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Metallium Limited (ASX:MTM)

ALERT: Price-sensitive ASX Announcement for MTM
Current share price for MTM : $0.395 -0.465 (-54.07%)+
Announcement
Release
12 Dec 2025 9:41AM
Price at Release
$0.860
Full Release
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Summary
Metallium Limited has announced a strategic collaboration with ElementUSA to establish a domestic supply of gallium and scandium from red mud in Louisiana, USA. Through a binding Letter of Intent, Metallium's subsidiary Flash Metals USA Inc. will implement its Flash Joule Heating technology, aided by up to U$10.1 million in non-dilutive funding. The project involves developing a demonstration facility at the Gramercy alumina refinery, with long-term agreements for technology licence fees, royalties, and revenue shares from metal sales. ElementUSA, known for its expertise in metal recovery from industrial waste, will partner to enhance domestic critical mineral capabilities. The initiative includes detailed planning for Development and Licensing Agreements with set performance milestones.
Key Points
  • Metallium Limited secured a strategic role in a program to establish domestic gallium and scandium supply from red mud in Louisiana, USA.
  • A binding Letter of Intent (LoI) was executed with ElementUSA to recover gallium and scandium using Flash Joule Heating technology.
  • Metallium's Flash Metals USA Inc. will receive up to U$10.1 million in non-dilutive funding for technology deployment.
  • The collaboration aims to develop a demonstration facility at the Gramercy alumina refinery in Louisiana.
  • Long-term commercial agreements include technology licence fees, royalties, and revenue share from sales of recovered metals.
  • ElementUSA specializes in metal recovery from industrial waste and operates a Critical Resource Accelerator for process development.
  • The LOI outlines a framework for a detailed Development and Licensing Agreement with performance milestones and stage progression.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.