Lotus Resources director Grant Davey shows further faith in uranium strategy with another on-market buy

2021-05-05 13:54:00

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.

OTCQB market trading

Last week, the company completed its secondary listing on the OTCQB market in the United States with the ticker LTSRF.

The secondary listing on the OTC Markets is aimed at enhancing the visibility and accessibility of the uranium development company to North American investors.

It will allow potential North American investors to both trade and settle during US trading hours in US dollars.

Yes....it can/will fly