MetalsTech Secures Over AU$9 Million Through Share Placement; Shares Tumble 14%

MT Newswires Live

Jan 15

MetalsTech (ASX:MTC) received firm commitments to raise AU$9.4 million through the placement of about 45.7 million shares at AU$0.205 each, representing a 25% discount to the stock's 15-day volume-weighted average price, according to a Thursday filing with the Australian bourse.

The company also plans to issue about 9.8 million shares to Minerva Investment under the conversion agreement to repay AU$2 million of outstanding debt, the filing said.

The proceeds will be used to complete a pre-feasibility study, conduct further resource and exploration drilling, carry out environmental studies and community engagement, and support working capital requirements, the filing added.

The company's shares fell around 14% in recent Thursday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2603662395"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2603662395\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2603662395?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-15 08:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2603662395","market":"fut","top_or_hot":-1,"title":"MetalsTech Secures Over AU$9 Million Through Share Placement; Shares Tumble 14%","media":"MT Newswires Live","content":"<html><body><p> MetalsTech (ASX:MTC) received firm commitments to raise AU$9.4 million through the placement of about 45.7 million shares at AU$0.205 each, representing a 25% discount to the stock's 15-day volume-weighted average price, according to a Thursday filing with the Australian bourse.</p><p>The company also plans to issue about 9.8 million shares to Minerva Investment under the conversion agreement to repay AU$2 million of outstanding debt, the filing said.</p><p>The proceeds will be used to complete a pre-feasibility study, conduct further resource and exploration drilling, carry out environmental studies and community engagement, and support working capital requirements, the filing added.</p><p>The company's shares fell around 14% in recent Thursday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MetalsTech Secures Over AU$9 Million Through Share Placement; Shares Tumble 14%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetalsTech Secures Over AU$9 Million Through Share Placement; Shares Tumble 14%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-01-15 08:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> MetalsTech (ASX:MTC) received firm commitments to raise AU$9.4 million through the placement of about 45.7 million shares at AU$0.205 each, representing a 25% discount to the stock's 15-day volume-weighted average price, according to a Thursday filing with the Australian bourse.</p><p>The company also plans to issue about 9.8 million shares to Minerva Investment under the conversion agreement to repay AU$2 million of outstanding debt, the filing said.</p><p>The proceeds will be used to complete a pre-feasibility study, conduct further resource and exploration drilling, carry out environmental studies and community engagement, and support working capital requirements, the filing added.</p><p>The company's shares fell around 14% in recent Thursday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MTC.AU","symbol_name":"METALSTECH LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2603662395","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603662395","pubTimestamp":1768435842,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"MetalsTech  received firm commitments to raise AU$9.4 million through the placement of about 45.7 million shares at AU$0.205 each, representing a 25% discount to the stock's 15-day volume-weighted average price, according to a Thursday filing with the Australian bourse.The company also plans to issue about 9.8 million shares to Minerva Investment under the conversion agreement to repay AU$2 million of outstanding debt, the filing said.The proceeds will be used to complete a pre-feasibility study, conduct further resource and exploration drilling, carry out environmental studies and community engagement, and support working capital requirements, the filing added.The company's shares fell around 14% in recent Thursday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MTC.AU":"METALSTECH LTD","BK7095":"多种金属与采矿","BK7504":"锂钴概念"},"translate_title":"MetalsTech通过配股获得超过900万澳元；股价暴跌14%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTC.AU":1},"content_text":"MetalsTech (ASX:MTC) received firm commitments to raise AU$9.4 million through the placement of about 45.7 million shares at AU$0.205 each, representing a 25% discount to the stock's 15-day volume-weighted average price, according to a Thursday filing with the Australian bourse.The company also plans to issue about 9.8 million shares to Minerva Investment under the conversion agreement to repay AU$2 million of outstanding debt, the filing said.The proceeds will be used to complete a pre-feasibility study, conduct further resource and exploration drilling, carry out environmental studies and community engagement, and support working capital requirements, the filing added.The company's shares fell around 14% in recent Thursday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}