Lotus Resources (ASX:LOT) has been provided with a clear regulatory pathway to restart uranium production at the Kayelekera Uranium Project in Malawi, after receiving approval for its environmental and social impact assessment (ESIA).
The ESIA, approved by Malawi’s Environment Protection Authority (MEPA), seeks to ensure that adequate and early information is obtained on any likely environmental impacts and on measures to mitigate these impacts.
Lotus, which has a market capitalisation of $426.55 million, is now focused on finalising preparations ahead of uranium production, which is expected to begin in Q3 2025.
Managing Director Greg Bittar says the company is looking forward to working with MEPA to finalise issuing the ESIA certificate for Kayelekera’s restart.
“We will continue to work closely with MEPA and all stakeholders as Kayelekera operations recommence,” Bittar says.
“Our top priority is to provide an ongoing safe and secure operation for our onsite team, the local communities and the environment.”
As a result of the ESIA being approved, ESG Committee Chair Dixie Marshall has resigned from the company’s board.
Non-executive Chairman Michael Bowen says Marshall has contributed to the company’s key milestones placing the company on track to become a global uranium producer.
Lotus Resources is an Africa-focused uranium player focused on the Kayelekera and Letlhakane projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Lotus Resources
