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 societ脿, che presto cambier脿 nome in Metallium Ltd., utilizzer脿 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, 猫 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 qualit脿 gi脿 assicurate e l'avvio della fase di commissioning in corso.
MTM Critical Metals (OTCQB: MTMCF) ha asegurado 50 millones de d贸lares australianos (32,5 millones de d贸lares estadounidenses) mediante una colocaci贸n institucional en dos tramos a 0,55 d贸lares australianos por acci贸n, liderada por Petra Capital. La compa帽铆a, que pronto cambiar谩 su nombre a Metallium Ltd., utilizar谩 los fondos para acelerar la comercializaci贸n de su tecnolog铆a Flash Joule Heating (FJH) en EE. UU.
La tecnolog铆a FJH, licenciada en exclusiva por la Universidad de Rice, es un proceso electro-t茅rmico avanzado para la recuperaci贸n eficiente de metales a partir de diversas fuentes, incluidos residuos electr贸nicos y minerales de tierras raras. MTM est谩 estableciendo su primera planta operativa en Houston a trav茅s de su subsidiaria Flash Metals USA Inc., con materia prima de alta calidad ya asegurada y el proceso de puesta en marcha en marcha.
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FJH 旮办垹鞚� 霛检澊鞀� 雽�頃欔祼鞐愳劀 霃呾爯 霛检澊靹犾姢毳� 氚涭潃 瓿犼笁 鞝勱赴鞐� 瓿奠爼鞙茧, 鞝勳瀽 韽愱赴氍� 氚� 頋啝毳� 甏戨鞚� 韽暔頃� 雼れ枒頃� 鞗愲鞐愳劀 旮堨啀鞚� 須湪鞝侅溂搿� 須岇垬頃╇媹雼�. MTM鞚� 鞛愴殞靷� Flash Metals USA Inc.毳� 韱淀暣 頊挫姢韯挫棎 觳� 氩堨Ц 鞖挫榿 鞁滌劋鞚� 靹る 欷戩澊氅�, 瓿犿拡歆� 鞗愲毳� 鞚措 頇曤炒頃橁碃 鞁滌毚鞝� 鞛戩梾鞚� 歆勴枆 欷戩瀰雼堧嫟.
MTM Critical Metals (OTCQB : MTMCF) a lev茅 50 millions de dollars australiens (32,5 millions de dollars US) via un placement institutionnel en deux tranches 脿 0,55 dollar australien par action, men茅 par Petra Capital. La soci茅t茅, qui sera bient么t renomm茅e Metallium Ltd., utilisera ces fonds pour acc茅l茅rer la commercialisation de sa technologie Flash Joule Heating (FJH) aux 脡tats-Unis.
La technologie FJH, licenci茅e en exclusivit茅 par l'universit茅 Rice, est un proc茅d茅 茅lectrothermique avanc茅 permettant une r茅cup茅ration efficace des m茅taux 脿 partir de diverses sources, notamment les d茅chets 茅lectroniques et les minerais de terres rares. MTM met en place sa premi猫re installation op茅rationnelle 脿 Houston via sa filiale Flash Metals USA Inc., avec des mati猫res premi猫res de haute qualit茅 d茅j脿 s茅curis茅es et la mise en service en cours.
MTM Critical Metals (OTCQB: MTMCF) hat 眉ber eine zweistufige institutionelle Platzierung zu 0,55 AUD pro Aktie 50 Millionen australische Dollar (32,5 Millionen US-Dollar) eingesammelt, angef眉hrt 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 Metallr眉ckgewinnung aus verschiedenen Quellen, darunter Elektroschrott und seltene Erden. MTM errichtet seine erste Betriebsanlage in Houston 眉ber 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:聽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. (), specializes in advanced metal recovery technologies. The company's
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SOURCE MTM Critical Metals Ltd.
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