Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

Lots of good bits such as"The Scoping Study" review end late 2024.



"There has been further significant movement in the term markets, with 11 term contracts signed.
Supply of U3O8 in the 2024-28 period appears limited and utilities are coming back into the market
strongly with ~160Mlbs U3O8 traded in the term market in 2023, the first time in over a decade that
the quantities purchased by the utilities matched their annual demand. "

the "160Mlbs U3O8" may be wrong for annual usage. When over feeding an other parts of the fuel cycle are in play and restarts and new starts 180Mlbs may be closer to the actual annual burn rate.

Watching attached video at the top yesterday had several LOTUS specific mentions in a very positive light!

The spot price timing could not be better. LOTUS very smart management has not contracted us to $20, $50 or old pricing in offtake agreements giving Lotus one of the "Best" places to enjoy the rapidly increasing LONG term U308 price increases we may see 1 Feb and or 8 Feb. (KAP and CCJ supply misses and current future reduction in output estimates)

Only possible negative I saw was Cheap grid power from hydro claim might be a stretch. Only about 14% of people have grid power and IRENA data sheet was showing renewable reducing in an overall part for the grid.
https://www.irena.org/-/media/Files/IRENA/Agency/Statistics/Statistical_Profiles/Africa/Malawi_Africa_RE_SP.pdf