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An announcement from Mt Monger Resources Ltd. ( (AU:MTM) ) is now available.
Metallium Limited reported a milestone December quarter marked by the start of commissioning at its Texas Technology Campus, where the first integrated chlorine flash using its FJH technology was successfully completed and dry and wet commissioning across core systems is progressing. The company secured its first binding multi-year e-scrap feedstock supply agreement with Glencore to underpin Stage-1 operations, advanced foundational operating frameworks for a Tier-1 industrial facility, and continued site development with key equipment procurement and infrastructure works. Metallium also expanded its U.S. and critical metals footprint through a Level I ADR program on the OTCQX market, a strategic LOI with ElementUSA for gallium and scandium recovery from red mud in Louisiana, and exclusive processing rights over the Dy/Tb-rich Harts Range Project, while a A$75 million capital raising completed after quarter-end lifted pro-forma cash to about A$100 million, strengthening its balance sheet to support disciplined ramp-up and U.S. commercialisation plans.
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 an Australian-headquartered critical metals company focused on recovering valuable metals from electronic waste and industrial waste streams, using its proprietary Flash Joule Heating (FJH) technology. The company is developing its primary operational hub at the Texas Technology Campus in the United States, targeting rare earths, gallium, scandium and other specialty metals, with an increasing strategic focus on the U.S. market and capital markets access.
Average Trading Volume: 6,602,949
Technical Sentiment Signal: Buy
Current Market Cap: A$618.4M
For an in-depth examination of MTM stock, go to TipRanks’ Overview page.