Mt Monger Resources Ltd. ( (AU:MTM) ) has provided an update.
MTM Critical Metals Ltd reported significant advancements in its operations for the quarter ending March 31, 2025. The company signed a non-binding MOU with Vedanta Ltd to explore the repurposing of Red Mud, a by-product of alumina refining, using its FJH technology. This initiative could unlock a massive opportunity in critical metals recovery, aligning with India’s industrial waste reuse policies. Additionally, MTM progressed on its 1TPD demonstration plant in Texas, finalizing process design and beginning equipment procurement, with plans to commission by Q4 2025. The company also achieved breakthroughs in rare earth elements processing and metal recovery from refinery waste, positioning itself to address U.S. supply chain vulnerabilities.
More about Mt Monger Resources Ltd.
MTM Critical Metals Ltd operates in the critical metals industry, focusing on the development and commercialization of its proprietary Flash Joule Heating (FJH) technology. The company is engaged in the recycling and recovery of valuable metals from industrial waste, with a market focus on addressing supply chain vulnerabilities and promoting sustainable practices.
YTD Price Performance: -36.54%
Average Trading Volume: 5,523,039
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$75.68M
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