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| Askari Metals |
CPS to aid capital market engagement for Askari's lithium and critical minerals strategy
Alliance strengthens Askari’s corporate reach in African project acquisition
Askari Metals (ASX:AS2) has appointed CPS Capital Group as its strategic capital markets adviser for the next 12 months, as the company accelerates its transition into a focused African explorer of battery metals.
CPS, a seasoned investment group with a strong track record in global mining finance, will assist Askari in engaging both new and existing investors to support its African expansion strategy. In exchange, Askari will issue A$90,000 worth of ordinary shares to CPS or its nominee.
“We are delighted to appoint CPS Capital as the company’s capital markets strategic advisor,” said Gino D’Anna, Askari’s executive director. “CPS shares our vision for Askari to become a disciplined and focused African explorer.”
Askari is currently evaluating multiple advanced African exploration projects, with a particular focus on lithium and critical minerals. The company expects the CPS partnership to help expand its corporate reach and support value creation through high-impact acquisitions.
The company’s flagship Uis lithium project in Namibia is situated along strike of Andrada Mining’s operating Uis tin mine, underscoring the project’s strategic location. In addition to Uis, Askari holds a portfolio of lithium, rare earth, and copper-gold assets across Western Australia, the Northern Territory, and New South Wales.
With this new strategic alliance, Askari is positioning itself to become a major player in the global critical minerals supply chain, leveraging both African exploration potential and existing domestic assets.
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