MetalsTech Limited announced that it will issue 7,500,000 shares at a price of AUD 0.40 per share for gross proceeds of AUD 3,000,000 on December 22, 2022. The transaction will include participation from returning investor Chijin International (HK) Limited for 9% stake. The transaction is expected to close on December 23, 2022.

The transaction has been approved by executive board of the company.