Metallium Awarded U.S. Million Dollar Grant from Department of War for Phase II Project to Recovery Gallium and Germanium from Electronic Waste

Rhea-AI Summary

Metallium (OTCQX: MTLMY) announced that its U.S. affiliate Flash Metals Texas received a million-dollar Phase II SBIR contract from the U.S. Department of War via the Defense Logistics Agency. The 12‑month project advances Flash Joule Heating technology to recover gallium and germanium and other high-value metals from electronic waste.

Positive

• Awarded million-dollar U.S. Department of War Phase II SBIR contract
• Phase I milestones achieved or exceeded on accelerated timeline
• 12‑month Phase II aims for process readiness beyond pilot scale
• Technology targets recovery of multiple high-value metals from e-waste
• Supports U.S. defense and semiconductor critical material supply chains

Negative

• None.

News Market Reaction – MTLMY

-0.90%

-0.90% Session close to close

In the May 19 session, MTLMY declined 0.90%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a Phase II SBIR contract to recover gallium and germanium from e‑waste ...

Analysis

This announcement highlights a Phase II SBIR contract to recover gallium and germanium from e‑waste using Flash Joule Heating, building on prior Phase I success. It reinforces Metallium’s role in critical-materials supply for U.S. defense and semiconductors. Historically, similar SBIR news moved the stock -3.04%, while commercial agreements produced stronger gains. Investors may watch Phase II technical delivery, any Phase III progression, and integration with the Texas Technology Campus over the 12-month project.

Key Figures

Project duration: 12-month project Phase II contract: Phase II Potential follow-on: Phase III

3 metrics

Project duration 12-month project Phase II SBIR program timeline

Phase II contract Phase II SBIR award stage with U.S. Department of War

Potential follow-on Phase III Positioning for future SBIR Phase III award

Previous Clinical trial Reports

1 past event · Latest: Apr 07 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 07	SBIR Phase I update	Positive	-3.0%	Completion of SBIR Phase I with all milestones achieved or exceeded.

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

Pattern Detected

Prior SBIR/‘clinical trial’ update on Phase I saw a negative price reaction despite operational success.

Recent Company History

Over the last few months, Metallium has focused on scaling its Flash Joule Heating platform and U.S. defense-linked contracts. A prior Apr 07 SBIR Phase I completion with the U.S. Department of War achieved or exceeded all milestones yet the stock moved -3.04% over 24 hours. Today’s Phase II award continues that SBIR trajectory and ties into the same gallium recovery and national-security supply-chain theme.

Key Terms

flash joule heating, small business innovation research, gallium, germanium

4 terms

flash joule heating technical

"to recover gallium from Semiconductor and Electronic Waste Streams 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.

small business innovation research regulatory

"awarded a million-dollar Phase II Small Business Innovation Research (SIBR) contract with the U.S. Department of War"

A U.S. government program that gives competitive grants or contracts to small companies to fund early-stage research and development of new technologies and products. For investors, it matters because this non-dilutive funding de-risks research, validates technical progress through staged awards, and can help a small company reach milestones that increase its value without immediate equity dilution—think of it as government seed money that helps a startup prove an idea.

gallium technical

"to continue to pursue the recovery of gallium and germanium from electronic waste streams"

Gallium is a soft, silvery metal used as a key ingredient in advanced electronic materials that power LEDs, high-speed computer and communications chips, and next‑generation power devices. Investors care because gallium’s supply is limited and concentrated in a few sources, so shortages or price swings can raise production costs and disrupt companies that depend on it—similar to how a bakery would be affected if flour became scarce or expensive.

germanium technical

"to continue to pursue the recovery of gallium and germanium from electronic waste streams"

Germanium is a rare, naturally occurring metallic element used as a key ingredient in electronics, fiber-optic systems, infrared optics, and some chemical catalysts. Investors watch germanium because its limited supply, concentrated production and essential role in high-tech components mean changes in availability or demand can affect costs and profit margins for technology and materials companies—think of it as a specialty spice whose price can shift a whole recipe’s cost.

