The latest update is out from MetalsTech Ltd ( (AU:MTC) ).
MetalsTech Limited has raised A$3.3 million to further develop its Sturec Gold Mine in Slovakia, aiming to enhance its balance sheet and advance its pre-feasibility study (PFS). The company is making significant progress in site infrastructure planning, process plant design, and mine development, with technological advancements in ore sorting expected to improve project economics. The completion of the PFS will mark a major milestone, potentially increasing the project’s value due to high gold and silver prices. The Sturec project is part of the Western Tethys Gold Belt, which hosts some of the largest gold projects globally.
More about MetalsTech Ltd
MetalsTech Limited is a company in the mining industry, primarily focused on gold mining. Its flagship project is the Sturec Gold Mine located in Slovakia, which hosts a significant gold resource. The company is engaged in advancing its projects with a focus on maximizing shareholder value.
YTD Price Performance: -30.0%
Average Trading Volume: 5,500
Technical Sentiment Signal: Buy
Current Market Cap: €11.7M
For detailed information about MTC stock, go to TipRanks’ Stock Analysis page.