Merger deal redefines the pecking order of ASX uranium players: Just as prices are expected to take off

Source: iStock Lotus Energy and A-Cap Energy are set to merge to create the third largest uranium resource among ASX-listed uranium companies

The merger will provide scale benefits, improve funding opportunities, and extend the life of Lotus’s Kayelekera Project

Lotus is waiting for uranium prices to increase before making a Final Investment Decision (FID) on their Malawi asset

Uranium developer Lotus Energy ( ASX: LOT ) on Thursday announced a merger with exploration company A-Cap Energy ( ASX: ACB ) via a scheme of arrangement under which Lotus will acquire 100% of the shares in A-Cap.The market seemed to like the news, with Lotus up 11% on the day and A-Cap up almost 19%.The merger brings together two complementary projects, provides scale benefits, improves funding opportunities, and means that the combined entity will have the third largest uranium resource of ASX-listed uranium companies – behind Paladin Energy and Deep […]

Click here to view original web page at www.marketindex.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.