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Askari Metals Limited ( (AU:AS2) ) has shared an announcement.
Askari Metals Limited has secured a $350,000 investment from Celtic Finance Corp., a sophisticated investor, to bolster its working capital for advancing its uranium strategy in Tanzania and expanding its network of funding partners. This strategic placement is intended to support the company’s growth in the emerging tier-1 uranium province in southern Tanzania, including the acquisition of additional uranium projects, and to fund the continued development of the Uis Lithium Project in Namibia. The company also plans to divest its Australian exploration portfolio, which includes gold, copper, REE, and lithium assets.
More about Askari Metals Limited
Askari Metals Limited operates in the mining industry with a focus on exploring and developing uranium, lithium, gold, copper, and rare earth elements (REE) projects. The company is expanding its uranium portfolio in Tanzania and continues development of its lithium project in Namibia, while also holding exploration assets in Australia.
YTD Price Performance: 10.0%
Average Trading Volume: 638,007
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.55M
Learn more about AS2 stock on TipRanks’ Stock Analysis page.
