• Metallium executes binding LOI with ElementUSA to collaborate on recovering gallium and scandium from red mud in Louisiana
• Metallium's Flash Joule Heating technology to support ElementUSA's demonstration facility
• Up to $10.1M in non-dilutive funding for initial deployment of Metallium's technology

Metallium, through its US subsidiary Flash Metals USA Inc., has executed a binding Letter of Intent (LOI) with ElementUSA to collaborate on the recovery of gallium and scandium from red mud in the United States. Metallium's Flash Joule Heating (FJH) technology will support ElementUSA's work to develop a demonstration facility in Gramercy, Louisiana to recover gallium, scandium and other critical metals from red mud. ElementUSA is a leading specialist in metal recovery from primary and secondary resources and operates the Critical Resource Accelerator in Texas. The LOI establishes a commercial framework covering licence fees, royalties and revenue share for Metallium. Metallium has been allocated up to $10.1 million in non-dilutive funding for the initial deployment of FJH units across two stages, subject to performance milestones. This agreement marks Metallium's evolution into a revenue generating, technology-led critical metals processor with significant scale up potential across urban mining and mineral processing.

Metallium has been allocated up to $10.1 million in non-dilutive funding from ElementUSA for the initial deployment of its Flash Joule Heating technology across two stages, subject to performance milestones.

The collaboration with ElementUSA positions Metallium at the centre of the U.S. effort to build sovereign capability in critical metals like gallium and scandium. The commercial terms create long-term value through technology licence fees, per tonne royalties and revenue share, while securing access to highly strategic sites with deep water port access.