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MetalsTech Ltd ( (AU:MTC) ) just unveiled an announcement.
MetalsTech Ltd has notified the ASX of a proposed placement of up to 55,406,098 new fully paid ordinary shares, to be issued on or around 12 February 2026 under an Appendix 3B filing. The capital raise, via a placement or similar structure, will expand the company’s share base and is likely aimed at strengthening its funding position, though the announcement provides no detail on use of proceeds or specific strategic initiatives tied to the new issuance.
The most recent analyst rating on (AU:MTC) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on MetalsTech Ltd stock, see the AU:MTC Stock Forecast page.
More about MetalsTech Ltd
Average Trading Volume: 182,122
Technical Sentiment Signal: Buy
Current Market Cap: A$62.2M
See more insights into MTC stock on TipRanks’ Stock Analysis page.