MTM - Metallium Limited

still selling the story:

MTM Critical Metals has announced its flash joule heating (FJH) technology has successfully removed nearly 50 per cent of the main impurities (iron, aluminium, calcium and phosphorus) from REE flotation concentrate in a single step.

Now able to deliver a 50 per cent increase in REE concentration in the final product, the two-step solution, which includes rapid FJH and a water wash, is currently undergoing even more testing works to optimise it further.

MTM chief executive officer Michael Walshe said the FJH breakthrough has significant implications for the rare earth industry, addressing critical challenges in sustainable production, onshoring refining and increased supply chain security.

Producing REE chlorides directly from flotation concentrate simplifies the refining process, making REEs more accessible for key sectors such as renewable energy, advanced manufacturing, and defence.

“This transformative result validates the enormous potential of flash joule heating in simplifying and improving rare earth processing.”

“Achieving such high impurity removal and REE concentration in a single step is a game changer and we are only at the beginning of this testing regime.

“We are continuing discussions with leading industry players to advance this technology towards commercial-scale deployment.”

The FJH process offers an alternative to traditional “cracking and leaching” processing methods, which typically involve sulfuric acid baking at high temperatures to convert rare earth minerals into partially soluble REE sulfates.

This conventional approach is resource-intensive, demanding substantial energy input for high temperature operations and vast volumes of water to dissolve the sparingly soluble REE sulfates.

The FJH technology aims to bypass these inefficiencies by creating purified REE chlorides in a single operation.

The benefits include using significantly less water through dry reactions, using less energy by heating the material directly, streamlining the downstream process and creating less waste.

MTM ihas had a very good few months and had a great day on Friday, jumping up almost 15%. It's a big ask, but I'm hoping this bullish momentum will continue into December and MTM will finish the month in the green.

greggles said:

MTM ihas had a very good few months and had a great day on Friday, jumping up almost 15%. It's a big ask, but I'm hoping this bullish momentum will continue into December and MTM will finish the month in the green.

Click to expand...

good luck. It went more than 20% on Friday. Candidly never knew the company until saw your tip for Dec. Gees - thats a big jump

slide deck out

• External validation from a major player received
• The next generation of metal recovery technology
• Enhances national security by reducing reliance on imports.
• Sustainable solution for by converting waste into value
• Empowers industries with local access to critical metals for tech
• Scalable solution for growing demand

US listing soon

up today ... $0.105

Dona Ferentes said:

slide deck out

• External validation from a major player received
• The next generation of metal recovery technology
• Enhances national security by reducing reliance on imports.
• Sustainable solution for by converting waste into value
• Empowers industries with local access to critical metals for tech
• Scalable solution for growing demand

US listing soon

up today ... $0.105

Click to expand...

Looks good doesn't it ? The last report on the effectiveness

Dona Ferentes said:

still selling the story:

Click to expand...

no holding back ... $0.20

Dual trading enhances accessibility for U.S. investors to MTM stock, fostering increased liquidity and broader shareholder engagement.

HIGHLIGHTS:
- Trading to commence on OTCQB under the ticker MTMCF.
- OTCQB recognised as an Established Public Market by the SEC.
- Offers enhanced investor benefits, including streamlined trading access for U.S.- based investors.
- Enables engagement with a network of U.S. investors, data distributions and media partners.
- Supports U.S. focus on securing critical materials through advanced technology solutions.
- ASX compliance qualifies for exemption under US regulations, minimising additional costs.

A trading halt is requested pending an announcement regarding a strategic placement to institutional investors.
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now $0.145
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- that could hold back the price until, say, early 2025?

