Kayelekera

Single open-pit uranium mine currently in the final stages of an accelerated restart. Located 52 km west of Karonga in northern Malawi, accessed via road with a planned 66 kV grid connection to the ESCOM network. Property operates under a 10-year Mine Development Agreement signed in July 2024. First yellowcake production achieved post-year-end in August 2025 following a US$50M capital restart program. Processing utilizes a refurbished plant with a nameplate capacity of 2.4 Mlbpa U3O8. Flagship Malawian uranium asset.