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MTM Critical Metals Announces A$50 million Placement with Institutional Investors to Accelerate US Commercialization of Flash Joule Heating Technology
Company's Technology Can Extract Critical and Precious Metals from E-Waste as well as Serve as a Beneficiation Process for Rare Earths
HOUSTON, June 26, 2025 /PRNewswire/ -- MTM Critical Metals Limited (ASX: MTM; OTCQB: MTMCF) announced it has secured A$50 million (approximately $32.5m US) in firm commitments from institutional investors via a two-tranche placement at A$0.55 (approximately $0.36US) per share. The raise, which will occur in two tranches, was primarily placed among institutional investors and led by Australian-based Petra Capital who served as sole lead manager and bookrunner.
Michael Walshe, MTM's Managing Director & CEO said, "This placement marks a significant milestone for MTM. The level of institutional support we have received is a clear endorsement of our progress to date and our ambition to become a leading US-based technology platform. We are positioned to execute decisively, both on technology delivery and our broader US expansion strategy."
He added that MTM is moving rapidly to build a scalable, first-mover platform in critical metals recovery with an initial facility to be in operation in the Houston area. "With high-grade feedstock secured and commissioning under, MTM is now positioned to deliver commercial output from the US in the near term."
Additional information on the placement is available at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02960529-6A1270086&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6.
MTM Critical Metals Ltd., which will soon be renamed Metallium Ltd. (https://www.mtmcriticalmetals.com.au), specializes in advanced metal recovery technologies. The company's 100% owned US subsidiary, Flash Metals USA Inc., is based in Houston. MTM has the exclusive worldwide licensing rights to the innovative Flash Joule Heating technology, an innovative metal recovery and mineral processing method developed at Rice University. FJH is an advanced electrothermal process that enhances metal recovery and mineral processing compared to traditional methods. By rapidly heating materials in a controlled atmosphere, FJH efficiently extracts metals like lithium from spodumene, gallium and antimony from scrap, and gold from E-Waste, among others. This technology has potential to revolutionize metal recovery by reducing energy consumption, reagent use, and waste, offering a more economical and environmentally friendly alternative.
View original content:SOURCE MTM Critical Metals Ltd.
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