First announced in December 2019, the sale by Australian Paladin Energy of its Kayelekera uranium project in Malawi to its compatriot Lotus Resources has now been completed. A transaction that Paladin CEO Ian Purdy sees as « a positive step forward, which will bring significant financial benefits to the company », in a press release published on Friday 13 March. As a reminder, Lotus has agreed to pay AUD$5 million (US$3.1 million) to acquire a 65% interest in the project. Paladin will nonetheless retain a 3.5% royalty on revenues generated by the mine.