MTM Critical Metals Announces A$50 million Placement with Institutional Investors to Accelerate US Commercialization of Flash Joule Heating Technology
26 juni, 15:15
MTM Critical Metals Announces A$50 million Placement with Institutional Investors to Accelerate US Commercialization of Flash Joule Heating Technology
PR Newswire
HOUSTON, June 26, 2025
Company's Technology Can Extract Critical and Precious Metals from E-Waste as well as Serve as a Beneficiation Process for Rare Earths
HOUSTON , June 26, 2025 /PRNewswire/ -- MTM Critical Metals Limited (ASX: MTM; OTCQB: MTMCF) announced it has secured A$50 million (approximately $32.5m US) in firm commitments from institutional investors via a two-tranche placement at A$0.55 (approximately $0 .36US) per share. The raise, which will occur in two tranches, was primarily placed among institutional investors and led by Australian-based Petra Capital who served as sole lead manager and bookrunner.
Michael Walshe , MTM's Managing Director & CEO said, "This placement marks a significant milestone for MTM. The level of institutional support we have received is a clear endorsement of our progress to date and our ambition to become a leading US-based technology platform. We are positioned to execute decisively, both on technology delivery and our broader US expansion strategy."
He added that MTM is moving rapidly to build a scalable, first-mover platform in critical metals recovery with an initial facility to be in operation in the Houston area. "With high-grade feedstock secured and commissioning under, MTM is now positioned to deliver commercial output from the US in the near term."
Additional information on the placement is available at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02960529-6A1270086&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6 .
MTM Critical Metals Ltd., which will soon be renamed Metallium Ltd. ( https://www.mtmcriticalmetals.com.au ), specializes in advanced metal recovery technologies. The company's 100% owned US subsidiary, Flash Metals USA Inc., is based in Houston . MTM has the exclusive worldwide licensing rights to the innovative Flash Joule Heating technology, an innovative metal recovery and mineral processing method developed at Rice University . FJH is an advanced electrothermal process that enhances metal recovery and mineral processing compared to traditional methods. By rapidly heating materials in a controlled atmosphere, FJH efficiently extracts metals like lithium from spodumene, gallium and antimony from scrap, and gold from E-Waste, among others. This technology has potential to revolutionize metal recovery by reducing energy consumption, reagent use, and waste, offering a more economical and environmentally friendly alternative.
SOURCE MTM Critical Metals Ltd.
MTM Critical Metals Announces A$50 million Placement with Institutional Investors to Accelerate US Commercialization of Flash Joule Heating Technology
26 juni, 15:15
MTM Critical Metals Announces A$50 million Placement with Institutional Investors to Accelerate US Commercialization of Flash Joule Heating Technology
PR Newswire
HOUSTON, June 26, 2025
Company's Technology Can Extract Critical and Precious Metals from E-Waste as well as Serve as a Beneficiation Process for Rare Earths
HOUSTON , June 26, 2025 /PRNewswire/ -- MTM Critical Metals Limited (ASX: MTM; OTCQB: MTMCF) announced it has secured A$50 million (approximately $32.5m US) in firm commitments from institutional investors via a two-tranche placement at A$0.55 (approximately $0 .36US) per share. The raise, which will occur in two tranches, was primarily placed among institutional investors and led by Australian-based Petra Capital who served as sole lead manager and bookrunner.
Michael Walshe , MTM's Managing Director & CEO said, "This placement marks a significant milestone for MTM. The level of institutional support we have received is a clear endorsement of our progress to date and our ambition to become a leading US-based technology platform. We are positioned to execute decisively, both on technology delivery and our broader US expansion strategy."
He added that MTM is moving rapidly to build a scalable, first-mover platform in critical metals recovery with an initial facility to be in operation in the Houston area. "With high-grade feedstock secured and commissioning under, MTM is now positioned to deliver commercial output from the US in the near term."
Additional information on the placement is available at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02960529-6A1270086&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6 .
MTM Critical Metals Ltd., which will soon be renamed Metallium Ltd. ( https://www.mtmcriticalmetals.com.au ), specializes in advanced metal recovery technologies. The company's 100% owned US subsidiary, Flash Metals USA Inc., is based in Houston . MTM has the exclusive worldwide licensing rights to the innovative Flash Joule Heating technology, an innovative metal recovery and mineral processing method developed at Rice University . FJH is an advanced electrothermal process that enhances metal recovery and mineral processing compared to traditional methods. By rapidly heating materials in a controlled atmosphere, FJH efficiently extracts metals like lithium from spodumene, gallium and antimony from scrap, and gold from E-Waste, among others. This technology has potential to revolutionize metal recovery by reducing energy consumption, reagent use, and waste, offering a more economical and environmentally friendly alternative.
SOURCE MTM Critical Metals Ltd.
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