Metallium Announces Completion of A$75 Million Strategic Capital Raise Led by U.S. Institutions

Rhea-AI Summary

Metallium (OTCQX: MTLMY) completed a A$75 million strategic capital raise on Jan 21, 2026, led by U.S. institutions targeting critical minerals and recycling technologies. The placement priced at A$0.84 per share, representing an 8.7% discount to the last close and an 8.8% discount to 5-day VWAP. Proceeds will support U.S. commissioning and commercial scale-up of the Gator Point Technology Campus in Texas, ADR program support on OTCQX, and advance plans for a NASDAQ listing later in 2026. The company also cited a secured Glencore feedstock agreement and increased U.S. institutional participation.

Positive

• A$75 million strategic capital raise completed
• Funds to support Gator Point commercial scale-up in Texas
• Issue price set at A$0.84 per share
• Secured Glencore feedstock agreement
• Increased U.S. institutional participation on register
• ADR program in place ahead of planned NASDAQ listing

Negative

• Placement priced at A$0.84, an 8.7% discount to last close

News Market Reaction

-1.92%

1 alert

-1.92% News Effect

On the day this news was published, MTLMY declined 1.92%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Capital raise size: A$75 million Issue price: A$0.84 per share Discount to last close: 8.7% discount +1 more

4 metrics

Capital raise size A$75 million Strategic capital raise to support U.S. commissioning and scale-up

Issue price A$0.84 per share Pricing for the completed capital raise

Discount to last close 8.7% discount Issue price vs. last closing price

Discount to 5-day VWAP 8.8% discount Issue price vs. 5-day volume-weighted average price

Market Reality Check

Price: $11.88 Vol: Volume 12,967 is 2.24x th...

high vol

$11.88 Last Close

Volume Volume 12,967 is 2.24x the 20-day average of 5,792, indicating elevated trading interest ahead of the capital raise news. high

Technical Shares trade above the 200-day MA at 12.91, with price at 13 prior to the announcement.

Market Pulse Summary

This announcement highlights a completed A$75 million capital raise at A$0.84 per share, issued at a...

Analysis

This announcement highlights a completed A$75 million capital raise at A$0.84 per share, issued at an 8.7%–8.8% discount to recent prices to fund U.S. commissioning and commercial scale-up. With shares trading near the 52-week band of 11.65–14.07 and above the 12.91 200-day MA beforehand, investors may focus on how efficiently this capital is deployed at Gator Point and the progress toward the planned NASDAQ listing.

Key Terms

american depository receipt, adr, volume-weighted average price, vwap, +1 more

5 terms

american depository receipt financial

"support of the company's ADR (American Depository Receipt) trading on the OTCQX"

An American Depositary Receipt (ADR) is a certificate issued by a U.S. bank that represents ownership of shares in a foreign company and lets those shares trade on U.S. exchanges in U.S. dollars. For investors, ADRs remove many barriers to buying foreign stocks—handling currency conversion, settlement and some reporting—so holding an ADR is like using a local adapter that makes a foreign security behave more like a domestic one, improving access and liquidity.

adr financial

"support of the company's ADR (American Depository Receipt) trading on the OTCQX"

An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.

volume-weighted average price financial

"an 8.8% discount to the 5-day, volume-weighted average price (VWAP)"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

vwap financial

"an 8.8% discount to the 5-day, volume-weighted average price (VWAP)"

VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.

flash joule heating technical

"The company's patented Flash Joule Heating (FJH) technology enables the extraction"

Flash joule heating is a process that uses a very brief, high-intensity electrical pulse to heat a material almost instantaneously, transforming its structure or purifying it in seconds. Think of it like an ultra-fast, high-energy toaster that changes raw material into a finished ingredient; for investors it matters because the technique can lower production time and energy costs, enable new materials or recycling routes, and create competitive manufacturing advantages.

AI-generated analysis. Not financial advice.

HOUSTON, Jan. 21, 2026 /PRNewswire/ -- Metallium Ltd. (ASX: MTM; OTCQX: MTMCF; OTCQX ADR: MTLMY) announced completion of a A$75 million strategic capital raise, led by U.S.-based investors with dedicated mandates focused on critical minerals, recycling technologies, and U.S. domestic processing capacity.

The raise is timed to support U.S. commissioning and commercial scale-up of the company's first commercial facility, Gator Point Technology Campus in Texas,  and support of the company's ADR (American Depository Receipt) trading on the OTCQX, in advance of a planned NASDAQ listing later this year.

The funding was completed at an issue price of A$0.84 per share, representing an 8.7% discount to the company's last closing price and an 8.8% discount to the 5-day, volume-weighted average price (VWAP). The transaction materially increases U.S. institutional participation on Metallium's share register and reflects growing investor interest in U.S.-based critical metals processing and technology platforms. Additional information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03047777-6A1307827&v=undefined.

"This capital raise reflects the strong support for our U.S.-centric strategy and progress as we move from development into commercial execution," said Michael Walshe, managing director and CEO of Metallium. "With commissioning underway at Gator Point, the secured Glencore feedstock agreement and our institution of an ADR program, we have seen increased interest from U.S. investors seeking exposure to critical metals processing and enabling technologies."

The capital raising was bookrun by Petra Capital, with EAS Advisors LLC, acting through Odeon Capital Group LLC, appointed as U.S. advisor.

Metallium Ltd. is pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. The company's patented Flash Joule Heating (FJH) technology enables the extraction of high-value materials – including gallium, germanium, antimony, rare earth elements, and gold from feedstocks such as refinery scrap, e-waste and monazite. Through its wholly owned U.S. subsidiary, Flash Metals USA Inc., the company has secured its first commercial site as they commence near-term production and revenue generation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/metallium-announces-completion-of-a75-million-strategic-capital-raise-led-by-us-institutions-302666284.html

SOURCE MTM Critical Metals Ltd.

FAQ

How much did Metallium (MTLMY) raise in the Jan 21, 2026 capital raise?

Metallium completed a A$75 million strategic capital raise on Jan 21, 2026.

At what price were Metallium shares issued in the A$75M placement?

Shares were issued at A$0.84 per share, an 8.7% discount to the last close and 8.8% to 5-day VWAP.

What will Metallium use the A$75M proceeds for and how does it affect MTLMY shareholders?

Proceeds will fund U.S. commissioning and commercial scale-up at Gator Point, support the ADR program, and advance a planned NASDAQ listing; shareholders may see dilution from the new issuance.

Does Metallium have commercial feedstock agreements to support production at Gator Point?

Yes; the company cited a secured Glencore feedstock agreement to support near-term production.

Will Metallium ADRs (MTLMY) move to NASDAQ in 2026?

The company intends to pursue a NASDAQ listing later in 2026, with the ADR program supporting OTCQX trading ahead of that step.

Who led the A$75M capital raise for Metallium (MTLMY)?

U.S.-based institutional investors led the placement, bookrun by Petra Capital with EAS Advisors LLC acting through Odeon Capital Group as U.S. advisor.