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Askari Metals Limited ( (AU:AS2) ) has provided an update.
Askari Metals Limited has completed a share issue involving 21,614,200 fully paid ordinary shares and 32,014,200 quoted options, with additional options soon to be quoted. This financial maneuver is part of the company’s strategy to support its exploration and development initiatives in Southern Africa. The move aligns with Askari’s ongoing efforts to strengthen its market position in the lithium and uranium sectors, potentially impacting stakeholders by enhancing the company’s resource base and operational capabilities.
The most recent analyst rating on (AU:AS2) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Askari Metals Limited stock, see the AU:AS2 Stock Forecast page.
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. The company is also expanding its portfolio with the Matemanga Uranium Project in Southern Tanzania and is evaluating further uranium projects. Askari is considering divesting its Australian projects, which include gold, copper, lithium, and REE assets.
Average Trading Volume: 2,153,629
Technical Sentiment Signal: Sell
Current Market Cap: A$6.16M
Find detailed analytics on AS2 stock on TipRanks’ Stock Analysis page.