https://newsletter.mw.creamermedia.com
Energy|Exploration|Mining|PROJECT|Projects|Water
Energy|Exploration|Mining|PROJECT|Projects|Water
energy|exploration|mining|project|projects|water

Askari secures A$850 000 funding package to advance its Tanzanian uranium strategy

23rd July 2024

By: Creamer Media Reporter

     

Font size: - +

Southern African exploration company Askari Metals has secured an A$850 000 funding package, comprised of redeemable notes with professional and sophisticated investors, to "aggressively pursue" its Tanzanian uranium investment strategy.

This follows the company's recent acquisition of the Matemanga project, in Tanzania.

"At the same time, the Company is continuing with its low-cost, high-impact exploration campaigns at the Uis lithium project, [in Namibia], having identified further high-grade targets," says Askari MD Gino D'Anna.

Askari is actively exploring and developing its Uis lithium project – 2.5 km from Andrada Mining's operating Uis tin/tantalum/lithium mine and about 230 km from the deep-water port of Walvis Bay.

The ASX-listed company acquired the Matemanga project in February.

In an update to shareholders, in April, Askari said it would execute multiple exploration streams across Namibia and Tanzania, with the Uis and Matemanga projects being a key part of its overall strategic focus on the clean energy market.

 

 

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

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:0.054 0.128s - 127pq - 2rq
Subscribe Now