Lotus Resources Ltd sells non-core Australian asset for $2.5 million to strengthen focus on uranium project
Lotus Resources sells non-core Australian asset for $2.5 million to strengthen focus on uranium project Since acquiring the Kayelekera Uranium Project in 2019, the Hylea Project has become non-core to the company’s long-term strategy. The transaction is anticipated to close following ministerial approval for the transfer of the exploration licences for the Hylea Project. Lotus Resources Ltd (ASX:LOT) has reached an agreement to divest its Hylea Cobalt Project in central New South Wales, to Sunrise Energy Metals Limited (ASX.SRL) for total consideration of $2.5 million. This sal...