https://newsletter.mw.creamermedia.com
Copper|Exploration|Gold|Mining|PROJECT|Projects
Copper|Exploration|Gold|Mining|PROJECT|Projects
copper|exploration|gold|mining|project|projects

Askari raises A$1.6m for lithium, uranium developments

22nd March 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

ASX-listed Askari Metals has successfully raised A$1.6-million through a share placement.

Tranche 1 of the placement is made up of 18.1-million shares, while Tranche 2, which is subject to shareholder approval, will comprise 6.5-million shares.

The company will dispatch a notice of a general meeting to shareholders soon.

MD Gino D’Anna plans to participate in Tranche 2 of the placement for A$50 000 worth of shares.

The company says the placement was strongly supported by new and existing shareholders, which supports Askari in further exploring around the Uis lithium project, in Namibia, and developing the Matemanga uranium project, in Tanzania.

Askari’s Uis project is located within 2.5 km of Andrada Mining’s Uis tin/tantalum/lithium mine.

Askari is looking to acquire more uranium projects in Tanzania, as well as develop a spin-out divestment strategy for its Australian exploration portfolio, which contains gold, copper, rare earths and lithium projects.

Meanwhile, Askari seeks to raise a further A$500 000 through a share purchase plan, which will be offered to existing shareholders towards the end of March.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.217 0.303s - 179pq - 2rq
Subscribe Now