Allens is pleased to have advised Lotus Resources Limited on its successful $76 million placement, as announced to the ASX on 5 February 2026.
Lotus announced that proceeds of the capital raising will be used to support ramp-up to steady state production at its flagship Kayelekera Uranium Mine located in Malawi, Africa.
'We congratulate Lotus on this significant capital raising. We are pleased to continue our relationship and look forward to supporting their ongoing success,' said Managing Associate, Alex Ninkov.
The role builds on Allens' strong finish to 2025 and promising start to 2026, having acted on a string of leading capital markets transactions worth more than $17 billion since mid-2025.
'We've seen Australian equity capital markets open with strong momentum in 2026. Our ECM team across the country is pleased to have been able to support our clients in the past few weeks across a diverse range of sectors including critical minerals, biotech and financial services,' said ECM and M&A Partner, Adrian Amer.
Allens legal team
Adrian Amer (Partner), Alexander Ninkov (Managing Associate) and Jesse Lines (Senior Associate)