MetalsTech (MTC) H2 2026 earnings summary

Executive summary

• Rebranded as Global Gold Mining Limited (GGM) in August 2026, reflecting a global gold-focused strategy anchored by the 100% owned Sturec Gold Project in Slovakia.

• Board restructured with new executive and non-executive directors, bringing significant mining, geology, and finance expertise.

• Maintained a strong balance sheet with $7.7 million in cash as of 30 June 2026, supporting over 12 months of operations.

• Advanced the Sturec Pre-Feasibility Study (PFS) with ongoing drilling, metallurgical test work, and environmental assessments.

• Sturec hosts a JORC (2012) resource of 2.7Moz gold and 22.2Moz silver, with a pre-tax NPV8% of US$768 million and IRR of 162%.

Financial highlights

• Net loss after tax for FY26 was $2,691,427, compared to a $2,512,183 loss in FY25.

• Revenue (interest income) was $86,906, up from $5,488 in the prior year.

• Net assets increased to $17,047,572 from $6,205,260 year-over-year.

• Cash and cash equivalents rose to $7,712,093 from $1,622,981 year-over-year.

• Share-based payment expense of $1,127,184 recognized for director options.

Outlook and guidance

• Focus remains on completing the Sturec PFS and progressing to a financeable development decision.

• Near-term priorities include finalizing the PFS, advancing metallurgical and ore-sorting test work, and pursuing global growth opportunities.