Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | MTM Critical Metals Ltd (MTM.ASX) |
|---|---|
| Release Time | 13 Apr 2026, 8:22 a.m. |
| Price Sensitive | Yes |
Metallium Advances Technology Development and Commercialization
- Multiple FJH campaigns completed, driving improvements in throughput, recoveries and system performance
- Demonstration of multi-reactor operation targeted for June quarter, validating scalability
- Long-term offtake agreement secured with Indium Corporation, binding feedstock contract with Glencore
Metallium Limited is pleased to report on a transformational March 2026 quarter, marked by strong progress in technology development and commercialization. The Gator Point Technology Campus is evolving into Metallium's first commercial processing hub and technology demonstration facility, supporting scalable deployment of its Flash Joule Heating (FJH) platform across the United States. Key highlights include: multiple FJH campaigns completed, driving improvements in throughput, recoveries and system performance; execution capability strengthened with the appointment of Hunt, Guillot & Associates as Owner's Engineer; flowsheet optimization progressing with the addition of pre- and post-FJH circuits; IP strengthened via expanded Rice University licence covering additional metal recovery pathways. On the commercial front, Metallium executed a 10-year metal offtake agreement with Indium Corporation and a multi-year e-scrap supply agreement with Glencore. The company also completed a A$75 million strategic capital raising and made progress on its U.S. listing. Looking ahead, the focus for the June quarter will be on demonstrating multiple FJH reactors operating in parallel, continued commissioning and optimization, and progression toward an 8,000 tpa run-rate demonstration.
Metallium expects to demonstrate multiple FJH reactors operating in parallel during the June quarter 2026, representing a key scale-up milestone. The company is also targeting progression toward an ~8,000 tpa run-rate demonstration.
Metallium's focus for the June quarter 2026 will be on demonstrating multiple FJH reactors operating in parallel, continued commissioning and optimization across the flowsheet, and execution of additional feedstock and offtake agreements.