Aussie lithium miner MetalsTech hits record high on deal with Chinese firm

Global Gold Mining

15/09/2021 02:02

** Shares of MetalsTech Ltd  MTC.AX  surge as much as 25.4%
to record high of A$0.445
    ** The gold and lithium explorer signs a strategic
investment agreement with China-based recycler Chifeng Jilong
Gold Mining Co Ltd  600988.SS  through its unit  urn:newsml:reuters.com:*:nASX71Wzxv
    ** Says Chifeng to subscribe for 5.9 mln MTC shares at 34
Australian cents apiece for an investment of A$2 mln ($1.46 mln)
    ** Stock posts biggest intraday pct jump since Sept 3,
heading for third straight winning session
    ** Trading volumes of 1.9 mln are nearly thrice the 30-day
avg volume of 691,742 shares
    ** Stock has added 73.2% this year, as of last close

($1 = 1.3672 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))