Metatek-Group Secures Loan for New Gravity Gradiometry Equipment
- Editor
- Jan 29
- 2 min read
What's Happening: Metatek-Group Ltd. has closed a senior secured loan from Rochefort Management LLC and Serengeti Asset Management LP. The funds were used to acquire a new Digital Full Tensor Gravity Gradiometry (dFTG) instrument and a DC-3 aircraft, enhancing Metatek's geophysical exploration capabilities.
The Key Moves:
Metatek acquired a 5th generation dFTG instrument to expand its sub-surface imaging services.
The company purchased a DC-3 aircraft, previously operated under a right of use agreement.
The loan was provided by Rochefort Management and Serengeti Asset Management, demonstrating their confidence in Metatek's growth potential.
By The Numbers :
This is Metatek's 5th generation dFTG equipment, indicating a significant technological upgrade.
The loan facilitated the acquisition of 2 major assets: the dFTG instrument and a DC-3 aircraft.
Metatek serves multiple industries including minerals, oil and gas, carbon sequestration, and other critical resources exploration.
Key Quotes:
Dr. Mark Davies, CEO of Metatek: "Their efficient execution of this complex transaction is transformative for our company as it allows us to accelerate our ability to service our clients by deploying additional state-of-the-art instrumentation."
Kyle Bass, Managing Partner at Hayman Capital Management: "As recent events continue to demonstrate, our reliance on guidance technologies based on global positioning systems is coming under increasing pressure from jamming and other disruptions."
Jody LaNasa, Managing Partner of Serengeti: "Our goal as investors is to find companies at inflection points and to provide them with the capital to take their business to a new level."
The Bottom Line: This strategic investment positions Metatek to enhance its geophysical exploration services with cutting-edge technology. The backing from Rochefort and Serengeti underscores the importance of gravity gradiometry in resource exploration and potentially in addressing national security concerns related to GPS vulnerabilities.
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