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MetalsTech Ltd ( (AU:MTC) ) has provided an announcement.
MetalsTech Limited has successfully completed two strategic placements, raising a total of A$3.3 million to strengthen its balance sheet and support the development of the Sturec Gold Mine. The company is advancing its pre-feasibility study (PFS) for the mine, with technological advancements in ore sorting expected to improve project economics. The high gold and silver prices are attracting significant interest in the project, and the completion of the PFS is anticipated to be a major milestone, enhancing shareholder value.
More about MetalsTech Ltd
MetalsTech Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company’s primary project is the Sturec Gold Mine in Slovakia, which hosts a significant gold resource and is undergoing development to enhance its economic viability.
Average Trading Volume: 132,193
Technical Sentiment Signal: Sell
Current Market Cap: A$29.98M
Find detailed analytics on MTC stock on TipRanks’ Stock Analysis page.