Askari Metals secures A$850,000 funding package

Askari Metals Limited (ASX: $AS2) has secured a A$850,000 funding package through Redeemable Notes with professional and sophisticated investors. The funding will enable the company to aggressively pursue its Tanzanian uranium acquisition strategy, strengthen its recently acquired Matemanga Uranium Project, and reinforce its African-focused clean energy mandate. Additionally, the proceeds will fund low-cost, high-impact exploration campaigns at the Uis Lithium Project, where trenching, mapping, and sampling are defining high confidence drill targets. The company has also appointed Lincoln Ho as a Non-Executive Director.

Executive Commentary on Funding and Strategic Direction

Askari Managing Director Gino D'Anna expressed, 'We are pleased to have secured this significant funding package for the Company. Having access to these funds will enable us to execute our aggressive uranium acquisition strategy in Tanzania, strengthening our position in this sector following our recent acquisition of the Matemanga Uranium Project, and position Askari to unlock further advanced opportunities. At the same time, the Company is continuing with its low-cost, high-impact exploration campaigns at the Uis Lithium Project having identified further high-grade targets. We look forward to keeping our shareholders and investors updated as we progress.'

Summary of ASX Announcement

Askari Metals has successfully secured a A$850,000 funding package through Redeemable Notes, allowing the company to focus on executing its acquisition and exploration strategies across Tanzania and Namibia. The funding will support the aggressive pursuit of the Tanzanian uranium acquisition strategy, strengthen the recently acquired Matemanga Uranium Project, and reinforce the African-focused clean energy mandate. Additionally, the proceeds will fund low-cost, high-impact exploration campaigns at the Uis Lithium Project. The company is also finalizing a Notice of Meeting to approve various business matters for Shareholders, demonstrating its commitment to keeping shareholders updated on the progress of its activities. With the funding in place, Askari Metals is well-positioned to advance its strategic goals and exploration initiatives in the African region.