MTM COMPLETES $7.5M STRATEGIC PLACEMENT TO LEADING INSTITUTIONAL INVESTORS, INCLUDING PENGANA AND TERRA CAPITAL

▪ Pengana Capital has invested $4 million, becoming a substantial shareholder in MTM.
▪ Pengana's support aligns with their existing investment in comparable ASX and NASDAQ-listed companies.
▪ Terra Capital, an existing substantial shareholder of MTM, has increased its holding.
▪ Unsolicited Institutional Demand: Driven by leading investors recognising the growing global momentum for onshoring critical metals and industrial technologies to the US.
▪ Issue Price of $0.145 per New Share; the placement was completed at 0% discount to the last traded price, highlighting the strong investor confidence in MTM's strategic direction and growth potential
▪ The placement also attracted backing from a substantial international Family Office, further broadening MTM’s institutional shareholder base.
▪ Strong pipeline of newsflow expected throughout 2025: Upcoming updates on the pilot facility, ongoing testing programs, and advancements in strategic collaborations.

Market very happy with the announcement. New shareholders already 30% up on their investment.

Article today.
Not Held
Not buying

"MTM Critical Metals has revealed a “further breakthrough” in its two-step flash joule heating (FJH) technology, designed to change to the way rare earth elements (REE) are processed.

The FJH process offers an alternative to traditional “cracking and leaching” processing methods, which typically involve sulfuric acid baking at high temperatures to convert rare earth minerals into partially soluble REE sulfates.

This conventional approach is resource-intensive, demanding substantial energy input for high temperature operations and vast volumes of water to dissolve the sparingly soluble REE sulfates.

The FJH technology aims to bypass these inefficiencies by creating purified REE chlorides in a single operation.

In November 2024, MTM announced its FJH technology had successfully removed nearly 50 per cent of the main impurities – including iron, aluminium, calcium and phosphorus – from a REE flotation concentrate in a single step, reducing water consumption, chemical reagent usage, and downstream refinement complexities.

To build off these impressive results, the company carried out more testing works to optimise the technology further.

Now, MTM’s FJH technology has successfully removed approximately 95 per cent of the main impurities, including iron, aluminium and phosphorus, from REE concentrate in the same single step.

The innovation has also achieved 93 per cent average conversion of REEs to chlorides, enhancing efficiency through refined carbo-chlorination parameters.

MTM managing director and chief executive officer Michael Walshe said the FJH technology is set to offer significant economic and environmental advantages, including reduced costs, streamlined REE production, and reduced reliance on foreign REE supply chains such as China.

“This breakthrough in REE processing simplifies rare earth extraction by producing REE-chlorides – a more valuable, easier-to-handle, and refined intermediate compared to traditional REE-sulphates,” Walshe said.

“This includes the highly valuable and strategically critical magnet REEs: Nd (neodymium), Pr (praseodymium), Dy (dysprosium), and Tb (terbium).

“Building on previous successes, it highlights the transformative potential of FJH technology to deliver higher efficiencies and a more sustainable alternative to incumbent methods.”

Throughout 2025, MTM plans to continue carrying out testing programs across multiple critical metal feedstocks such as rare earths, lithium, and e-waste to further validate the FJH technology."

I am choosing MTM as one of my shares in the 2025 Full Year comp.

I think their flash heating technology is exceptionally promising. This could be a boomer. (But then so could many other hopefuls couldn't they?)

29 Jan
Progress on US-Based Technology Demonstration Plant
(The 1-ton-per-day Flash Joule Heating Demonstration Plant)
▪ Design Progress: Process and mechanical design criteria on track for completion by end of February 2025, with key engineering milestones achieved to advance towards long-lead equipment procurement thereafter.
▪ Site Selection: Extensive search underway across Gulf Coast USA for a suitable commercial premises, with several areas already shortlisted & initiatives afoot to secure existing industrial site to expedite timelines.
▪ Targeted Operations: Start-up of the inaugural plant remains on track for Q4 2025.
▪ Strategic Site Focus on Texas, USA: Pro-business environment, streamlined permitting, skilled workforce, world-class infrastructure, and strong legacy in chemical processing provide unparalleled advantages.
▪ Engagement with technology parks & development authorities across Gulf Coast States to explore potential infrastructure support & incentives, aligned with advanced manufacturing & STEM job creation initiatives.
▪ MTM is also actively evaluating U.S. Government funding programs designed to accelerate the reshoring of critical materials & advanced manufacturing, supporting domestic supply chain security and innovation.
▪ Regulatory Advantages: Anticipated favourable conditions under the new Trump Administration to support critical metals extraction and onshoring initiatives, particularly in pro-business Gulf Coast States.

