Askari Metals Issues New Shares to Bolster Exploration Efforts

Askari Metals Limited ( (AU:AS2) ) has issued an update.

Askari Metals Limited has issued 26,846,591 fully paid ordinary shares, with a portion approved by shareholders and another under its ASX LR 7.1 capacity. This announcement aligns with the company’s compliance with relevant sections of the Corporations Act. The share issuance supports the company’s exploration initiatives in Southern Africa, particularly in lithium and uranium projects, while also considering asset divestment in Australia, potentially strengthening its position in the resource industry.

More about Askari Metals Limited

Askari Metals is a Southern African-focused exploration company, primarily engaged in developing its Uis Lithium Project in Namibia, situated along the Cape-Cross – Uis Pegmatite Belt. The project is strategically near the operating Uis Tin-Tantalum-Lithium Mine and the deep-water port of Walvis Bay. Additionally, Askari Metals has acquired the Matemanga Uranium Project in Southern Tanzania and is exploring further uranium opportunities. The company is considering divesting its Australian projects, which include gold, copper, lithium, and REE assets.

YTD Price Performance: 10.0%

Average Trading Volume: 638,007

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$2.55M

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