MetalsTech (MTC) Q2 2025 TU earnings summary

Executive summary

• Secured a PFS and Working Capital Facility of up to $5 million to advance the Sturec Gold Mine in Slovakia.

• Mining One appointed to complete the Pre-Feasibility Study (PFS) for an underground-only operation.

• Updated Scoping Study demonstrates robust project economics with a pre-tax NPV8% of US$768M and IRR of 162%.

• Mining activities officially recommenced on 1 December 2024 following permit approvals.

• Identified potential antimony mineralisation within the Sturec deposit, offering additional upside.

Financial highlights

• Cash outflows from operating activities for the quarter were $285,000, mainly for admin, staff, and taxes.

• Investing outflows totaled $640,000, primarily for site exploration and PFS retainer.

• Financing inflows of $890,000 from facility drawdown and partial note repayment.

• Cash and cash equivalents at 31 December 2024 were $38,000.

• Estimated quarters of funding available: 4.4, with $4 million in unused facilities.

Outlook and guidance

• Focused on completing the PFS to unlock maximum value from Sturec amid strong gold and silver prices.

• Ongoing stakeholder engagement and infrastructure improvements to support permitting and community relations.

• Continued evaluation of antimony mineralisation and other gold sector opportunities.