Shares of Australian gold-mining company, MetalsTech (ASX:MTC), experienced an increase as high as 6.7% reaching A$0.160.

This marked the company’s largest intraday percentage gain since September 8th.

Additionally, MetalsTech (ASX:MTC) reached its highest level since September 21st.

The company announced that it has acquired the Sauvolles Lithium Project located in Quebec, Canada.

The acquisition includes multiple mapped pegmatites and mineralogy, with field exploration set to kick off in the following weeks with Magnor Exploration.

Trading volume saw nearly 126,500 shares change hands, outstripping the 30-day average volume of 30,892 shares.

However, the stock is still down 71% this year, as per the most recent closing.

MetalsTech (ASX:MTC) is a company based in Australia, specializing in gold exploration.