Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mt Monger Resources Ltd. ( (AU:MTM) ) has issued an announcement.
Metallium Limited has completed a A$75 million strategic capital raising at A$0.84 per share, led by U.S. institutional investors with mandates in critical minerals, recycling technologies and domestic processing, increasing U.S. participation on its register and supporting its U.S.-focused critical metals processing strategy. The funds will be directed toward commissioning and expanding processing capacity at its Gator Point Technology Campus in Texas, securing feedstock underpinned by a long-term Glencore e-scrap agreement, growing its U.S. workforce, advancing deployment of its Flash Joule Heating technology across red mud, gallium and rare earth feedstocks, and positioning the company for commercial scale-up and a planned NASDAQ listing in the third quarter of 2026.
The most recent analyst rating on (AU:MTM) stock is a Hold with a A$0.92 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 an Australia- and U.S.-based critical metals processing and technology company focused on recycling and recovering high-value metals from e-scrap, red mud and other critical-metal-rich feedstocks. Leveraging its proprietary Flash Joule Heating (FJH) technology and a growing U.S. operational footprint, including the Gator Point Technology Campus in Texas and a role in ElementUSA’s planned demonstration facility in Louisiana, Metallium targets U.S. supply-chain security, domestic processing capacity and industrial onshoring trends.
Average Trading Volume: 6,723,935
Technical Sentiment Signal: Buy
Current Market Cap: A$577.4M
Find detailed analytics on MTM stock on TipRanks’ Stock Analysis page.