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 disclosed a transaction where Minerva Investment Company Limited and Xiaowu Li, a Chinese mining investor, will acquire a 17.9% stake in the company, becoming the largest voting interest. This strategic move, aimed at advancing the Sturec Gold Mine in Slovakia, is expected to provide technical and financial support to MetalsTech, including the delivery of a Pre-Feasibility Study, which is seen as crucial for the mine’s development and de-risking. The company believes this partnership will benefit all shareholders by contributing to the future success of the Sturec Gold Mine.
For further insights into AU:MTC stock, check out TipRanks’ Stock Analysis page.