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

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Award Follows Successful Demonstration During Phase 1 to recover gallium from Semiconductor and Electronic Waste Streams using Metallium's Flash Joule Heating Technology

HOUSTON, May 19, 2026 /PRNewswire/ -- Metallium Limited (ASX: MTM, OTCQX: MTMCF; OTCQX ADR: MTLMY) announced its  U.S.-based affiliate, Flash Metals Texas, Inc., has been awarded a million-dollar Phase II Small Business Innovation Research (SIBR) contract with the U.S. Department of War through the Defense Logistics Agency, to continue to pursue the recovery of gallium and germanium from electronic waste streams.

The Phase II  award follows successful completion of Phase I, which demonstrated Metallium and Flash Metals Texas' proprietary ability to recover gallium from semiconductor and e-waste. All technical milestones were achieved or exceeded, and the program was delivered in approximately half the standard timeframe.

"The SBIR process is a highly competitive initiative, and it encourages Flash Metals, a U.S. small business, to compete and demonstrate the capacity of our team and technology in this crowded landscape," said Metallium and Flash Metals Texas President of U.S. Operations, Steve Regiel. "This new contract sets us apart and validates our approach and our commitment to supporting national security priorities."

The Phase II program expands initial work completed to focus on extraction of both gallium and germanium from electronic waste streams, with activities centered at the Company's Texas Technology Campus. The 12-month project is expected to culminate with process readiness that is appropriate beyond pilot demonstration, placing Flash Metals Texas in position to seek work on a Phase III award and broader commercial deployment. The timeline also integrates into current operational development of the Gator Point Technology Campus in Chambers County, Texas by Metallium and Flash Metals Texas.

Metallium and Flash Metals Texas' Flash Joule Heating technology provides a pathway to recover gallium and germanium from electronic waste streams, alongside high-value metals including gold, silver, tin, palladium, and copper. By extracting these materials from existing waste, the technology has potential to diversify supply sources, improve overall feedstock economics, reduce reliance on concentrated primary production, and strengthen U.S. defense and semiconductor supply chains.

Both gallium and germanium are designated by the U.S. government as critical materials essential for defense systems, semiconductors and communications technologies.  Currently both germanium and gallium supplies are structurally constrained and are prone to supply disruptions.

More information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03091262-6A1325975&v=undefined

View original content to download multimedia:https://www.prnewswire.com/news-releases/metallium-awarded-us-million-dollar-grant-from-department-of-war-for-phase-ii-project-to-recovery-gallium-and-germanium-from-electronic-waste-302776104.html

SOURCE Metallium Ltd.

FAQ

What U.S. government grant did Metallium (OTCQX: MTLMY) receive in May 2026?

Metallium’s U.S. affiliate Flash Metals Texas received a million-dollar Phase II SBIR contract from the U.S. Department of War. According to Metallium, the award comes through the Defense Logistics Agency to advance recovery of gallium and germanium from electronic waste streams.

What is the purpose of Metallium’s Phase II SBIR project for MTLMY shareholders?

The Phase II project aims to develop process readiness to recover gallium and germanium from electronic waste. According to Metallium, the 12‑month program could position Flash Metals Texas for a potential Phase III award and broader commercial deployment of its Flash Joule Heating technology.

How did Metallium perform in the Phase I gallium recovery project before this Phase II award?

Metallium reports that all Phase I technical milestones were achieved or exceeded in about half the usual timeframe. According to the company, Phase I demonstrated the proprietary ability to recover gallium from semiconductor and electronic waste using Flash Joule Heating technology.

What technologies and materials are involved in Metallium’s Flash Joule Heating project?

Metallium uses its Flash Joule Heating technology to create a pathway for recovering critical and high-value metals from electronic waste. According to Metallium, the process targets gallium, germanium, gold, silver, tin, palladium, and copper, potentially diversifying supply sources and feedstock economics.

Why are gallium and germanium important to Metallium’s MTLMY defense-related project?

Gallium and germanium are designated U.S. critical materials essential for defense, semiconductor, and communications technologies. According to Metallium, supplies of both are structurally constrained and prone to disruptions, so recovering them from electronic waste may help strengthen U.S. defense and semiconductor supply chains.

Where will Metallium’s Phase II gallium and germanium recovery work take place?

The Phase II activities will be centered at Metallium’s Texas Technology Campus operated with Flash Metals Texas. According to Metallium, the timeline is also integrated with development of the Gator Point Technology Campus in Chambers County, Texas for ongoing operational growth.