MetalsTech Ltd (AU:MTC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
MetalsTech Limited has announced the advancement of their strategic process as the condition concerning the underground mining activity permit for the Sturec Gold Mine has been met, satisfying a key requirement of Trans Metal Fund’s US$81 million acquisition offer. Shareholders stand to benefit from an upfront cash payment, a subsequent payment upon the mine’s permit grant, and the option for MetalsTech to convert a royalty into a lump sum following commercial production.
For further insights into AU:MTC stock, check out TipRanks’ Stock Analysis page.
