• Substantial de-risking of Flash Joule Heating platform
• Binding contracts secure 50% of Stage 1 PCB feedstock requirements
• Progress in commercializing technology with initial sales expected in 1H27
• Successful test campaigns across multiple feedstocks
• Expanded engagement across industry, AI, data centres, defence and government

MTM Critical Metals Ltd reported significant progress in the June 2026 quarter, advancing its Flash Joule Heating (FJH) technology platform and commercial initiatives. The core FJH platform has been substantially de-risked following over 100 test campaigns and the first successful prolonged multi-reactor operating campaign. The company is on track to commence commercial PCB processing and initial product sales during the first half of 2027. Binding contracts secure approximately 50% of the Stage 1 nameplate capacity of 8,000 tpa, supporting commissioning and early operations. The company also demonstrated the versatility of the FJH platform across rare earths, gallium, germanium, platinum group metals, and other critical metals. Commercial momentum is accelerating with multiple partnership, feedstock, and offtake opportunities advancing. The company is also progressing discussions regarding a potential first technology licensing arrangement.

The company expects to commence commercial PCB processing and initial product sales during the first half of 2027.