Metallium Announces Successful Completion of Phase I Small Business Innovation Research Contract with U.S. Department of War

Metallium (OTCQX: MTLMY) announced Flash Metals Texas completed Phase I of a U.S. Department of War SBIR via DLA, achieving or exceeding all technical milestones.

Rhea-AI Summary

Metallium (OTCQX: MTLMY) announced Flash Metals Texas completed Phase I of a U.S. Department of War SBIR via DLA, achieving or exceeding all technical milestones.

The program recovered gallium from semiconductor and e-waste using Metallium's Flash Joule Heating technology and finished in six months, half the typical SBIR Phase I timeline.

Positive

• Phase I completion under U.S. Department of War SBIR
• Technical milestones achieved or exceeded
• Program delivered in 6 months versus typical 12-month Phase I

Negative

• Phase I outcome is pre-commercial with no announced revenue impact
• No binding commercial contracts or quantified revenue from the program disclosed

Argus Apr 7 session

-4.33% close to close Open Argus

Details

News Market Reaction – MTMCF

On Apr 7, the day this news came out, MTMCF closed 4.33% below the previous close.

Data tracked by StockTitan Argus for the Apr 7 session.

Key Figures

Contract phase: Phase I Ownership: 100% owned subsidiary Program duration achieved: Six months +1 more

Contract phase

Phase I

Phase I SBIR contract with U.S. Department of War

Ownership

100% owned subsidiary

Flash Metals Texas, Inc. ownership by Metallium Ltd.

Program duration achieved

Six months

Time to complete SBIR Phase I workstreams

Typical program duration

12-month

Typical SBIR Phase I program duration

Historical Context

5 past events · Latest: Mar 31

5 events

1. Mar 31

   Offtake agreement

   24h Move

   +6.8%

   Long-term offtake deal for recovered gallium and germanium with Indium Corp.

2. Mar 10

   Scale-up update

   24h Move

   -2.0%

   Rapid industrial scale-up plans for FJH reactors at Texas campus.

3. Feb 12

   Asset option deal

   24h Move

   -9.4%

   Option for New Frontier Minerals to acquire 90% of Pomme REE project.

4. Jan 21

   Capital raise

   24h Move

   -1.7%

   A$75M strategic placement to fund U.S. commissioning and expansion plans.

5. Jan 12

   ADR program launch

   24h Move

   -1.8%

   Sponsored Level 1 ADR on OTCQX to expand U.S. investor access.

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

Key Terms

small business innovation research (sbir), defense logistics agency, flash joule heating (fjh), adr

4 terms

small business innovation research (sbir) regulatory

"successfully completed Phase I of its Small Business Innovation Research (SBIR) contract"

Small Business Innovation Research (SBIR) is a government program that provides funding to small companies to develop new and innovative technologies. By supporting these startups, SBIR helps turn ideas into practical products or solutions, which can lead to new markets and growth opportunities. For investors, it signals potential for breakthrough innovations and early-stage growth in emerging industries.

defense logistics agency regulatory

"SBIR contract with the U.S. Department of War (DoW) through the Defense Logistics Agency (DLA)"

A defense logistics agency is a government organization that acts like a central purchasing office and warehouse for a country's armed forces, buying, storing and delivering things such as equipment, spare parts, fuel and medical supplies. It matters to investors because these agencies are large, steady customers whose contracts can provide reliable revenue, influence supplier production plans and affect the financial outlook and risk profile of companies that supply military and related goods.

flash joule heating (fjh) technical

"using Metallium's Flash Joule Heating (FJH) Technology"

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.

adr financial

"OTCQX ADR: MTLMY"

An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.

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All Technical Milestones Achieved or Exceeded, Demonstrating Recovery of Gallium from Semiconductor and Electronic Waste Streams Using Metallium's Flash Joule Heating (FJH) Technology

HOUSTON, April 7, 2026 /PRNewswire/ -- Metallium Limited (ASX: MTM; OTCQX: MTMCF; OTCQX ADR: MTLMY) announced its 100% owned subsidiary of Metallium Ltd., Flash Metals Texas, Inc., has successfully completed Phase I of its Small Business Innovation Research (SBIR) contract with the U.S. Department of War (DoW) through the Defense Logistics Agency (DLA).

The program, titled "Domestic Recovery of Gallium from Waste through Flash Electrothermal Chlorination", applied Metallium's proprietary FJH metal recovery technology to recover gallium from gallium-rich waste streams including semiconductor scrap and electronic waste materials. These feedstocks commonly contain germanium and other valuable strategic metals, expanding the potential impact of the FJH technology across multiple critical material supply chains.

"We achieved or exceeded all technical milestones under the contract and delivered the required workstreams within six months, significantly faster than the typical 12-month SBIR Phase I program duration," said Michael Walshe, Managing Director and CEO of Metallium.

Steve Ragiel, president of Metallium's U.S. operations said, "Successful completing our first U.S. DoW program is an important milestone for us. We have validated the capability of our Flash Joule Heating technology to address a key national security challenge for the U.S."

Ragiel explained that gallium is a critical material used in advanced semiconductors, radar systems, satellite electronics and next-generation defense technologies. "Demonstrating a pathway to recover gallium domestically from waste streams aligns directly with U.S. strategic objectives to build resilient supply chains for defense-critical minerals," he noted, adding that completing the program in half the typical timeframe also "highlights the maturity of our technology platform and the strength of our team."

Additional information on the program's execution and strategic importance can be found at this link: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03075768-6A1319360&v=undefined.

Metallium (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. Metallium's first commercial site is located in Texas and is operated via its wholly owned subsidiary, Flash Metals USA.

View original content to download multimedia:https://www.prnewswire.com/news-releases/metallium-announces-successful-completion-of-phase-i-small-business-innovation-research-contract-with-us-department-of-war-302735514.html

SOURCE Metallium Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Metallium announce about its Phase I SBIR completion on April 7, 2026 (MTLMY)?

Metallium completed Phase I of a U.S. Department of War SBIR in six months, meeting all milestones. According to the company, the work recovered gallium from semiconductor and e-waste using Flash Joule Heating, validating the technology on defense-relevant feedstocks.

How significant is finishing the SBIR Phase I in six months for Metallium (MTLMY)?

Finishing Phase I in six months is materially faster than the usual 12-month timeline. According to the company, this speed highlights technology maturity and execution capability for defense-related metal recovery programs.

What feedstocks did Metallium's FJH technology target in the SBIR program (MTLMY)?

The program targeted gallium-rich semiconductor scrap and electronic waste streams. According to the company, these feedstocks can also contain germanium and other strategic metals, expanding potential recovery opportunities.

Does Metallium (MTLMY) report any commercial contracts from the SBIR Phase I win?

No commercial contracts or revenue were announced from the Phase I completion. According to the company, the result is a validated technical pathway but remains pre-commercial pending next-phase agreements.

Why is domestic gallium recovery important to Metallium and investors (MTLMY)?

Domestic gallium recovery supports resilient, defense-critical supply chains for semiconductors and radar systems. According to the company, the technology addresses national security objectives by enabling recovery from domestic waste streams.

What are the next steps after Metallium's Phase I SBIR completion (MTLMY)?

Typical next steps include Phase II proposals and scale-up for commercial demonstration, though none were announced. According to the company, Phase I validation strengthens prospects for follow-on work and potential commercialization.