By Digifin Pty Ltd · About this coverage
Key Points
- First shipment of 4 containers with approximately 145k lbs of U3O8
- Shipment departed Kayelekera bound for Walvis Bay
- Delivery to Orano CE Malvesi, France expected by the end of the calendar year
- Subsequent shipments expected to leave site before year end
About Lotus (ASX:LOT)
Lotus Resources Limited is an ASX-listed uranium company headquartered in Perth. It operates the Kayelekera uranium mine in Malawi and is developing the Letlhakane uranium project in Botswana.
Lotus (ASX:LOT) Resources announced that its first uranium shipment has left the Kayelekera site, which it describes as one of the final steps before delivering product to customers and generating revenue.
The first shipment of 4 containers comprises approximately 145k lbs of uranium ore concentrate (U3O8) and departed Kayelekera bound for Walvis Bay. Shipping is booked for November departure, with delivery to Orano CE Malvesi, France expected by the end of the calendar year. Subsequent shipments are expected to leave site before year end. Lotus says it continues to focus on optimising Kayelekera operations and ramping up production.
The release gives no sale price, contract value, revenue figure or current production rate, and delivery to France is expected rather than complete.
Source: Lotus Resources Limited (ASX:LOT), 2 November 2026. Summary content supplied by Digifin Pty Ltd.
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