Metallium Announces Sponsored Level 1 ADR Program with Bank of New York

Rhea-AI Summary

Metallium (ASX: MTM; OTCQX: MTMCF / MTLMY) established a sponsored Level 1 ADR program with Bank of New York that began trading on the OTCQX platform under ticker MTLMY on January 12, 2026.

Each ADR is denominated in US dollars and represents 20 MTM ordinary Australian shares. The program is non-dilutive, DTC-eligible, and intended to expand access for American broker-dealers, institutional and retail investors. The company is preparing for a potential secondary Level 2 NASDAQ listing targeted for Q3 2026, subject to market conditions, regulatory and board approvals.

Metallium develops Flash Joule Heating (FJH) technology to recover critical and precious metals (gallium, germanium, antimony, rare earths, gold) from refinery scrap, e-waste and monazite.

Positive

• ADR trading start on OTCQX under ticker MTLMY expands U.S. investor access
• Non-dilutive ADR structure preserves existing share count
• DTC-eligibility supports easier settlement for U.S. broker-dealers and investors
• Clear plan targeting Level 2 NASDAQ listing in Q3 2026 (subject to approvals)

Negative

• Planned NASDAQ Level 2 listing is subject to market conditions, regulatory and board approvals, creating timing and execution uncertainty

HOUSTON, Jan. 12, 2026 /PRNewswire/ -- Metallium (ASX: MTM; OTCQX: MTMCF and MTLMY) – announced the company has established a Level 1 sponsored American Depository Receipts (ADR) program through the Bank of New York that commences trading on the OTCQX platform under the ticker MTLMY today. The Company continues to carry out the preparatory work toward a potential secondary Level 2 NASDAQ listing, targeted for Q3 2026 subject to market conditions, regulatory and board approvals. (https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03045049-6A1306646&v=undefined).

Each ADR is a US security, denominated in US dollars representing 20 MTM ordinary Australian shares. The ADR program is non-dilutive and provides direct access to MTM securities for American broker-dealers, institutional and retail investors and ADRs are DTC-eligible in the U.S.

Michael Walshe, Managing Director and CEO of Metallium said, "The establishment of our ADR program and our work toward a NASDAQ listing is a natural evolution for us as a U.S.-focused industrial technology company. The ADR program expands direct access to MTM securities for American broker-dealers, institutional and retail investors, enhancing Metallium's visibility in the world's largest capital market as we broaden our shareholder base and align our capital-markets presence with our expanding U.S. operations."

Metallium Ltd. (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 earths elements and gold, from feedstocks such as refinery scrap, e-waste and monazite.

View original content to download multimedia:https://www.prnewswire.com/news-releases/metallium-announces-sponsored-level-1-adr-program-with-bank-of-new-york-302658660.html

SOURCE MTM Critical Metals Ltd.

FAQ

What does Metallium's new ADR program (MTLMY) mean for U.S. investors?

The Level 1 ADR on OTCQX (ticker MTLMY) provides direct US-dollar access to Metallium shares and is DTC-eligible for easier settlement.

How many MTM ordinary shares does one Metallium ADR (MTLMY) represent?

Each ADR represents 20 MTM ordinary Australian shares and is denominated in US dollars.

Will Metallium's ADR program dilute existing shareholders?

No, the company describes the ADR program as non-dilutive.

Is Metallium planning a U.S. exchange listing after the ADR launch?

Metallium is preparing for a potential Level 2 NASDAQ listing targeted for Q3 2026, subject to market conditions and required approvals.

What technology does Metallium use to recover critical metals?

Metallium uses patented Flash Joule Heating (FJH) technology to extract metals like gallium, germanium, antimony, rare earths and gold from refinery scrap, e-waste and monazite.

Under which banks and platforms will Metallium ADRs trade?

The sponsored Level 1 ADR program is established with Bank of New York and began trading on the OTCQX platform under ticker MTLMY.