• MTM Critical Metals finalises process design of 1tpd FJH demonstration plant
• Procurement of long-lead equipment now progressing
• Company on track to start operations before the end of 2025

Special Report: MTM Critical Metals has taken a major step towards commercialisation with the finalisation of the process design for its Flash Joule Heating demonstration plant in the US.

This includes key process parameters including flow rates, material balances and operating conditions, final equipment selection that enables procurement of critical components, and regulatory readiness which supports permitting and site selection.

MTM Critical Metals (ASX:MTM) is now progressing procurement of long-lead equipment – including gas clean-up systems and other critical components – and is on track to start operations before the end of 2025.

The planned facility seeks to produce 1t of critical metals such as gallium and germanium each day from scrap material using the company’s Flash Joule Heating technology – an advanced electrothermal process that uses less energy and reagents than traditional methods.

Success will validate the technology at scale, paving the way for larger modular units and strategic partnerships.

Key engineering partner KnightHawk Engineering has demonstrated its confidence in the FJH technology and its execution by deferring a portion of its fees into equity in MTM.

MTM is still into mining.

• 20 February, 2024
• • Rare Earths

WRITTEN BY Joshua Smith

MTM launches new REE exploration in WA​

After snapping up a new niobium and rare earth elements (REE) project and bolstering its balance sheet by $7 million, MTM Critical Minerals (ASX:MTM) has launched fresh exploration in Western Australia.

The $9.19 million market capitalisation company has started reprocessing available geophysical survey data over the new project area and assessing options for the collection of new magnetic and gravity geophysical data to help generate drill targets.
At the same time, MTM is launching negotiations around heritage agreements with local Native Title holders to obtain access to its new tenements.

The exploration and negotiation work follows MTM’s acquisition of privately held Flash Metals, which holds an option to exclusively negotiate the rights to the Flash Joule Heating technology developed by Rice University.

As part of the acquisition deal, MTM paid Flash 100 million MTM shares and 50 million quoted options, as well as 37 million performance rights and 15 million unquoted options exercisable at $0.15 and expiring on 30 December 2026.

Update of First Quarter results. Some very encouraging results in developing the flash joule heating project

Strong sustained buying pressure has pushed MTM up 26% today. No announcements as yet.

via @finicky

busy

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15 May: Lease Terms for MTM’s First U.S. Critical Metals Recovery Facility - 5-hectare, industrial site located in U.S. Gulf Coast Industrial Corridor (Chambers County, Texas, USA).
13 May: Pre-Permitted Production Site Secured in Heart of U.S. Energy Corridor
06 May : ASX price query*
30 April: Quarterly Highlights.
The quarter was marked by strong technical progress, major project milestones, and continued momentum in MTM’s mission to advance commercialisation of its proprietary Flash Joule Heating (FJH) technology.

MOU WITH VEDANTA FOR RED MUD RECYCLING
- Global Opportunity Secured: MTM signed a non-binding MOU with US$20B market cap Vedanta Ltd to explore Red Mud (bauxite residue) repurposing and metal recovery.
- Stage 1 Success: FJH was used to remove iron from Vedanta’s Red Mud, producing a saleable ferric chloride product and rendering the material suitable for low-carbon cement applications. Stage 2: recover high-value metals like gallium, scandium, alumina, REEs, and titanium from the iron-reduced residue.
- Massive Addressable Market: Red Mud stockpiles globally exceed 4 billion tonnes, a major opportunity for critical metals recovery.

