Askari Metals Limited ( (AU:AS2) ) has provided an update.
Askari Metals Limited announced the completion of share issues totaling 33,619,228 fully paid ordinary shares, with the process adhering to the Corporations Act 2001. This move reflects the company’s ongoing commitment to its exploration and development projects, potentially enhancing its financial flexibility and market positioning. The announcement signifies a strategic step in strengthening its operations and stakeholder relationships, particularly in the lithium and uranium sectors.
More about Askari Metals Limited
Askari Metals is a Southern African exploration company focused on developing its Uis Lithium Project in Namibia, located near the operating Uis Tin-Tantalum-Lithium Mine and close to the deep water port of Walvis Bay. The company has also acquired the Matemanga Uranium Project in Southern Tanzania and is exploring further uranium opportunities. Additionally, Askari Metals is considering divestment strategies for its Australian projects, which include gold, copper, lithium, and REE prospects.
Average Trading Volume: 2,442,264
Technical Sentiment Signal: Sell
Current Market Cap: A$3.13M
For an in-depth examination of AS2 stock, go to TipRanks’ Stock Analysis page.