Metallium Announces Off-Take Agreement with Indium Corporation for Critical & Precious Metals Including Gallium and Germanium

Rhea-AI Summary

Metallium (OTCQX: MTLMY) announced a long-term offtake agreement through its U.S. unit Flash Metals USA with Indium Corporation to supply recovered critical and precious metals including gallium and germanium. The contract has an initial 10-year term with automatic five-year renewals and covers multiple recovered metals from Metallium's U.S. recycling operations.

The agreement supports commercialization of Metallium's Flash Joule Heating recycling platform, aligns with U.S. supply‑chain objectives, and follows Metallium securing its first commercial Texas site via Flash Metals USA.

Positive

• Signed binding offtake for recovered metals with a 10-year term
• Gallium and germanium explicitly included, supporting high-value product sales
• Agreement covers multiple metals from U.S. recycling operations, broadening revenue streams
• Secured first commercial site in Texas via Flash Metals USA

Negative

• No disclosed pricing or minimum volumes, limiting near-term revenue visibility
• Industry processing remains concentrated in other jurisdictions, posing supply-chain risk

News Market Reaction – MTLMY

+16.13%

+16.13% Session close to close

In the Mar 31 session, MTLMY gained 16.13%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +16.1% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +16.1% in the session following this news. A strong positive reaction aligns with the strategic significance of a 10-year offtake that helps underpin Metallium’s U.S. recycling platform and Flash Joule Heating rollout. Historically, positive updates on capital raising and scale-up were followed by mild declines, so a future sharp gain would contrast with prior -0.42% and -1.92% moves and might reflect growing conviction in commercialization rather than just short-term enthusiasm.

Key Figures

Offtake term: 10 years Renewal period: 5 years FJH reactors: 3 reactors +5 more

8 metrics

Offtake term 10 years Initial term of Indium Corporation offtake agreement

Renewal period 5 years Automatic renewal period for offtake agreement

FJH reactors 3 reactors Target number operating in parallel by June 2026

Feedstock capacity 8,000 tons per year Stage-1 commercial configuration PCF feedstock target

Capital raise size A$75 million Strategic placement completed Jan 21, 2026

Placement price A$0.84 per share Price of Jan 21, 2026 capital raise

Discount to last close 8.7% Discount for Jan 21, 2026 placement vs last close

Discount to 5-day VWAP 8.8% Discount for Jan 21, 2026 placement vs 5-day VWAP

Historical Context

2 past events · Latest: Mar 10 (Positive)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 10	Scale-up update	Positive	-0.4%	Progress on Gator Point Technology Campus and FJH reactor scale-up in Texas.
Jan 21	Capital raise	Positive	-1.9%	A$75M strategic capital raise to fund U.S. buildout and potential NASDAQ listing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent positive operational and financing updates were followed by modest negative price reactions, suggesting a pattern of selling into good news.

Recent Company History

This announcement extends Metallium’s recent U.S.-focused buildout. On Jan 21, 2026, the company completed a A$75 million capital raise to fund commissioning of the Gator Point Technology Campus and support a potential NASDAQ listing, yet shares fell modestly afterward. On Mar 10, 2026, Metallium highlighted rapid industrial scale-up in Texas with plans for three FJH reactors and 8,000 tons of annual feedstock capacity, again followed by a small decline. Today’s long-term offtake agreement fits that pattern of positive news against a weak share trend.

Key Terms

offtake agreement, flash joule heating, adr

3 terms

offtake agreement financial

"has executed a long-term offtake agreement with materials refiner and manufacturer"

A contract in which a buyer commits to purchase a set portion or percentage of a producer’s future output—such as minerals, energy, agricultural goods, or manufactured products—often over a multi‑year period. It matters to investors because it creates predictable sales and cash flow, reduces the risk of unsold inventory, and can make projects easier to finance; think of it like pre‑selling future harvests or securing long‑term customers before production begins.

flash joule heating technical

"recovered using Metallium's Flash Joule Heating technology"

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.

adr financial

"OTCQX: MTMCF; OTCQX ADR: MTLMY"

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.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, March 31, 2026 /PRNewswire/ -- Metallium Limited (ASX: MTM; OTCQX: MTMCF; OTCQX ADR: MTLMY) announced its wholly owned U.S. subsidiary, Flash Metals USA Inc. has executed a long-term offtake agreement with materials refiner and manufacturer, Indium Corporation, covering the supply of gallium (Ga), germanium (Ge), and other critical metals recovered using Metallium's Flash Joule Heating technology.

Under the executed agreement Flash Metals USA will supply, and Indium Corporation will purchase, specified recovered metals generated from Metallium's U.S. recycling operations including gallium, germanium, copper, tin, gold and indium. The off-take agreement has an initial term of 10 years with automatic five-year renewal periods unless non-renewed in accordance with agreed notice provisions.

Additional information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03073940-6A1318616&v=undefined.

Michael Walshe, managing director and CEO of Metallium said, "This agreement with Indium Corporation is an important step in commercializing out U.S. recycling platform. Critical metals, and specifically their midstream processing and refining, remain highly concentrated in a limited number of jurisdictions, not all of which are aligned with Western supply chain priorities, underscoring the need for domestic capability." He added that establishing a long-term offtake with Indium "strengthens our pathway to monetize recovered critical metals as we scale up our operations. Importantly, metals such as gallium and germanium are foundational to advanced semiconductors, defense systems and AI infrastructure."

Metallium Limited (https://www.metalliuminc.com) 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. Aligned with U.S. strategic supply chain objectives, Metallium has recently secured its first commercial site in Texas via its wholly owned subsidiary, Flash Metals USA, Inc.

View original content to download multimedia:https://www.prnewswire.com/news-releases/metallium-announces-off-take-agreement-with-indium-corporation-for-critical--precious-metals-including-gallium-and-germanium-302729571.html

SOURCE Metallium Limited

FAQ

What does Metallium's 10-year offtake agreement with Indium Corporation mean for MTLMY shareholders?

It secures long-term demand for recovered metals, strengthening commercialization prospects over a decade. According to the company, Flash Metals USA will supply specified recovered metals including gallium and germanium under the initial 10-year term with automatic five-year renewals.

Which metals will Metallium (MTLMY) supply to Indium Corporation under the offtake deal?

Metallium will supply recovered gallium, germanium and several other metals under the agreement. According to the company, the contract includes copper, tin, gold, indium and other critical metals from U.S. recycling operations.

How long is the Metallium (MTLMY) agreement with Indium Corporation and are renewals automatic?

The contract has an initial 10-year term with automatic five-year renewal periods. According to the company, renewals occur unless non-renewed in accordance with agreed notice provisions.

Does the Metallium–Indium offtake specify volumes or pricing for MTLMY metal deliveries?

The announcement does not disclose specific volumes or pricing for deliveries under the agreement. According to the company, the agreement covers specified recovered metals but financial terms were not provided in the release.

How does the Indium Corporation offtake support Metallium's U.S. expansion for MTLMY?

The offtake underpins commercialization of Metallium's U.S. recycling platform and scales downstream demand. According to the company, this complements its first secured commercial site in Texas via Flash Metals USA.