Lotus Resources reported Q3 2026 cash balance AUD 85 million but stock fell 3.19% to $0.91 amid operational challenges.
Elevated sulfuric acid and sulfur prices, plus freight and supply‑chain disruptions, drove operating cash outflows of AUD 36 million for March quarter.
Company is advancing the restart of Kayelekera Uranium Mine with a 14‑workstream optimization plan, targeting first uranium shipment in June 2025 quarter.
Management discussed inventory financing and a debt‑linked prepayment facility to fund the restart, deeming it cheaper than equity.