Metallium (ASX: MTM), formerly MTM Critical Metals, is poised to commission its inaugural commercial flash joule heating (FJH) facility in Texas this year. The company is focused on metals recovery. Metallium’s technology aims to recover critical and precious metals faster and cleaner, at scale. After a successful $50 million institutional capital raise in June, Metallium is progressing with its US-based metals recovery platform.
The June quarterly report highlighted key advancements in funding, site acquisition, technology validation, and strategic partnerships. Metallium has secured long-term supply agreements with two major US e-waste collection firms. This brings the total committed high-value e-scrap supply to approximately 1,100 tonnes per annum for the Phase 1 plant capacity. Metallium also successfully secured a site in Texas under a long-term lease with a purchase option, located in an area fully permitted for waste processing.
Metallium has successfully tested a production-scale FJH crucible. This demonstrates the scalability of its technology and de-risks its commercial rollout. The company achieved 98% antimony recovery from US E-waste and the FJH process showed the ability to remove 80% of lanthanum and cerium from mixed rare earth carbonate feedstock. This paves the way for a solvent-free, chloride-based refining process.
The company has formalised its name change to Metallium to reflect its transition to a US-focused industrial technology platform. Chief executive officer Michael Walshe noted the rebrand marks a new chapter aligned with the company’s mission. With the Texas site secured, commercial reactor validated, and the first plant on track for commissioning by year-end, Metallium is moving to deliver on its vision.
