Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | MTM Critical Metals Ltd (MTM.ASX) |
|---|---|
| Release Time | 29 Jan 2026, 8:15 a.m. |
| Price Sensitive | Yes |
Metallium Commences Commissioning, Secures Feedstock Contract
- Successful first chlorine flash completed at Texas Technology Campus
- Executed binding e-scrap supply agreement with Glencore
- Launched sponsored Level I ADR program on OTCQX
Metallium Limited has reported a milestone quarter, with the commencement of commissioning at its Texas Technology Campus, the execution of its first binding long-term feedstock supply agreement with Glencore, the launch of a sponsored Level I ADR program on OTCQX, and further progress across its technology development and mineral processing initiatives. The successful completion of the first integrated chlorine flash using the company's Flash Joule Heating (FJH) technology represents a major technical milestone, with dry and wet commissioning now underway across the facility's core systems. The execution of the Glencore feedstock agreement provides secure, contracted e-scrap supply to support commissioning and initial operations, establishing a scalable foundation for future multi-line deployment. The launch of the sponsored ADR program broadens Metallium's shareholder base and market visibility in the United States, supporting preparatory work toward a potential Level 2 Nasdaq listing. The company also made progress on specialty metal programs, rare earth processing, and strategic government engagement, while continuing to rationalize its legacy mineral asset portfolio to align with its U.S. technology commercialization strategy.
Metallium's pro-forma cash balance following a A$75 million capital raise in January 2026 is approximately A$104 million, providing substantial funding runway to execute its near-term operational and strategic objectives.
The March quarter 2026 will focus on continued staged commissioning and optimization at the Texas Technology Campus, progression of additional feedstock and offtake agreements, advancement of specialty-metal and REE programs, and ongoing U.S. capital-markets engagement. Metallium enters CY2026 positioned as a U.S.-focused industrial technology platform transitioning from development into commercial execution.