Metallium (ASX: MTM) is significantly advancing its industrial-scale e-waste processing at its Gator Point Technology Campus in Chambers County, Texas, targeting substantial capacity by 2026.
Metallium is rapidly advancing its industrial-scale Flash Joule Heating (FJH) technology at Gator Point, which is currently undergoing substantial site rehabilitation, infrastructure upgrades, and equipment installation.
The company is targeting an interim milestone of demonstrating three FJH reactors delivering a 3-5 t/day raw PCB throughput in parallel by June 2026.
Looking ahead, Metallium has set a Stage-1 capacity target of 8,000 tpa of PCB feedstock by Q4 2026, with a Stage-2 capacity projection of 16,000 tpa, which would enable future multi-site expansion.
Glencore Feedstock Agreement De-risks Inputs
The Texas facility is positioned as Metallium’s US technology hub for testing and early commercial metal recovery.
Underpinning this expansion is a binding long-term feedstock supply agreement with global commodity giant Glencore for up to 2,400 tpa of electronic scrap for Metallium’s subsidiary, Flash Metals USA Inc., directly supporting the US commissioning and scale-up of the FJH technology.
The contract, initiated on January 1, 2026, is for a fixed term until December 31, 2026, with annual evergreen extensions.
The target feedstock is expected to have an AuEq grade of approximately 200g/t, with overall recovery rates of 80-90% anticipated across key metals.
Metallium is also in discussions with additional suppliers for comparable feedstock agreements.
Specialty Metals Line Exploration
Metallium is exploring the development of a dedicated specialty metals processing line, specifically targeting gallium and germanium. This initiative is contingent on securing long-term feedstock agreements for these niche materials.
This exploration builds on Metallium's previous successes, including achieving approximately 90% gallium and 80% germanium recovery from semiconductor industry waste using its FJH technology.
The company has also established a strategic partnership with Indium Corporation, a major US supplier of these critical metals, to bolster the US strategic minerals supply chain.
Furthermore, Metallium subsidiary Flash Metals Texas was awarded a Phase 1 contract with the Department of Defense (DoD) for gallium recovery efforts, and a binding Letter of Intent with ElementUSA targets gallium and scandium recovery from red-mud waste.
Pomme REE Project Earn-in Progress
In Canada, New Frontier Minerals (NFM) has entered into a binding option and earn-in agreement to acquire up to 90% of Metallium's Pomme Rare Earth Element (REE) and Niobium (Nb) project in Québec.
The agreement includes an initial upfront payment of $100,000 cash and 200,000 NFM shares for a two-year option period.
The earn-in structure involves staged spend milestones over several years, leading to NFM acquiring an 80% stake in Stage 2 and a 90% stake in Stage 3.
Metallium will act as a processing and technology partner, with its FJH technology slated for test work on the project's materials.
Metallium will retain a 10% free-carried interest to DFS, which would convert to a 1.5% Net Smelter Royalty if diluted below 10%.
Strategic Funding and Partnerships
Metallium has been actively engaged in strategic funding activities and partnerships, including a successful institutional capital raise in June 2025 that provided an additional $50 million in funding.
Beyond the Glencore feedstock agreement and the NFM earn-in, Metallium has also secured a significant contract with the Department of Defense (DoD) through its Flash Metals Texas subsidiary for gallium recovery.
The company also signed a binding Letter of Intent with ElementUSA to process red-mud waste for gallium and scandium.
The deal further diversifies the company's critical metals recovery efforts and strengthens its position in the US supply chain.
