MetalsTech (ASX:MTC) to spin out Quebec lithium assets

• MetalsTech (MTC) has proposed a spin-out of its high-grade lithium assets in Quebec, Canada
• The spin-out will create a new company, which will be a wholly owned Australian subsidiary of MetalsTechIn conjunction with the spin-out, the newly created company will undertake an initial public offering to raise up to $8 million
• If the spin-out is approved shareholders, MTC is planning to appoint lithium industry veteran Chris Evans as its Executive for lithium operations
• On the market this afternoon, MetalsTech is up 5.88 per cent and is trading at 18 cents per share

Read the full article on The Market Herald here.