MetalsTech Advances Sturec Gold Mine with Strategic Share Transactions

MetalsTech Limited (ASX: MTC) announced a series of off-market share transactions involving Executive Director Gino D’Anna, his related entities, and spouse Rachel D’Anna, resulting in the sale of 23,041,940 shares across three agreements worth AU$9.96 million. Together with a previous non-refundable deposit of AU$1.21 million, total proceeds reach AU$11.17 million, equating to ~AU$0.485 per share. The buyers—Shuihua Investment, Longwell Capital, and Minerva Investment—are private equity and mining-focused investors from Hong Kong and China with a history of bringing mining projects into production. While there are no immediate board or shareholder-level changes, Minerva may nominate a director post-settlement. Proceeds and support from the new investors are expected to bolster the Pre-Feasibility Study (PFS) at the Sturec Gold Mine in Slovakia. Independent directors consider the transactions beneficial for shareholders, as they de-risk development and strengthen access to technical expertise and funding.

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