Metallium Announces Contracts for 50% of Stage-1 Printed Circuit Board Feedstock Target
Rhea-AI Summary
Metallium (OTCQX: MTLMY) announced binding contracts that now cover 50% (4,000 tpa) of its 8,000 ton per annum Stage‑1 PCB feedstock target, including a binding supply agreement with Glencore for up to 2,400 tpa. The company is commissioning its Texas Technology Campus with multi‑reactor Flash Joule Heating installation and testing.
Management said it targets a contracted base of ~70% of Stage‑1 while retaining ~30% spot exposure to benchmark pricing and maintain sourcing flexibility as operations scale.
Positive
- Contracts cover 50% of Stage‑1 8,000 tpa target (4,000 tpa)
- Glencore supply agreement for up to 2,400 tpa of e‑scrap/feedstock
- Commissioning progress at Texas Technology Campus with multi‑reactor FHJ installation and testing
- Targeted contracted base ~70% planned to underpin stable operations
Negative
- Retains ~30% exposure to spot market procurement for Stage‑1 feedstock
- Currently contracted volume (50%) is below stated 70% target for a fully underpinned Stage‑1
News Market Reaction – MTMCF
In the May 6 session, MTMCF gained 0.24%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
This builds on the Company's previously announced binding supply agreement with Glencore Ltd. for up to 2,400 tpa of e-scrap and feedstock including additional agreements with other established industry participants as the company continues to ramp up commissioning of its Texas Technology Campus in the
Walsh said, "We are building a diversified and high-quality supply base beyond our cornerstone agreement with Glencore, while deliberately retaining exposure to the spot market, ensuring we maintain real-time visibility on pricing to optimize commercial outcomes as we scale."
Metallium is progressing the commissioning at its Texas Technology Campus, including multi-reactor FHJ installation and testing, as well as ongoing studies into upstream pre-processing and downstream recovery pathways. "Securing increasing volumes of contracted feedstocks enables the company to maintain predictable reactor utilization, execute extended processing campaigns across multiple PCB streams and generate data to support the planned multi-line scale up," he added.
Global e-waste is rapidly expanding with recycling rates materially lagging growth, increasing a structure supply gap in high-value secondary materials. PCBs sit at the center of this opportunity, offering materially higher grades of gold, silver, palladium and copper than most primary ores. The growth of data centers, AI, telecoms and electrification is driving sustained increases in PCB scrap volumes, yet the US remains reliant on offshore processing, with limited domestic capacity and the extra costs involved in exporting and sub-optimal recovery systems.
Metallium Ltd. (https://www.metalluminc.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. The company's secured its first commercial site in
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SOURCE Metallium Ltd.