MetalsTech (ASX:MTC) raises $3.3M to accelerate Sturec Gold development

Mining

ASX:MTC MCAP $20.57M

Founding Director, Gino D'AnnaSource: MetalsTech

• 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 is 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
• Metalstech is aiming to be "deal-ready" by 2021
• Company shares are down just under seven per cent and trading for 20 cents just after midday trade

Read the full article on The Market Herald here: https://themarketherald.com.au/metalstech-asxmtc-raises-3-3m-to-accelerate-sturec-gold-development-2020-09-21/