MetalsTech Ltd (AU:MTC) has released an update.
MetalsTech Ltd has announced significant progress with a proposed transaction of US$36 million for the Sturec Gold Mine from Trans Metal Fund, plus an additional US$20 million upon the permit grant for underground mining, which the company has now received. The company is also engaging in a competitive strategic process with multiple parties showing interest, and has successfully completed an equity raise of approximately $1.6 million to further the strategic process and explore new opportunities.
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