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An update from Mt Monger Resources Ltd. ( (AU:MTM) ) is now available.
Metallium has secured binding supply contracts for 4,000 tonnes per annum of printed circuit board feedstock, covering 50% of its Stage 1 target of 8,000 tonnes for its U.S. operations. This builds on a long-term agreement with Glencore and includes additional confidential suppliers, forming the base of a hybrid procurement model that aims for about 70% contracted volumes and 30% spot market purchases.
The company said the contracts significantly de-risk commissioning at its Texas Technology Campus, enabling predictable reactor utilisation, extended processing campaigns and data generation for multi-line scale-up. Metallium plans a key multi-reactor Flash Joule Heating demonstration and is advancing additional supply agreements and downstream offtake discussions, positioning itself as part of emerging critical infrastructure for domestic U.S. e-waste metals recovery.
The most recent analyst rating on (AU:MTM) stock is a Buy with a A$1.60 price target. To see the full list of analyst forecasts on Mt Monger Resources Ltd. stock, see the AU:MTM Stock Forecast page.
More about Mt Monger Resources Ltd.
Metallium Ltd. is an Australia- and U.S.-based company focused on processing electronic waste, particularly printed circuit boards, to recover high-value metals such as gold, silver, palladium and copper. The company is developing its Texas Technology Campus around its Flash Joule Heating platform to build scalable domestic e-waste recycling capacity in the United States.
Average Trading Volume: 3,901,801
Technical Sentiment Signal: Hold
Current Market Cap: A$405.3M
For a thorough assessment of MTM stock, go to TipRanks’ Stock Analysis page.