Metallium Reports Substantial Progress during Quarter Ending June 30, 2026

Rhea-AI Summary

Metallium (ASX: MTM, OTCQX: MTMCF, ADR: MTLMY) reported substantial operational progress for the quarter ending June 30, 2026, centered on its patented Flash Joule Heating (FJH) platform for recovering precious and critical metals from e-waste and certain mining wastes.

The company stated it has substantially de-risked the FJH platform, validated a modular scale-up strategy, and shifted focus to optimization, scaling and commercialization. Metallium signed binding contracts securing 4,000 tpa of printed circuit board feedstock, about 50% of its Stage 1 capacity of 8,000 tpa, and its fully owned Texas plant (8,000 tpa nameplate) continues to meet milestones. The company ended the quarter with approximately A$65 million in cash and is progressing toward a potential NASDAQ uplist as its PCAOB audit advances.

Positive

• Binding PCB feedstock contracts for 4,000 tpa, ~50% of 8,000 tpa Stage 1 capacity
• Cash balance of about A$65 million (approximately US$45.5 million) at quarter-end
• Texas FJH plant fully owned, 8,000 tpa nameplate capacity, continues to meet milestones
• FJH platform de-risked after more than 100 test campaigns and first prolonged multi-reactor run
• Progress toward NASDAQ uplist as PCAOB audit moves forward

Negative

• None.

Market Context

This quarterly progress report can be read alongside the -7.36% reaction to June 16's operating upda...

Analysis

This quarterly progress report can be read alongside the -7.36% reaction to June 16's operating update and the +4.59% response to feedstock contracts. Execution around commercialization milestones remains a risk factor to watch.

Key Figures

Reporting period: June 30, 2026 Initial product sales: First half of 2027 PCF feedstock contracts: 4,000 tpa +5 more

8 metrics

Reporting period June 30, 2026 Quarter ending

Initial product sales First half of 2027 Expected commercial printed circuit board processing sales

PCF feedstock contracts 4,000 tpa Binding contracts signed during the quarter

Stage 1 capacity secured 50% Share of Stage 1 capacity represented by contracted PCF feedstock

Stage 1 capacity 8,000 tpa Company's Stage 1 PCF capacity

Test campaigns More than 100 Test campaigns across multiple feedstocks

Cash balance A$65 million Quarter-end balance

Cash balance US$45.5 million Quarter-end balance

Historical Context

5 past events · Latest: Jun 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 16	multi-unit operations	Positive	-7.4%	Successful completion of first concurrent three-unit Flash Joule Heating campaign
May 21	conference presentation	Neutral	-1.1%	Company presented commercialization plans and Flash Joule Heating technology
May 19	Phase II grant	Positive	-0.9%	Affiliate received a Phase II contract to recover metals from electronic waste
May 12	continuous reactor run	Positive	-0.3%	Completed a 12-hour continuous single-reactor operating campaign
May 06	feedstock contracts	Positive	+4.6%	Binding contracts covered 4,000 tpa, or 50%, of Stage 1 feedstock target

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

Pattern Detected

The stock historically diverged from several positive operational announcements, while the feedstock-contract announcement received a positive reaction.

Key Terms

flash joule heating, pcaob, flowsheet, nameplate capacity

4 terms

flash joule heating technical

"Flash Joule Heating (FJH) platform"

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.

pcaob regulatory

"as the PCAOB audit moves forward"

The PCAOB (Public Company Accounting Oversight Board) is an independent regulator that inspects and enforces rules for the auditors who check public companies’ financial statements. Think of it as a referee for accountants: it sets standards, reviews audit work, and can punish sloppy or dishonest audits. That matters to investors because trustworthy, well-audited financial reports reduce the risk of surprises and help people make better decisions about buying, holding, or selling stocks.

flowsheet technical

"a proprietary printed PCB pre-processing flowsheet"

A flowsheet is a structured table that records a series of clinical or operational data points—such as vital signs, lab results, medication doses, procedures or milestone dates—so each patient or case can be tracked over time. For investors, a flowsheet turns detailed trial or operational activity into a clear timeline that highlights progress, gaps or problems, helping assess development speed, regulatory readiness and potential delays much like a trip log shows a journey’s pace and hiccups.

nameplate capacity technical

"with a nameplate capacity of 8,000 tpa of e-waste"

Nameplate capacity is the maximum output a power plant, factory, or piece of equipment can produce under ideal conditions, as specified by the manufacturer. Investors care because it sets the upper limit on potential revenue and growth—actual earnings depend on how often and efficiently that capacity is used, similar to a car’s top speed versus how fast you actually drive in daily traffic.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Core FJH Platform That Retrieves Precious Metals and Critical Minerals From e-Waste as Well as Beneficiation in Mining Industry De-Risked; Binding Contracts for Feedstock Supply; Key Agreements and Partnerships Secured or Extended

HOUSTON, July 31, 2026 /PRNewswire/ -- Metallium Limited (ASX: MTM; OTCQX: MTMCF and OTCQX ADR: MTLMY) released its quarterly activities and cash flow report that showed significant progress made by the company in the quarter ending June 30, 2026. Here is a link to the full report: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03115651-6A1336160&v=undefined.