1TPD DEMONSTRATION PLANT – COMMERCIALISATION ON TRACK
- Process Design Finalised: KnightHawk Engineering completed the 1TPD plant process design, locking in key parameters to guide procurement and fabrication.
- Site Selection Progressing: Discussions with industrial parks and economic authorities in Texas and the Gulf Coast are ongoing to secure a pre-permitted site.
- Procurement Underway: Long-lead equipment orders underway, keeping operations on track for Q4 2025.
- KnightHawk Alignment: KnightHawk Engineering has converted part of its success fee into MTM equity, demonstrating strong alignment with MTM’s long-term success.

FJH TECHNOLOGY ADVANCEMENT IN RARE EARTHS PROCESSING
- Breakthrough REE Processing Performance: Achieved high conversion of REEs to chlorides with >90% purity and ~95% impurity removal, validating a compact, single-step process offering a disruptive alternative to traditional methods.
- Market-Ready REE Chlorides: Results demonstrate production of high-purity magnet REE chlorides (Nd, Pr, Dy, Tb) from monazite concentrate, significantly reducing downstream purification complexity and reagent usage.

GALLIUM & GERMANIUM RECOVERY MILESTONE
- Successful Recovery from metal refinery waste: MTM achieved ~90% Ga and ~80% Ge recovery rates using FJH with no acids, outperforming conventional recovery methods.
- Strategic Relevance: The advancement positions MTM to address urgent U.S. supply chain vulnerabilities exacerbated by ongoing Chinese export restrictions.
- Strategic Support: Testing was enabled by MTM’s partnership with Indium Corporation, strengthening the path to scaled deployment.

* from the ASX query:
Response:
MTM has become aware of a report that has been written by Mr George Gilder, a US based technologist in a publication called “Gilder’s Technology Report” which is titled “Getting Rich from the Coming Glut of ‘Rare Earths”. Gilder’s Technology Report is a subscriber only publication which we are advised has a subscription base of more than 100,000 individuals, mostly US and European based. A copy of this report has been made available to the Company today (8th May 2025) and we have observed that a link to this report has been circulated on social media platform (HotCopper) today.

In November 2024, MTM was invited to present its Flash Joule Heating system at a technology summit called COSM (which is hosted by Mr Gilder). The Company recently hosted Mr Gilder at its facilities in Houston where he observed the Flash Joule Heating process being carried out at KnightHawk Engineering’s facilities. The Company is uncertain that this Gilder publication would influence the price and volume of trading in MTM shares but it is aware of the strong following that this publication has and the potential influence that it may have on its subscribers.

We make reference to two recent ASX announcements regarding the securing of long-term supply agreements in relation to e-scrap and the strong recovery rates of precious metals from testing of these materials using the Flash Joule Heating process as well as other recent collaboration agreements. The Company continues to work with these entities to finalise binding agreements.

The Company is continuing its ongoing material testing with the Flash Joule Heating process and
the finalisation of design documentation, procurement and planning for building of its one ton per day Flash Joule Heating demonstration module as detailed in a previous ASX announcement. MTM is currently inspecting potential sites for the construction of its pilot plant. At present, discussions relating to potential sites are preliminary and incomplete. There are no guarantees that commercial terms can or will be agreed in respect of any of the sites currently under consideration.

23 MAY 2025
▪ MTM has successfully validated its production-scale reaction chamber, confirming readiness for deployment in the Company’s 1 tonne-per-day Flash Joule Heating metal recovery plant in Texas.
▪ The upsized unit matched the heat transfer performance of smaller-scale prototypes, confirming scalability and materially reducing scale-up risk for commercial deployment.
▪ The validated crucible design reflects a substantial scale-up from the original lab-scale system developed at Rice University, underscoring MTM’s successful transition of FJH technology into an industrially viable platform.
▪ Additionally, test results suggest that each module may exceed prior throughput expectations, indicating the 1TPD plant—comprising multiple parallel crucibles—could achieve higher capacity from day one.
▪ This modular architecture enables efficient replication, with the newly secured site capable of accommodating multi-fold capacity expansions using the same validated design.

MTM release a presentation in April that brought together the business model and technical capacities of its Flash Joule technology.

Impressive