Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Mt Monger Resources Ltd. ( (AU:MTM) ) just unveiled an update.
Metallium Ltd announced the issuance of 18 million ordinary shares following the exercise of vested performance rights, without requiring disclosure under the Corporations Act. This move, authorized by the Board of Directors, is part of the company’s compliance with regulatory provisions and aims to facilitate the on-sale of these securities under specific exemptions. The issuance of these shares is expected to enhance Metallium’s operational capabilities and strengthen its market position, potentially impacting stakeholders positively by aligning with strategic supply chain goals and advancing towards production and revenue generation.
The most recent analyst rating on (AU:MTM) stock is a Buy with a A$0.96 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 a company focused on pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. Utilizing its patented Flash Joule Heating technology, Metallium extracts high-value materials such as gallium, germanium, antimony, rare earth elements, and gold from feedstocks like refinery scrap, e-waste, and monazite. The company is aligned with U.S. strategic supply chain objectives and has recently secured its first commercial site in Texas through its subsidiary, Flash Metals USA Inc., marking significant progress towards production and revenue generation.
Average Trading Volume: 6,802,988
Technical Sentiment Signal: Buy
Current Market Cap: A$445.5M
For an in-depth examination of MTM stock, go to TipRanks’ Overview page.