Lotus Resources Inc (OTCMKTS:LTSRF) Stock Picks Up Further Momentum: Now What?

In the past week, Lotus Resources Inc (OTCMKTS:LTSRF) has been one of the stocks that has come up on the radars of plenty of investors and the gains recorded by the stock during the period is proof of that. Yesterday, the stock was in action yet again and managed to clock gains of 11%.

That took its gains for the course of the past week to as much as 16%. This morning the company is in the news again after it emerged that Lotus had started exploration work at the Milenje Hills Rare Earth Prospect. The site is located not too far away from the Kayelekera open pit located in Malawi.

In this regard, it is perhaps also necessary to point out that the exploration activities are also going to include reverse circulation drilling. However, in this regard, it is perhaps very important for investors to keep in mind that exploration program has been initiated by Lotus after high grade rare earth oxide was discovered at the property.

High grade rare earth oxide is an important element that is needed for uranium mineralisation and could be a lucrative source of income for Lotus in the future.