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Askari Metals Limited ( (AU:AS2) ) has shared an update.
Askari Metals Limited announced the results of its priority entitlement issue of options, offering 2 New Options for every 1 AS2O held. The company received applications for 16,734,358 New Options, raising approximately $16,734, with a shortfall of 16,818,632 New Options to be addressed. The completion of the Shortfall Offer will enable the company to apply for ASX quotation of these options, potentially impacting its market positioning and stakeholder interests.
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 Uis Tin-Tantalum-Lithium Mine. The company is also expanding its portfolio with the Matemanga Uranium Project in Southern Tanzania and is evaluating further uranium acquisitions. Additionally, Askari Metals is considering divestment strategies for its Australian projects, which include gold, copper, and rare earth elements.
Average Trading Volume: 709,349
Technical Sentiment Signal: Sell
Current Market Cap: A$3.23M
Learn more about AS2 stock on TipRanks’ Stock Analysis page.