• A$75 million strategic capital raising completed, cornerstone-led by U.S. institutional investors
• Issue price of A$0.84 per share, representing an 8.7% discount to last close
• U.S. institutional participation increased following key U.S. operational and commercial milestones

Metallium Limited ('Metallium' or the 'Company') (ASX: MTM; OTCQX: MTMCF; OTCQX ADR: MTLMY) is pleased to announce the successful completion of a A$75 million strategic capital raising, led by U.S.-based institutional investors. The capital raising was completed at an issue price of A$0.84 per share, representing an 8.7% discount to the Company's last closing price and an 8.8% discount to the 5-day volume-weighted average price (VWAP). The transaction materially increases U.S. institutional participation on Metallium's share register and reflects growing investor interest in U.S. critical metals processing and technology platforms. A number of participating investors have dedicated mandates focused on critical minerals, industrial onshoring, and U.S. supply-chain infrastructure. Metallium received a high level of in-bound institutional interest in the Company following a series of recent operational and commercial milestones, including the execution of a long-term e-scrap supply agreement with Glencore, the commencement of commissioning activities at the Company's Gator Point Technology Campus in Texas, the establishment and active trading of Metallium ADRs on the OTCQX, and the selection of Metallium's FJH technology to support ElementUSA's planned demonstration facility at Gramercy, Louisiana. These milestones have driven strong engagement from U.S. institutions, including funds with dedicated mandates for critical metals, recycling technologies, and domestic supply-chain solutions aligned with U.S. industrial and policy priorities. Proceeds from the capital raising will be used to advance Metallium's U.S. operations and commercialisation, including commissioning and expansion of processing capacity, securing feedstock supply and working capital, workforce growth, and continued development and deployment of the Company's Flash Joule Heating (FJH) technology.