Askari Metals Limited (AU:AS2) has released an update.
Askari Metals Limited has announced the sale of its Callawa Project in Western Australia to Muccanabout Pty Ltd, in line with its strategy to focus on uranium and lithium exploration in Tanzania and Namibia. The deal includes an initial cash payment of A$55,000, followed by A$70,000 six months later, after which Muccanabout will gain full ownership. This move is part of Askari’s broader plan to monetize its Australian exploration assets and implement cost-saving measures.
For further insights into AU:AS2 stock, check out TipRanks’ Stock Analysis page.
