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An announcement from Mt Monger Resources Ltd. ( (AU:MTM) ) is now available.
Metallium Ltd has secured its first U.S. Department of Defense SBIR contract to advance domestic gallium recovery, marking its formal entry into the U.S. federal innovation and funding system. This Phase I contract supports a six-month program leveraging Metallium’s Flash Joule Heating technology to recover gallium from waste streams, with potential recovery of germanium and other high-value metals. The initiative aligns with U.S. strategic objectives to secure domestic supply chains for defense-critical minerals, positioning Metallium for further funding and commercial implementation to enhance U.S. supply chain resilience for gallium and other critical metals.
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 pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. The company’s patented Flash Joule Heating (FJH) technology enables the extraction of high-value materials such as gallium, germanium, antimony, rare earth elements, and gold from feedstocks like refinery scrap, e-waste, and monazite. Aligned with U.S. strategic supply chain objectives, Metallium has secured its first commercial site in Texas through its subsidiary, Flash Metals USA Inc., marking a significant step toward production and revenue generation.
Average Trading Volume: 6,823,330
Technical Sentiment Signal: Buy
Current Market Cap: A$471.3M
See more data about MTM stock on TipRanks’ Stock Analysis page.