https://newsletter.en.creamermedia.com
Nuclear|Resources
Nuclear|Resources
nuclear|resources

Lotus inks offtake with North American utility

7th April 2025

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Lotus Resources has bagged another sales agreement with a leading North American utility for offtake from its Kayelekera mine in Malawi, the company announced on Monday.

Lotus said the contract pricing was a fixed US-dollar price based on the published long-term prices of leading nuclear market research and analysis companies, less a non-material discount. A fixed-price yearly escalation percentage applied from the time of first delivery for subsequent delivery years, with the amount in line with Reserve Bank of Australia long term inflation target.

“Securing and formalising an offtake agreement with another Tier 1 customer is an important milestone for Lotus as we continue to progress production restart plans at Kayelekera towards our third quarter of 2025 goal," said MD Greg Bittar in a press statement.

"We are focused on engaging with existing offtake partners as well as with a significant number of potential offtake customers to grow contracted offtake of Kayelekera’s production and minimise the company’s uncontracted production.”

Lotus stated that given the total volume of its contracts and the consensus uranium price forecast, all material assumptions underpinning the information in the accelerated restart plan for Kayelekera continued to apply.

 

Edited by Creamer Media Reporter

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 09 May 2025
Magazine round up | 09 May 2025
9th May 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.084 0.173s - 168pq - 2rq
Subscribe Now