Metallium to Launch First Commercial E-Waste Processing Facility in Texas

Metallium (ASX: MTM) – previously MTM Critical Metals – is set to hit a major milestone this year with the commissioning of its first commercial flash joule heating (FJH) facility in Texas.

Well-funded with an additional $50 million on hand after the successful institutional capital raise it completed in June, Metallium continues to make significant advances with its US-focused metals recovery platform.

Releasing its June quarterly report, the company highlighted a number of developments across funding, site acquisition, technology validation, and strategic partnerships.

E-Waste Agreements

Metallium signed long-term supply agreements with two major US e-waste collection firms, bringing total committed high-value e-scrap supply to approximately 1,100 tonnes per annum for Phase 1 plant capacity.

The company successfully secured a site In Texas under a long-term lease with purchase option in an area that is fully permitted for waste processing.

Metallium also successfully tested a production-scale FJH crucible, enabling it to demonstrate the scalability of its technology while de-risking commercial rollout.

In what looks to be an important value-add breakthrough the company achieved 98% antimony recovery from US E-waste and the FJH process demonstrated the ability to remove 80% of lanthanum and cerium from mixed rare earth carbonate feedstock, paving the way for a solvent-free, chloride-based refining process.

Rebrand Finalised

On the corporate front, the company formalised its name change to Metallium to reflect its transition to a US-focused industrial technology platform.

“Our rebrand to Metallium marks a new chapter, one that aligns with our mission to recover critical and precious metals, faster and cleaner, at scale,” chief executive officer Michael Walshe said.

“The overwhelming support from Tier-1 institutions in our oversubscribed capital raise reflects growing recognition of the scale and urgency of what we’re building.”

“With our Texas site secured, our commercial reactor validated, and our first plant on track for commissioning by year-end, we are now moving decisively to deliver on our vision—the momentum is real, and the opportunity ahead is immense.”