Metallium, and its wholly owned US subsidiary, Flash Metals USA, is commercializing its patented Flash Joule Technology (FJH) that can quickly separate precious metals and critical minerals such as rare earth elements, germanium, platinum group metals, red mud and other critical minerals, as well as precious metals such as gold, from e-waste, printed circuit boards, metal-bearing catalytic converts as well as certain mining waste.

During the quarter the company substantially de-risked the FJH platform, validating its modular scale-up strategy and shifting focus to optimization, scaling and commercialization of the technology.

Initial product sales are expected in the first half of 2027 as the company is on track to commerce commercial printed circuit board processing, following the development of a proprietary printed PCB pre-processing flowsheet that improves throughput, economics, additional value recovery and new patentable IP.

During the quarter the company signed binding contracts to secure 4,000 tpa of PCF feedstock, representing approximately 50% of the company's Stage 1 capacity of 8,000 tpa.

The diversity of the platform was demonstrated through successful FJH testing across rare earths, gallium, germanium, platinum group metals and other critical metals. The company expects to report these results next month.

Commercial agreements and partnerships continued to be expanded and opportunities for government and defense programs advanced.

The company ended the quarter with a strong balance sheet showing a cash balance of approximately A$65 million (approximately US$45.5m). In addition, the company continues to progress toward an uplist to NASDAQ as the PCAOB audit moves forward.

Michael Walshe, managing director and CEO of Metallium said, "We have been systematically de-risking the Flash Joule Heating (FJH) platform before committing significant capital to commercial deployment. Following more than 100 test campaigns across multiple feedstocks, together with our first successful prolonged multi-reactor operating campaign, we are increasingly confident that the core FJH platform has now been substantially de-risked. Our focus has shifted from proving the technology to optimizing, scaling and commercializing the platform."

The company's first fully-owned and operated plant, in Texas, with a nameplate capacity of 8,000 tpa of e-waste, continues to meet its milestones, including multi units processing simultaneously. Additional milestones are scheduled to occur in the next several months.

Metallium will host an investor webinar on Monday evening, August 3 at 9 p.m. EDT to discuss the quarterly activities and provide an update on recent operational and corporate developments. Those who wish to participate may register for the webinar using the following link: https://us02web.zoom.us/webinar/register/WN_9wnft-iVTm--qF72EuZe-Q .

View original content:https://www.prnewswire.com/news-releases/metallium-reports-substantial-progress-during-quarter-ending-june-30-2026-302840090.html

SOURCE Metallium Ltd.

FAQ

What key progress did Metallium (OTCQX: MTLMY) report for the quarter ending June 30, 2026?

Metallium reported substantial de-risking of its Flash Joule Heating (FJH) platform and strong balance sheet. According to Metallium, it validated a modular scale-up strategy, advanced commercialization efforts, secured feedstock contracts, and continued developing its fully owned Texas plant with 8,000 tpa nameplate e-waste capacity.

How much PCB feedstock has Metallium (MTLMY) secured and what share of Stage 1 capacity is this?

Metallium has signed binding contracts securing 4,000 tpa of printed circuit board feedstock. According to Metallium, this volume represents approximately 50% of the company’s Stage 1 capacity of 8,000 tpa at its Texas facility, supporting early commercialization of the FJH platform.

What is Metallium’s Flash Joule Heating (FJH) platform and what metals can it recover?

The FJH platform is a patented process Metallium uses to rapidly separate metals from e-waste and certain mining wastes. According to Metallium, it targets rare earths, gallium, germanium, platinum group metals, red mud, other critical minerals, and precious metals such as gold from various metal-bearing feedstocks.

What was Metallium’s cash balance at June 30, 2026, and what does it imply for MTLMY investors?

Metallium reported a cash balance of approximately A$65 million (about US$45.5 million) at quarter-end. According to Metallium, this strong balance sheet supports ongoing technology optimization, plant milestones, and corporate initiatives, including work toward a potential NASDAQ uplisting for broader capital markets access.

Is Metallium (MTLMY) progressing toward a NASDAQ uplisting and what steps are underway?

Metallium is progressing toward an uplist to NASDAQ, subject to requirements and market conditions. According to Metallium, its PCAOB audit is moving forward, which is a key regulatory and reporting step necessary before it can pursue a potential NASDAQ listing of its securities.

What is the status of Metallium’s first fully owned Texas plant and its processing capacity?

Metallium’s first fully owned and operated plant in Texas has a nameplate capacity of 8,000 tpa of e-waste. According to Metallium, the plant continues to meet its development milestones, including simultaneous multi-unit processing, with additional milestones scheduled over the coming months.

When will Metallium (MTLMY) host its investor webinar about the June 30, 2026 quarter?

Metallium will host an investor webinar on Monday evening, August 3, at 9 p.m. EDT. According to Metallium, the session will cover quarterly activities and recent operational and corporate developments, and investors can register through the provided Zoom webinar registration link.