• Glencore to supply critical feedstock for Metallium's Stage 1 e-waste processing facility
• Glencore to purchase up to 75% of Metallium's recycled metal production
• Partnership validates Metallium's Flash Joule Heating technology and U.S. growth strategy

Metallium Limited (ASX: MTM) has executed a Memorandum of Understanding (MOU) with a subsidiary of Glencore plc, one of the world's largest diversified resource companies and a major recycler of end-of-life electronics, lithium-ion batteries, and other critical metal-containing products. The MOU creates a framework for a potential long-term collaboration in electronic scrap supply and metal offtake in the United States. Under the agreement, Glencore will be a major supplier of feedstock to Metallium's first commercial facility in Texas, committing electronic scrap toward Metallium's Stage 1 target of 8,000 tonnes/year inbound printed circuit board (PCB) tonnage, with scope to expand volumes as the company advances to future stages of growth. Glencore will also provide technical services for incoming feedstocks, including assaying. Additionally, Glencore will purchase up to 75% of Metallium's production of marketable recycled products, including metallic metals, metal chlorides and metal hydroxides. Metallium retains the option to independently market high-value niche products such as gallium, germanium, indium and rare earth elements. The agreement follows a site visit by a senior Glencore technical representative to Metallium's Houston-area facility and sets the framework for a long-term collaboration, with the parties intending to execute a binding agreement by 31 December 2025.

The partnership with Glencore supports Metallium's plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks, and regional industrial corridors. This hub-and-spoke model will enable Metallium to rapidly scale capacity, reduce costs, and provide a resilient domestic supply of critical and precious metals.