$0.54 ... more on the theme
▪ MOU signed with Meteoric Resources NL (ASX:MEI) following successful proof-of-concept beneficiation test work on Caldeira’s rare earth element-rich mixed rare earth carbonate product.
▪ Flash Joule Heating process successfully concentrated high-value magnetic REEs — including Nd, Pr (light) and Dy, Tb (heavy)— in a single, un-optimised flash, separating them from low-value La and Ce (waste).
− Separated >80 % of La and Ce mass from MREC product in a single flash, upgrading its value and reducing downstream processing load.
− Front-end waste separation cuts transport, reagents, and environmental impact.
− Recovered 81 % of terbium (Tb), one of the scarcest and most strategic REEs, in a single flash without solvents.
− Magnet-REE distribution or product increased from 30 % to 72 % of total REO; heavy REEs (Sm–Lu + Y) rose from 6 % to 17 % (+186 %), while La + Ce dropped from 61 % to 7 % (–89 %) — a step-change uplift in value.
− Multi-flash testing is expected to further enhance recoveries.
▪ Magnet REEs like Nd, Pr, Dy and Tb are critical to both defence applications (missiles, guidance, radar) and civilian technologies (EVs, wind turbines, electronics).
▪ These results show that FJH can act as a mid-stream beneficiation step—and, with further optimisation, a fast, easily-deployable alternative to traditional solvent-extraction—potentially transforming Western rare-earth supply chains.
▪ Meteoric’s Caldeira Project is among the world’s most advanced ionic clay REE project under development, hosting one of the largest known ionic clay deposits globally (1.5 billion tonnes @ 2,359 ppm TREO).
▪ MTM continues to advance discussions with other REE firms, including hard-rock and waste-stream projects.