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Lotus Resources has completed a share placement, raising A$76 million ($53 million) to advance its uranium projects in Malawi and Botswana. The funds will enhance the company's cash position as it develops the Kayelekera mine in Malawi, expected to start production in Q2 2026, and the Letlhakane project in Botswana. Both projects aim to capitalize on the rising uranium market driven by increased nuclear power investment.