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Mt Monger Resources Ltd. ( (AU:MTM) ) just unveiled an update.
Metallium Limited announced a significant breakthrough in rare earth element recovery from magnet waste, achieved through a collaboration with Rice University researchers. The new method, Flash Joule Heating combined with chlorination, offers a more efficient, environmentally friendly, and cost-effective alternative to traditional recycling processes. This innovation could dramatically reduce energy use, emissions, and costs while eliminating the need for acids and water. Metallium plans to trial this method in its Texas pilot prototype system, potentially revolutionizing the recycling pathway for magnet waste and reinforcing its leadership in the U.S. rare-earth refining and recycling sector.
The most recent analyst rating on (AU:MTM) stock is a Buy with a A$1.40 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 company focused on the critical metals industry, with a particular emphasis on rare earth elements. The company is engaged in developing sustainable and efficient methods for refining and recycling rare earth materials, primarily aiming to establish an independent U.S.-based supply chain for these critical resources.
Average Trading Volume: 7,342,546
Technical Sentiment Signal: Buy
Current Market Cap: A$646.2M
Learn more about MTM stock on TipRanks’ Stock Analysis page.