Metatek Awarded Department of Energy Contract in the Philippines

About this update from Metatek-group Ltd.

Calgary, Alberta--(Newsfile Corp. - August 4, 2026) - Metatek Group Ltd. (TSX: MTEK) ("Metatek" or the "Company"), the exclusive global provider of Enhanced Full Tensor Gravity Gradiometry ("eFTG") and Digital Full Tensor Gravity Gradiometry ("dFTG"), today announced that it has been awarded a multi-disciplinary airborne geoscience data acquisition, processing and interpretation contract by the Department of Energy ("DOE") of the Government of the Philippines following a competitive international tender process. The program will use Metatek's integrated airborne geoscience technologies to support the DOE's objective of improving its understanding of the country's subsurface geology and identifying areas with potential for future resource development. "This contract award represents another important milestone for Metatek and reflects the dedication of our technical, commercial and operational teams in working closely with the DOE to understand its objectives and design a program tailored to its requirements," said Dr. Mark Davies, Chief Executive Officer of Metatek. "As one of Southeast Asia's largest and most geologically prospective countries, the Philippines has significant potential across a broad range of mineral and energy systems. While exploration has been undertaken in many regions, substantial areas have yet to benefit from modern, high-resolution airborne geophysical surveys. Through this program, the DOE will establish an important new geoscience foundation to support future exploration, investment and resource development." "This award establishes Metatek's first program in the Philippines and further expands our sovereign government portfolio across Southeast Asia and the Pacific Rim, where we are now supporting five national governments through eFTG led programs. It also reinforces our strategy of partnering with governments to build the geoscience foundations that support resource discovery, attract investment and underpin sustainable economic development." "National geoscience programs are typically delivered in phases over a number of years as governments progressively expand coverage, integrate complementary legacy datasets and refine Areas of Interest for follow-up exploration. The Philippines represents a significant long-term opportunity as additional regions are evaluated using modern airborne geophysical methods. While the tim...

View stock analysis, news, and events for Metatek-group Ltd.