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Askari Metals Limited ( (AU:AS2) ) has issued an update.
Askari Metals Limited (ASX: AS2) is an Australian public company that has applied for ASX quotation of newly issued securities. The company has lodged 9,000,041 ordinary fully paid shares and the same number of two option series (expiring 31 December 2028 and 1 December 2028) issued on 16 December 2025 as oversubscriptions to a rights issue; the quotation application formalises listing of those securities, increases issued capital and introduces potential future capital if the options are exercised. This action finalises the oversubscription outcome from the rights offer, may dilute existing shareholders to some degree, and—if exercised—could strengthen the company’s balance sheet and funding flexibility, with implications for stakeholder holdings and the company’s ability to fund operations or exploration activity.
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
Average Trading Volume: 2,128,307
Technical Sentiment Signal: Sell
Current Market Cap: A$7.39M
For detailed information about AS2 stock, go to TipRanks’ Stock Analysis page.