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
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