which could position Lotus as a major uranium producer, although the projects are still in preliminary stages and involve certain risks and uncertainties.
Lotus Resources Limited has signed a binding uranium offtake agreement with a large North American power utility for the sale of 600,000 lbs of uranium from 2026 to 2029. This agreement, along with a previously announced deal with Curzon, forms part of Lotus’s strategy to secure long-term, fixed-price contracts, minimizing spot market exposure. The company is on track to restart production at its Kayelekera project by Q3 2025, with plans to produce up to 3.2 million lbs of uranium by 2026. This strategic move positions Lotus to leverage the ongoing demand for uranium and strengthens its market positioning by ensuring stable revenue streams.
Lotus Resources Limited announced a correction to its previous ASX announcement regarding the updated Letlhakane Scoping Study, which highlights the project’s potential to produce approximately 3 million pounds per annum (Mlbpa) of U3O8 over a 10-year life of mine. The study supports the project’s viability in a favorable uranium price environment and outlines optimization strategies to reduce costs. With the restart of production at Kayelekera scheduled for Q3CY25, Lotus positions itself as a potential 5.5Mlbpa uranium producer, enhancing its industry standing and offering promising prospects for stakeholders.
Lotus Resources Limited has released an updated Scoping Study for its Letlhakane Uranium Project in Botswana, highlighting its potential to become a major uranium operation. The study indicates that Letlhakane can support an annual production of approximately 3 million pounds of U3O8 over a 10-year life of mine, with a total production of 29 million pounds. This development, combined with the planned restart of production at the Kayelekera Uranium Project in Malawi, positions Lotus to become a significant uranium producer on the ASX, with a combined output of 5.5 million pounds per annum. The company is optimizing its operational costs and exploring various strategies to secure funding for the project’s development, which is estimated to require around US$465 million in start-up capital.
Lotus Resources Limited has completed a transition of its Board of Directors as it prepares for the restart of its Kayelekera uranium project in Malawi, expected in the third quarter of 2025. The company has made significant progress towards becoming a global uranium producer, with recent board appointments and resignations reflecting a strategic shift in governance. The company is also advancing its Environmental Impact and Social Assessment, with plans to submit it to the Malawi Environment Protection Authority. These developments are crucial for Lotus’s operational readiness and long-term growth in the uranium sector.
Lotus Resources Limited has released its interim financial report for the half-year ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s financial health and operational efficiency during the period.
Lotus Resources Limited announced the issuance of new unquoted equity securities in the form of options, totaling 7,515,929. This move is part of an employee incentive scheme and highlights the company’s strategy to enhance workforce motivation and align employee interests with organizational goals, potentially strengthening its operational capabilities.
Lotus Resources Limited announced that the Malawi Ministry of Mining has clarified its position regarding mineral exports, confirming there is no temporary ban in place. The clarification indicates that the current action is specific to the artisanal gemstone sector, where the processing of export licenses for gemstones is on hold for a 21-day review period. This development provides assurance for Lotus Resources’ operations in the broader mineral export sector, potentially stabilizing investor confidence.