LOT.ASX: Completion of Institutional Entitlement Offer Bookbuild

Completion of Institutional Entitlement Offer Bookbuild

Stock	Lotus Resources Ltd (LOT.ASX)
Release Time	27 Jul 2026, 9:52 a.m.
Price Sensitive	Yes

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Lotus Completes Institutional Entitlement Offer Bookbuild

Key Points

Raised approximately A$34.2 million from institutional investors
Retail Entitlement Offer to open on 30 July 2026
Shares expected to resume trading on ASX on 27 July 2026

Full Summary

Lotus Resources Limited announced the successful completion of the institutional component of its 1-for-1 pro rata accelerated non-renounceable entitlement offer, raising approximately A$34.2 million. The offer received strong support from existing and new institutional investors. The retail component, offering up to A$26.0 million, will open on 30 July and close on 13 August. The funds will support the ramp-up of Kayelekera and provide financial flexibility. Lotus expects its shares to resume trading on an ex-entitlement basis from 27 July. The company plans to lift its suspension from trading on the ASX following this announcement.

Guidance

A$34.2 million raised from institutional investors; retail offer to raise up to A$26.0 million

Outlook

Proceeds will de-risk Kayelekera's ramp-up and provide financial flexibility for Lotus.