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 […]

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