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Askari Metals Limited ( (AU:AS2) ) just unveiled an announcement.
Askari Metals Limited has announced a priority entitlement issue for holders of expired AS2O options, offering two new options for every one previously held, with an exercise price of 2.2 cents and an expiry date of December 2028. This move aligns with Askari’s strategy to enhance shareholder value and strengthen its position in the African exploration market, particularly with its ongoing due diligence for a gold exploration project in Ethiopia.
More about Askari Metals Limited
Askari Metals Limited is a Southern African exploration company focused on developing its Uis Lithium Project in Namibia, strategically located near the Uis Tin-Tantalum-Lithium Mine and the port of Walvis Bay. The company is also expanding its portfolio with the Matemanga Uranium Project in Southern Tanzania and is exploring further uranium projects in the region. Additionally, Askari is considering divestment strategies for its Australian projects, which include gold, copper, and REE prospects.
Average Trading Volume: 869,163
Technical Sentiment Signal: Sell
Current Market Cap: A$3.64M
For an in-depth examination of AS2 stock, go to TipRanks’ Stock Analysis page.