MTM Critical Metals Announces A$50 million Placement with Institutional Investors to Accelerate US Commercialization of Flash Joule Heating Technology

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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

HOUSTON, June 26, 2025 /PRNewswire/ -- MTM Critical Metals Limited (ASX: MTM; OTCQB: MTMCF) announced it has secured A$50 million (approximately $32.5m US) in firm commitments from institutional investors via a two-tranche placement at A$0.55 (approximately $0.36US) per share. The raise, which will occur in two tranches, was primarily placed among institutional investors and led by Australian-based Petra Capital who served as sole lead manager and bookrunner.

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 Houston area. "With high-grade feedstock secured and commissioning under, MTM is now positioned to deliver commercial output from the US in the near term."

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 100% owned US subsidiary, Flash Metals USA Inc., is based in Houston. MTM has the exclusive worldwide licensing rights to the innovative Flash Joule Heating technology, an innovative metal recovery and mineral processing method developed at Rice University. FJH is an advanced electrothermal process that enhances metal recovery and mineral processing compared to traditional methods. By rapidly heating materials in a controlled atmosphere, FJH efficiently extracts metals like lithium from spodumene, gallium and antimony from scrap, and gold from E-Waste, among others. This technology has potential to revolutionize metal recovery by reducing energy consumption, reagent use, and waste, offering a more economical and environmentally friendly alternative.

View original content:https://www.prnewswire.com/news-releases/mtm-critical-metals-announces-a50-million-placement-with-institutional-investors-to-accelerate-us-commercialization-of-flash-joule-heating-technology-302492237.html

SOURCE MTM Critical Metals Ltd.

FAQ

How much funding did MTM Critical Metals (MTMCF) raise in its June 2025 placement?

MTM Critical Metals raised A$50 million (US$32.5M) through a two-tranche placement with institutional investors at A$0.55 per share.

What is MTM Critical Metals' Flash Joule Heating technology used for?

The Flash Joule Heating technology is an advanced electrothermal process that efficiently extracts metals like lithium from spodumene, gallium and antimony from scrap, and gold from E-Waste, while reducing energy consumption and waste.

Where is MTM Critical Metals establishing its first operational facility?

MTM Critical Metals is establishing its first operational facility in the Houston area, through its subsidiary Flash Metals USA Inc., with high-grade feedstock already secured and commissioning underway.

What is MTM Critical Metals changing its name to?

MTM Critical Metals Ltd. will soon be renamed to Metallium Ltd.

Who led the A$50M placement for MTM Critical Metals?

Petra Capital served as the sole lead manager and bookrunner for the institutional placement.