Lotus Resources Limited (ASX: LOT | OTCQX: LTSRF) has announced the restructure of its board and senior management team. This follows the signing of the Kayelekera Mine Development Agreement with the Government of Malawi, strong momentum in advancing product marketing and financing discussions, including offtakes and potential prepayment, and the company’s strategic objective of becoming the next significant global uranium producer.
Executive Director Grant Davey commented, “This is a very exciting time for Lotus as we advance both of our projects. With the focus for Kayelekera being on financing, procurement, execution, and project delivery, the board decided it was the right time to realign and build up the senior management team to focus on commercial and project execution.”
Keith Bowes will assume the role of technical director where he will advise the board and support the management team in the execution of the Kayelekera Project and the development of the Letlhakane Project.
The company has appointed Grant Davey as executive director, Greg Biar as CEO, and Warren King as Kayelekera project director – execution.
Mr. Davey founded Lotus through the acquisition of Kayelekera and has over 30 years of management, project development, and operational experience. Mr. Biar has been with Lotus since earlier this year focusing on corporate development, principally offtake and financing discussions and investor relations, and Mr. King is an engineer with 25 years’ experience specializing in project execution, plant refurbishment and construction, start up, commissioning, and optimization.
Lotus’ COO Mike da Costa will continue to focus on operational readiness, contract mining preparation and, mining startup for Kayelekera along with government relations, occupational health and safety, ESG matters, and the development work at Letlhakane.
To find out more, please visit www.lotusesources.com.au
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