• Breakthrough year with technology validation, commercial agreements, U.S. footprint, and strategic partnerships
• FJH technology de-risked at pilot scale, ready for commercial-scale deployment
• Dual business model targeting e-waste recycling and critical mineral processing

Metallium Ltd (ASX: MTM) presented its 2025 AGM update, showcasing a transformative year for the company. Key highlights include:1. Strategic Commercial Agreements: Metallium secured feedstock agreements with Glencore Recycling (North America) and partnerships with Indium Corporation, Ucore, and multiple U.S. recyclers.2. Technology Validation Milestones: The company's FJH (Flash Joule Heating) technology achieved significant breakthroughs, including a ~20x upgrade of raw Harts Range REE ore and ~53x Dy enrichment. Metallium also successfully extracted tin and palladium from e-waste PCBs, achieving recovery rates of 86% and 82%, respectively.3. U.S. Footprint Establishment: Metallium secured a long-term lease for a Texas technology campus with scalable capacity, and is exploring additional site options across the U.S. The company also achieved an OTCQX uplisting and a pathway to a NASDAQ listing.4. FJH Module Design Finalization: Metallium finalized the design of its first commercial-scale FJH module, ready for fabrication.5. Government Recognition: The company received a SBIR Phase-I contract with the U.S. Department of Energy for gallium recovery.Metallium's dual business model targets both e-waste recycling and critical mineral processing, leveraging its FJH technology's versatility, low capital intensity, and minimal environmental impact. The company aims to become the go-to technology solution for e-waste and challenging mineral processing opportunities globally.

Metallium's vision for 2030 is to expand toward a global network of recovery plants targeting precious, strategic, and rare-earth metals from the world's fastest-growing waste streams and most challenging mineral feedstocks. The company's modular, scalable, and low-impact FJH technology enables rapid global deployment close to feedstock sources, reducing transportation costs and carbon footprint.