MTM Critical Metals Announces A$50 million Placement with Institutional Investors to Accelerate US Commercialization of Flash Joule Heating Technology
MTM Critical Metals (OTCQB: MTMCF) has secured A$50 million (US$32.5M) through a two-tranche institutional placement at A$0.55 per share, led by Petra Capital. The company, soon to be renamed Metallium Ltd., will use the funds to accelerate the commercialization of its Flash Joule Heating (FJH) technology in the US.
The FJH technology, exclusively licensed from Rice University, is an advanced electrothermal process for efficient metal recovery from various sources including e-waste and rare earth minerals. MTM is establishing its first operational facility in Houston through its subsidiary Flash Metals USA Inc., with high-grade feedstock already secured and commissioning underway.
MTM Critical Metals (OTCQB: MTMCF) ha raccolto 50 milioni di dollari australiani (32,5 milioni di dollari USA) tramite un collocamento istituzionale in due tranche a 0,55 dollari australiani per azione, guidato da Petra Capital. La società, che presto cambierà nome in Metallium Ltd., utilizzerà i fondi per accelerare la commercializzazione della sua tecnologia Flash Joule Heating (FJH) negli Stati Uniti.
La tecnologia FJH, concessa in licenza esclusiva dalla Rice University, è un processo elettrotermico avanzato per il recupero efficiente di metalli da diverse fonti, compresi i rifiuti elettronici e i minerali di terre rare. MTM sta allestendo il suo primo impianto operativo a Houston tramite la sua controllata Flash Metals USA Inc., con materie prime di alta qualità già assicurate e l'avvio della fase di commissioning in corso.
MTM Critical Metals (OTCQB: MTMCF) ha asegurado 50 millones de dólares australianos (32,5 millones de dólares estadounidenses) mediante una colocación institucional en dos tramos a 0,55 dólares australianos por acción, liderada por Petra Capital. La compañía, que pronto cambiará su nombre a Metallium Ltd., utilizará los fondos para acelerar la comercialización de su tecnología Flash Joule Heating (FJH) en EE. UU.
La tecnología FJH, licenciada en exclusiva por la Universidad de Rice, es un proceso electro-térmico avanzado para la recuperación eficiente de metales a partir de diversas fuentes, incluidos residuos electrónicos y minerales de tierras raras. MTM está estableciendo su primera planta operativa en Houston a través de su subsidiaria Flash Metals USA Inc., con materia prima de alta calidad ya asegurada y el proceso de puesta en marcha en marcha.
MTM Critical Metals (OTCQB: MTMCF)는 Petra Capital이 주도하는 두 차례 기관 배정을 통해 5,000만 호주 달러(3,250만 미국 달러)를 주당 0.55 호주 달러에 확보했습니다. 회사는 곧 Metallium Ltd.로 이름을 변경할 예정이며, 이 자금을 미국에서 Flash Joule Heating(FJH) 기술의 상용화를 가속화하는 데 사용할 계획입니다.
FJH 기술은 라이스 대학교에서 독점 라이선스를 받은 고급 전기열 공정으로, 전자 폐기물 및 희토류 광물을 포함한 다양한 원료에서 금속을 효율적으로 회수합니다. MTM은 자회사 Flash Metals USA Inc.를 통해 휴스턴에 첫 번째 운영 시설을 설립 중이며, 고품질 원료를 이미 확보하고 시운전 작업이 진행 중입니다.
MTM Critical Metals (OTCQB : MTMCF) a levé 50 millions de dollars australiens (32,5 millions de dollars US) via un placement institutionnel en deux tranches à 0,55 dollar australien par action, mené par Petra Capital. La société, qui sera bientôt renommée Metallium Ltd., utilisera ces fonds pour accélérer la commercialisation de sa technologie Flash Joule Heating (FJH) aux États-Unis.
La technologie FJH, licenciée en exclusivité par l'université Rice, est un procédé électrothermique avancé permettant une récupération efficace des métaux à partir de diverses sources, notamment les déchets électroniques et les minerais de terres rares. MTM met en place sa première installation opérationnelle à Houston via sa filiale Flash Metals USA Inc., avec des matières premières de haute qualité déjà sécurisées et la mise en service en cours.
MTM Critical Metals (OTCQB: MTMCF) hat über eine zweistufige institutionelle Platzierung zu 0,55 AUD pro Aktie 50 Millionen australische Dollar (32,5 Millionen US-Dollar) eingesammelt, angeführt von Petra Capital. Das Unternehmen, das bald in Metallium Ltd. umbenannt wird, wird die Mittel nutzen, um die Kommerzialisierung seiner Flash Joule Heating (FJH) Technologie in den USA zu beschleunigen.
Die FJH-Technologie, exklusiv von der Rice University lizenziert, ist ein fortschrittliches elektrothermisches Verfahren zur effizienten Metallrückgewinnung aus verschiedenen Quellen, darunter Elektroschrott und seltene Erden. MTM errichtet seine erste Betriebsanlage in Houston über seine Tochtergesellschaft Flash Metals USA Inc., mit bereits gesichertem hochwertigem Rohmaterial und laufender Inbetriebnahme.
- Secured significant funding of A$50M (US$32.5M) from institutional investors
- Exclusive worldwide licensing rights to innovative Flash Joule Heating technology
- First facility in Houston area with high-grade feedstock already secured
- Technology offers cost-effective and environmentally friendly metal recovery solution
- Strong institutional investor support validates business model and technology
- Share dilution from new placement at A$0.55 per share
- Commercialization phase carries execution and scaling risks
- Technology still needs to prove commercial viability at scale
Company's Technology Can Extract Critical and Precious Metals from E-Waste as well as Serve as a Beneficiation Process for Rare Earths
Michael Walshe, MTM's Managing Director & CEO said, "This placement marks a significant milestone for MTM. The level of institutional support we have received is a clear endorsement of our progress to date and our ambition to become a leading US-based technology platform. We are positioned to execute decisively, both on technology delivery and our broader US expansion strategy."
He added that MTM is moving rapidly to build a scalable, first-mover platform in critical metals recovery with an initial facility to be in operation in the
Additional information on the placement is available at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02960529-6A1270086&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6.
MTM Critical Metals Ltd., which will soon be renamed Metallium Ltd. (https://www.mtmcriticalmetals.com.au), specializes in advanced metal recovery technologies. The company's
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