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Metalstech Limited (ASX:MTC)

ALERT: Price-sensitive ASX Announcement for MTC
Current share price for MTC : $0.165 -0.115 (-41.07%)+
Announcement
Release
15 Jan 2026 10:01AM
Price at Release
$0.280
Full Release
download
Summary
MetalsTech Limited has announced a successful capital raising of approximately $9.4 million through a share placement to accelerate the development of its Sturec Gold Project. The placement involved issuing approximately 45.65 million shares at $0.205 each, reflecting a 25% discount to the recent trading average. Additionally, around 9.76 million shares will be issued to convert a $2 million debt to Minerva Investment Company Limited. The funds will be utilized for the Pre-Feasibility Study, further exploration, environmental studies, community engagement, and working capital.
Key Points
  • MetalsTech raised $9.4 million through share placement.
  • Issued 45.65 million shares at $0.205 each.
  • Funds to be used for Sturec Gold Project development.
  • 9.76 million additional shares issued for debt conversion.
  • Placement supported by existing and new investors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.