Metallium Partners with ElementUSA to Boost U.S. Critical Metals Supply

Mt Monger Resources Ltd. ( (AU:MTM) ) has issued an announcement.

Metallium Ltd has entered into a binding Letter of Intent with ElementUSA to collaborate on recovering gallium and scandium from red mud in Louisiana, USA. This partnership involves the deployment of Metallium’s Flash Joule Heating technology, supported by up to $10.1 million in non-dilutive funding, to develop a demonstration facility at the Gramercy alumina refinery. The agreement marks a significant step for Metallium, enhancing its role in the U.S. critical minerals sector and establishing a commercial framework that includes technology license fees, royalties, and revenue sharing. This initiative aligns with broader efforts to strengthen domestic processing capabilities for critical materials, offering Metallium a scalable pathway to commercialize its technology and diversify its operations.

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, trading on ASX as MTM and OTCQX as MTMCF, is a company involved in the critical metals processing industry. The company focuses on the recovery of strategic materials such as gallium and scandium, primarily through its subsidiary, Flash Metals USA Inc. Metallium employs advanced technologies like Flash Joule Heating to extract valuable metals from industrial waste, positioning itself as a technology-led processor with potential for significant scale-up in urban mining and mineral processing.

Average Trading Volume: 7,779,067

Technical Sentiment Signal: Buy

Current Market Cap: A$539.7M

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