Metallium Raises $3.05m Through Option Conversions and Issues Incentive Shares

An update from Mt Monger Resources Ltd. ( (AU:MTM) ) is now available.

Metallium Limited has expanded its share capital through the issue of 15,250,000 fully paid ordinary shares from the conversion of unlisted options, raising $3.05 million in cash, alongside 657,245 shares issued in lieu of engineering fees to Knight Hawk Engineering. The company has also granted 714,286 shares as a performance and retention incentive to a U.S.-based employee, and has lodged a cleansing notice under section 708A of the Corporations Act to confirm these securities can be freely traded while affirming its compliance with continuous disclosure and financial reporting obligations, which supports liquidity in its stock and underpins investor confidence in its governance and funding position.

The most recent analyst rating on (AU:MTM) stock is a Hold with a A$0.94 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 Limited is a critical and precious metals recovery company pioneering a low‑carbon, high‑efficiency approach to extracting high‑value materials such as gallium, germanium, antimony, rare earth elements and gold from mineral concentrates and high‑grade waste streams including refinery scrap, e‑waste and monazite. Using its patented Flash Joule Heating technology and operating through its wholly owned U.S. subsidiary Flash Metals USA Inc., the company is aligned with U.S. strategic supply chain objectives and has recently secured its first commercial site in Texas to advance toward near‑term production and revenue generation.

Average Trading Volume: 6,721,417

Technical Sentiment Signal: Buy

Current Market Cap: A$618.4M

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