Street Talk

Barrenjoey digs up Lotus Resources equity raising

Sarah Thompson, Kanika Sood and Emma Rapaport

Sep 2, 2025 – 8.19pm

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ASX-listed Lotus Resources, capitalised at almost $500 million, wants fresh funds to put towards ramping up production at its 85 per cent-owned Kayelekera mine in Malawi.

The Perth-headquartered uranium developer has tapped Barrenjoey Capital Partners to help it raise as much as $70 million, people briefed on the matter, who asked to remain anonymous, told this column on Tuesday.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.