Lotus Resources director Grant Davey shows further faith in uranium strategy with another on-market buy
The company holds an 85% interest in the Kayelekera Uranium Project in Malawi that hosts a resource of 37.5 million pounds of U3O8.
Lotus has a market capitalisation of approximately A$152 million.
Lotus Resources Ltd (ASX:LOT) (OTCMKTS:LTSRF) non-executive director Grant Davey continues to demonstrate his faith in the company’s uranium strategy with another on-market purchase.
On May 4 Davey acquired 200,000 shares valued at $30,000 in an indirect interest, increasing the number of securities held in that interest to more than 15.652 million.
This follows his on-market purchase of 303,602 shares valued at $96,398 on May 3.