MetalsTech: Raises $3.3M to accelerate Sturec Gold development

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.
  • Lithium company MetalsTech (MTC) has secured $3.3 million in a private placement to accelerate the development of Sturec Gold mine
  • The company issued 20 million shares at a price of 16.5 cents per share to sophisticated and professional investors
  • MetalsTech is currently developing its flagship Sturec Underground mine in Slovakia
  • The company now well funded to achieve its near term goals at Sturec
  • These goals include the underground roadway development, resource expansion drilling, scoping study and a pre-feasibility study
  • Company shares are down just under seven per cent and trading for 20 cents just after midday trade
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