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"Chinese #nuclear consumption increased by 11% & Japan’s by 42% in '21. While the spot #uranium price fell in May, the long-term price was stable & should prove a leading indicator to equity performance."

Petra Capital retains Buy + $0.58/sh target: $LOT

"LOT provides investors exposure to a known #uranium asset with a significant operating track record, short lead time and modest capex to restart."

BW Equities maintains buy rating of $0.55/sh target.

Full report here: $LOT

Inaugural Mineral Resource estimate (MRE) for the Livingstonia #Uranium deposit of 6.9Mt at 320 ppm U3O8. This increases the total global MRE for the $LOT in Malawi to 51.1Mlbs U3O8:

The Definitive Feasibility Study remains on track for mid-2022.

Lotus Resources has released the inaugural Mineral Resource estimate (MRE) for the Livingstonia Uranium deposit of 6.9 Mt at 320 ppm U3O8 – a nice bump up for the company’s total global MRE in Malawi to 51.1Mlbs U3O8. #ad #ASX $LOT

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