Jul 23, 2026 – 1.22pmStruggling uranium miner Lotus Resources will issue new shares at a 66 per cent discount to its last traded price as part of a $138 million rescue package that vindicates the large number of investors who bet against the stock.Lotus shares have been the most shorted on the ASX for most of the past six months, as investors bet that a series of challenges at its African uranium mine would trigger a cashflow crisis.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles