MTM Critical Metals Signs MOU with Vendanta Ltd. to Pioneer Alumina Waste Recycling
MTM Critical Metals (MTMCF) has signed a non-binding memorandum of understanding with Vendanta to explore the use of MTM's patented Flash Joule Heating (FJH) Technology for recycling red mud (bauxite tailings) waste.
The collaboration aims to recover valuable metals including iron, alumina, titanium, gallium, scandium, and rare earths from Vendanta's red mud deposits. Initial pilot studies have already demonstrated successful iron reduction. The processed material could also be used to manufacture 'green' cement with a lower CO2 footprint.
The 12-month MOU involves no immediate financial obligations. Future agreements will address feedstock supply, processing costs, revenue-sharing, and licensing arrangements based on technical and commercial viability assessments. Globally, over 4 billion tons of red mud waste containing valuable metals currently sit in hazardous tailings deposits.
MTM Critical Metals (MTMCF) ha firmato un memorandum d'intesa non vincolante con Vendanta per esplorare l'uso della tecnologia brevettata di MTM, il Flash Joule Heating (FJH), per il riciclo dei rifiuti di fango rosso (residui di bauxite).
La collaborazione mira a recuperare metalli preziosi, tra cui ferro, allumina, titanio, gallio, scandio e terre rare, dai depositi di fango rosso di Vendanta. Studi pilota iniziali hanno gi脿 dimostrato una riduzione efficace del ferro. Il materiale trattato potrebbe anche essere utilizzato per produrre cemento 'verde' con un'impronta di CO2 ridotta.
Il memorandum d'intesa di 12 mesi non comporta obblighi finanziari immediati. Gli accordi futuri affronteranno la fornitura di materie prime, i costi di lavorazione, la condivisione dei ricavi e gli accordi di licenza sulla base di valutazioni di fattibilit脿 tecnica e commerciale. A livello globale, oltre 4 miliardi di tonnellate di rifiuti di fango rosso contenenti metalli preziosi si trovano attualmente in depositi di scorie pericolose.
MTM Critical Metals (MTMCF) ha firmado un memorando de entendimiento no vinculante con Vendanta para explorar el uso de la tecnolog铆a patentada de MTM, el Flash Joule Heating (FJH), para el reciclaje de residuos de lodo rojo (colas de bauxita).
La colaboraci贸n tiene como objetivo recuperar metales valiosos, incluyendo hierro, al煤mina, titanio, galio, escandio y tierras raras, de los dep贸sitos de lodo rojo de Vendanta. Los estudios piloto iniciales ya han demostrado una reducci贸n exitosa del hierro. El material procesado tambi茅n podr铆a utilizarse para fabricar cemento 'verde' con una menor huella de CO2.
El memorando de entendimiento de 12 meses no implica obligaciones financieras inmediatas. Los futuros acuerdos abordar谩n el suministro de materia prima, los costos de procesamiento, la distribuci贸n de ingresos y los acuerdos de licencia basados en evaluaciones de viabilidad t茅cnica y comercial. A nivel mundial, m谩s de 4 mil millones de toneladas de residuos de lodo rojo que contienen metales valiosos se encuentran actualmente en dep贸sitos de colas peligrosos.
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MTM Critical Metals (MTMCF) a sign茅 un protocole d'accord non contraignant avec Vendanta pour explorer l'utilisation de la technologie brevet茅e de MTM, le Flash Joule Heating (FJH), pour le recyclage des d茅chets de boue rouge (r茅sidus de bauxite).
La collaboration vise 脿 r茅cup茅rer des m茅taux pr茅cieux, notamment fer, alumine, titane, gallium, scandium et terres rares, 脿 partir des d茅p么ts de boue rouge de Vendanta. Des 茅tudes pilotes initiales ont d茅j脿 d茅montr茅 une r茅duction r茅ussie du fer. Le mat茅riau trait茅 pourrait 茅galement 锚tre utilis茅 pour fabriquer du ciment 'vert' avec une empreinte carbone r茅duite.
Le protocole d'accord de 12 mois n'implique aucune obligation financi猫re imm茅diate. Les futurs accords aborderont l'approvisionnement en mati猫res premi猫res, les co没ts de traitement, le partage des revenus et les accords de licence bas茅s sur des 茅valuations de faisabilit茅 technique et commerciale. 脌 l'茅chelle mondiale, plus de 4 milliards de tonnes de d茅chets de boue rouge contenant des m茅taux pr茅cieux se trouvent actuellement dans des d茅p么ts de r茅sidus dangereux.
MTM Critical Metals (MTMCF) hat ein unverbindliches Memorandum of Understanding mit Vendanta unterzeichnet, um die Verwendung der patentierten Flash Joule Heating (FJH) Technologie von MTM zur Wiederverwertung von rotem Schlamm (Bauxit-R眉ckst盲nden) zu erkunden.
Die Zusammenarbeit zielt darauf ab, wertvolle Metalle wie Eisen, Alumina, Titan, Gallium, Scandium und Seltene Erden aus den roten Schlammablagerungen von Vendanta zur眉ckzugewinnen. Erste Pilotstudien haben bereits eine erfolgreiche Eisenreduktion gezeigt. Das verarbeitete Material k枚nnte auch zur Herstellung von 'gr眉nem' Zement mit einem geringeren CO2-Fu脽abdruck verwendet werden.
Das 12-monatige MOU beinhaltet keine sofortigen finanziellen Verpflichtungen. Zuk眉nftige Vereinbarungen werden die Rohstoffversorgung, Verarbeitungskosten, Umsatzbeteiligung und Lizenzvereinbarungen basierend auf technischen und kommerziellen Machbarkeitsbewertungen behandeln. Weltweit lagern 眉ber 4 Milliarden Tonnen roter Schlamm, der wertvolle Metalle enth盲lt, derzeit in gef盲hrlichen R眉ckstandsdeponien.
- Successfully demonstrated FJH technology's ability to reduce iron in pilot studies
- Access to massive market opportunity with 4+ billion tons of global red mud waste
- Potential revenue streams from metal recovery and green cement production
- Partnership with major industry player Vendanta
- Non-binding MOU with no guaranteed financial terms
- No immediate revenue generation from the agreement
- Technology still in pilot phase, requiring further validation
- Commercial viability yet to be proven
Under the terms of the non-binding MOU, MTM will collaborate with Vendanta to explore use of their proprietary, patented Flash Joule Heating (FJH) Technology to recycle Vendanta's Red Mud (bauxite tailings) and recover valuable metals, including iron, alumina, titanium, gallium, scandium, rare earths that are "locked up" by the iron.
"Since our technology can recover the iron, once that is removed, recovery of remaining valuable metals in the red mud will be possible and can be used as raw material for the manufacture of 'green' cement. Red mud is viewed as a great cement additive," explained MTM Managing Director and CEO Michael Walshe. "If iron can be removed to a certain level, the resulting 'green' cement will have a lower CO2 footprint verses traditional material."
MTM has already demonstrated that its FJH process can reduce iron from Vendanta-supplied red-mud in pilot studies. Next steps will focus on recovery of residual alumina, titanium and other metals from Vendanta's red mud.
Globally, red mud is a significant waste problem. More than four billion tons currently sit in 'hazardous' tailings deposits with millions of tons of valuable contained metals still encapsulated in these stockpiles. "This effort represents a significant new opportunity for our process," affirmed Walshe.
There are no financial obligations or payments stipulated under this non-binding MOU; the collaboration is structured to assess technical feasibility and commercial viability, with potential future agreements to define any financial considerations including feedstock supply, processing costs, revenue-sharing and licensing arrangements to be considered following this pilot program. The MOU will remain in effect for 12 months from signing unless extended by mutual agreement.
A full announcement on this MOU has been filed with the ASX and can be found here:
MTM Critical Metals, Ltd. (), with offices in
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