Metallium (ASX: MTM, OTCQX: MTMCF, MTMLY) reported successful testing of its proprietary Flash Joule Heating (FJH) technology across multiple critical metal feedstocks, including rare earth ores, germanium-bearing wastes, spent catalytic converters and red mud/gallium streams.
The company converted unbeneficiated rare earth ore with about 12% TREO into >83 wt% mixed REE chloride, with over 4x NdPr enrichment. Germanium was enriched up to 280x from zinc smelter waste, 240x from semiconductor waste and 35x from defense-related waste. Testing on catalytic converters produced a >60% purity PGM-rich product in a single unoptimized cycle, while red mud tests removed ~99% iron and 94% silicon, retained ~95% aluminum and concentrated gallium. All programs were initiated by industry participants, with commercial discussions underway.
New Frontier Minerals (OTCQB: NFMXF) secured a binding option to acquire 90% of the advanced Pomme Rare Earth Element project in Quebec from Metallium (OTCQX: MTMCF).
The project covers ~9 square miles (43 claims), historic drilling (13 holes, ~3.5 miles) intersected REE-Nb mineralization in every hole across a >2km lateral system; early Metallium Flash Joule Heating test work and Canadian government and local Cree First Nations arrangements are in place.