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Mt Monger Resources Ltd. ( (AU:MTM) ) has provided an update.
Metallium Limited has applied to the ASX for quotation of 657,245 new fully paid ordinary shares, issued on 21 January 2026 under the company’s code MTM. The shares are being issued to supplier Knight Hawke Engineering in lieu of cash fees, indicating Metallium is using equity as a form of non-cash consideration to settle liabilities, which may help preserve cash but will marginally dilute existing shareholders.
The most recent analyst rating on (AU:MTM) stock is a Hold with a A$0.92 price target. To see the full list of analyst forecasts on Mt Monger Resources Ltd. stock, see the AU:MTM Stock Forecast page.
More about Mt Monger Resources Ltd.
Metallium Limited, listed on the ASX under the code MTM, operates in the resources sector, though this announcement provides no additional detail on its specific commodities, projects or market focus.
Average Trading Volume: 6,717,373
Technical Sentiment Signal: Buy
Current Market Cap: A$577.4M
For detailed information about MTM stock, go to TipRanks’ Stock Analysis page.