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.

Argus Jul 31 session

+4.92% close to close Open Argus

Details

Market move: MTMCF +4.92% in the Jul 31 session. 2Q26 earnings report

On Jul 31, the day this news came out, MTMCF closed 4.92% above the previous close.

Data tracked by StockTitan Argus for the Jul 31 session.

Key Figures

Reporting Period: June 30, 2026 Initial Product Sales: First half of 2027 PCF Feedstock Contracts: 4,000 tpa +5 more

Reporting Period

June 30, 2026

Quarter ending

Initial Product Sales

First half of 2027

Expected commercial printed circuit board processing

PCF Feedstock Contracts

4,000 tpa

Binding contracts secured during the quarter

Stage 1 Capacity Coverage

Approximately 50%

Of 8,000 tpa Stage 1 capacity

Stage 1 Capacity

8,000 tpa

Printed circuit board processing capacity

Cash Balance

Approximately A$65 million

Quarter-end balance

Cash Balance

Approximately US$45.5m

Quarter-end balance

Test Campaigns

More than 100

Across multiple feedstocks

Historical Context

5 past events · Latest: Jun 16

5 events

1. Jun 16

   multi-unit operations

   24h Move

   -2.6%

   First multi-unit FJH campaign completed with 83% availability and about 100% utilization.

2. May 21

   conference presentation

   24h Move

   +0.7%

   Company presented FJH commercialization plans and critical-metals processing strategy.

3. May 19

   Phase II grant

   24h Move

   +0.0%

   Flash Metals Texas received a Phase II contract to recover gallium and germanium.

4. May 12

   reactor run

   24h Move

   +0.5%

   Single FJH reactor completed a successful 12-hour continuous operating campaign.

5. May 06

   feedstock contracts

   24h Move

   +0.2%

   Binding contracts covered 50% of the Stage 1 printed circuit board feedstock target.

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

Key Terms

beneficiation, feedstock, PCAOB audit, nameplate capacity

4 terms

beneficiation technical

"Core FJH Platform That Retrieves Precious Metals and Critical Minerals From e-Waste as Well as Beneficiation"

Beneficiation is the process of cleaning, concentrating, or otherwise improving raw mined material so it contains more of the valuable mineral and less waste rock, similar to removing chaff from grain to leave the useful kernels. For investors, beneficiation matters because it changes how much saleable product a mine produces, affects production costs and capital needs, and influences profit margins, commodity supply and permitting or environmental obligations.

feedstock technical

"binding contracts to secure 4,000 tpa of PCF feedstock"

Feedstock is the raw material—such as crude oil, natural gas, agricultural crops, or recycled plastics—used as the primary input to make fuels, chemicals, plastics, or other industrial products; think of it as the ingredients you put into a factory recipe. For investors, feedstock matters because its price, supply stability and quality directly shape producers’ costs, profit margins and ability to meet demand, so shifts in feedstock markets can alter company earnings and valuations.

PCAOB audit regulatory

"the PCAOB audit moves forward"

A PCAOB audit is an independent review of a public company’s financial statements and internal accounting controls conducted under rules set by the Public Company Accounting Oversight Board (PCAOB). Think of it as a safety inspection for a company’s books: it helps ensure the numbers are accurate and that the people checking them follow strict standards. For investors, a PCAOB audit increases confidence in reported results, lowers the risk of undisclosed problems, and can influence investment decisions or stock value.

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.

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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

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

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.