Askari Metals Bolsters Finance for Uranium Ventures

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

Askari Metals Limited has announced a significant long-term financial boost by securing a $920,000 funding package through Convertible Notes, aimed at repaying existing loans and supporting general working capital. This strategic move, subject to shareholder approval, includes a priority offer of options to current AS2O option holders, augmenting the company’s momentum in the lithium and uranium sectors in Africa. The initiative underscores Askari’s commitment to its Tanzanian uranium acquisition strategy and strengthens its balance sheet, providing greater financial flexibility and operational stability.

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