Askari Metals Limited (AU:AS2) has released an update.
Askari Metals Limited announced the successful completion of a share placement with 18,103,178 shares issued at 6.5 cents each, completed with the support of BW Equities, Alpine Capital, and Peak Asset Management. The placement utilized the company’s capacity under ASX Listing Rules 7.1 and 7.1A and was issued without the need for disclosure under Section 708A(5) of the Corporations Act. The company is actively exploring and developing its Uis Lithium Project in Namibia and is considering divestment options for its Australian projects, including gold, copper, lithium, and REE projects.
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