Metallium Reports Industrial Scale-Up of its Texas Technology Campus Advances Rapidly

Rhea-AI Summary

Metallium (OTCQX: MTLMY) reported rapid progress at its Gator Point Technology Campus in Chambers County, Texas, converting a recently acquired plant into a U.S. demonstration and early commercial hub using its proprietary Flash Joule Heating (FJH) technology.

The company aims to have three FJH reactors operating in parallel by June 2026 as part of an industrial scale-up toward a Stage‑1 commercial configuration targeting approximately 8,000 tons of PCF feedstock per year.

Positive

• Targeting three FJH reactors operating in parallel by June 2026
• Stage‑1 commercial capacity target of approximately 8,000 tons/year
• Facility converted from mothballed plant to U.S. technology campus within 12 months

Negative

• Three‑reactor milestone is a near‑term target and may face commissioning delays
• Stage‑1 8,000 tons/year target remains aspirational until full commissioning and validation

News Market Reaction – MTLMY

-0.42%

-0.42% Session close to close

In the Mar 10 session, MTLMY declined 0.42%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights rapid industrial scale-up at Metallium’s Gator Point Technology Campus ...

Analysis

This announcement highlights rapid industrial scale-up at Metallium’s Gator Point Technology Campus in Texas, transforming a mothballed facility into a U.S. technology and early commercial hub in under 12 months. The company is targeting three FJH reactors operating in parallel and a Stage-1 configuration processing about 8,000 tons of PCF feedstock per year. Investors may track commissioning progress, operational uptime, and further updates on feedstock sourcing and commercialization plans as key markers of execution.

Key Figures

FJH reactors target: 3 reactors Stage-1 feedstock capacity: 8,000 tons per year Campus build-out timeframe: Less than 12 months

3 metrics

FJH reactors target 3 reactors Goal for parallel operation by June of this year

Stage-1 feedstock capacity 8,000 tons per year Targeted PCF feedstock throughput at Stage-1 commercial configuration

Campus build-out timeframe Less than 12 months Time from plant acquisition to substantial rehabilitation and upgrades

Historical Context

1 past event · Latest: Jan 21 (Neutral)

Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 21	Capital raise	Neutral	-1.9%	A$75M placement at discount to fund Gator Point and U.S. growth plans.

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

Pattern Detected

Limited history: a prior capital-raise announcement was followed by a modest negative move.

Recent Company History

In January 2026, Metallium completed a A$75 million strategic capital raise at A$0.84 per share, an 8.7% discount to the last close and 8.8% to 5-day VWAP, to fund U.S. commissioning of the Gator Point Technology Campus and support a potential NASDAQ listing later in 2026. The stock moved -1.92% over 24 hours after that news. Today’s update on rapid industrial scale-up at the same Texas campus builds directly on that financing milestone.

Key Terms

flash joule heating (fjh), e-waste, printed circuit boards

3 terms

flash joule heating (fjh) technical

"utilize its proprietary Flash Joule Heating (FJH) technology to recover critical..."

Flash Joule heating (FJH) is a process that sends a very short, high-voltage pulse through a material to heat it almost instantly, like using a camera flash to briefly illuminate a scene. It can transform, purify or synthesize materials in seconds instead of hours, which matters to investors because it can cut production time and energy costs, enable new or cheaper advanced materials, and create patentable manufacturing advantages.

e-waste technical

"high-value materials, including gallium... from feedstocks such as refinery scrap, e-waste and monazite."

Electronic waste, or e-waste, is discarded electronic devices and components such as phones, computers, batteries and circuit boards — similar to throwing out an old appliance but with electrical parts and toxic materials. Investors care because e-waste creates regulatory, cleanup and disposal costs, potential liabilities, and reputational risk, while also presenting opportunities to recover value through recycling, refurbishment or materials reclamation that can affect a company’s costs and long‑term profitability.

printed circuit boards technical

"from electronic waste (printed circuit boards) and other high-value feedstocks."

Printed circuit boards (PCBs) are thin boards that hold and connect electronic parts, using copper paths like tiny roads to guide electricity between components such as chips and sensors. They matter to investors because PCBs are core building blocks of nearly all electronic products — their design, quality, and supply affect production costs, product reliability, and the ability of companies to scale or meet demand, which in turn influences sales, margins and risk exposure.

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

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Center to Utilize Company's Proprietary Flash Joule Heating (FJH) Technology for Recovery of Critical, Precious and Base Metals from Electronic Waste and Other High-Value Feedstocks

HOUSTON, March 10, 2026 /PRNewswire/ -- Metallium Ltd. (ASX: MTM; OTCQX: MTMCF; OTCQX ADR: MTLMY) announced that progress at its Gator Point Technology Campus in Chambers County, Texas is rapidly advancing. This facility will be the first for the company in the US that will utilize its proprietary Flash Joule Heating (FJH) technology to recover critical, precious and base metals from electronic waste (printed circuit boards) and other high-value feedstocks.

The company acquired the plant less than 12 months ago and has undertaken substantial site rehabilitation, infrastructure upgrades and installation of processing equipment, transforming the facility into the Company's primary U.S. technology demonstration and early commercial processing hub. The company continues to advance the industrial scale-up of the plant, with the goal of three FJH reactors operating in parallel by June of this year. More details are available here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03066243-6A1315516&v=undefined.

"The progress achieved at our flagship Technology Campus in less than 12 months has been substantial," said Michael Walshe, Managing Director and CEO of Metallium. "The site has rapidly evolved from a mothballed facility into a technology campus supporting the industrial scale-up of our FJH platform. Parallel development, optimization and commissioning is progressing across the flowsheet, and the next major milestone will be demonstrating three FJH reactors operating in parallel. This milestone will validate the scalability of the technology and represent an important step toward our Stage-1 commercial configuration targeting approximately 8,000 tons of PCF feedstock per year."

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 earth 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-reports-industrial-scale-up-of-its-texas-technology-campus-advances-rapidly-302709717.html

SOURCE Metallium, Ltd.

FAQ

What progress did Metallium (MTLMY) report at its Texas Technology Campus on March 10, 2026?

Metallium reported rapid site rehabilitation and equipment installation at Gator Point, advancing industrial scale‑up. According to the company, the facility is being converted into a U.S. demonstration and early commercial hub using its FJH technology.

When does Metallium (MTLMY) expect three FJH reactors to operate in parallel at Gator Point?

The company is targeting three FJH reactors operating in parallel by June 2026. According to the company, achieving this will validate scalability and mark a key step toward Stage‑1 commercial configuration.

What is Metallium's (MTLMY) Stage‑1 throughput target at the Texas campus?

Stage‑1 aims to process approximately 8,000 tons of PCF feedstock per year. According to the company, this target reflects the intended early commercial configuration pending successful reactor commissioning and optimization.

What feedstocks will Metallium (MTLMY) recover metals from at the Texas facility?

The facility will recover critical, precious and base metals from e‑waste, printed circuit boards and other high‑value feedstocks. According to the company, FJH enables extraction of metals like gallium, germanium, antimony, rare earths and gold.

Does Metallium (MTLMY) describe the US plant acquisition timeline and upgrades?

Yes. The company acquired the plant less than 12 months ago and completed substantial rehabilitation and infrastructure upgrades. According to the company, these works transformed the site into its primary U.S. technology demonstration hub.