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Mt Monger Resources Ltd. ( (AU:MTM) ) has issued an update.
Metallium Ltd has issued 690,000 ordinary fully paid shares following the conversion of unlisted options, generating proceeds of $82,800. This move, executed without disclosure under the Corporations Act, aligns with the company’s compliance with regulatory provisions and enhances its operational capacity, potentially impacting its market positioning and stakeholder interests.
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 a significant step towards production and revenue generation.
Average Trading Volume: 6,864,605
Technical Sentiment Signal: Buy
Current Market Cap: A$547.8M
For an in-depth examination of MTM stock, go to TipRanks’ Overview page.