Calgary, Alberta--(Newsfile Corp. - July 6, 2026) - Metatek-Group Ltd. (TSX: MTEK) ("Metatek" or the "Company"), the exclusive global provider of Enhanced Full Tensor Gravity Gradiometry ("eFTG"), announces that airborne data acquisition operations have commenced in Nigeria under its largest multi-year contract to date.
The contract comprises over 210,000 line kilometres of advanced eFTG multi-disciplinary data acquisition, processing and interpretation services and is expected to be executed in three phases over approximately two years. Airborne operations mark the beginning of the contract's execution phase and enable revenue recognition in accordance with the contract terms.
"We are pleased to commence our second multi-year contract in Nigeria, having successfully delivered our first program from 2022 to 2025. This new project is larger in scope, both operationally and technically, and builds on the value demonstrated by our previous data in supporting resource exploration," said Dr. Mark Davies, CEO of Metatek.
"Throughout Q2, we have worked closely with our in-country partners to establish the operational framework for this significant program. With airborne operations now underway, we look forward to delivering this project in partnership with Broadlink and Nigeria's national energy industry."
Highlights:
Airborne eFTG data acquisition operations are now underway in Nigeria under the Company's largest multi-year contract to date.
Commencement of field operations marks the transition of the contract into its execution phase and the commencement of revenue recognition in accordance with the contract's terms.
Approximately 210,000 line kilometres of data acquisition to be executed over three phases.
Program expected to span two years, with the second phase to be acquired in 2027.
Contract builds on the successful completion of the Company's previous Nigeria program and the demonstrates the value of its eFTG data in supporting resource exploration.
About Metatek
Metatek (www.metatek-group.com) is a global geophysical services company providing high-definition mapping of subsurface strategic and critical mineral natural resources, energy (including hydrocarbons), helium and hydrogen, for exploration and development. Unlike traditional exploration companies, Metatek delivers rapid data acquisition, processing and scientific interpretation across air, land, and sea environments.
Metatek supports national energy security and helps accelerate the discovery of hydrocarbons, minerals essential for sustainable power, such as lithium, nickel, and copper, as well as identifying reservoirs for natural hydrogen and geothermal energy.