MTM Critical Metals and Meteoric Resources Collaborate on Rare Earth Processing

Mt Monger Resources Ltd. ( (AU:MTM) ) has issued an announcement.

MTM Critical Metals Ltd has signed a non-binding Memorandum of Understanding (MOU) with Meteoric Resources NL to collaborate on the downstream processing of mixed rare earth carbonate (MREC) from Meteoric’s Caldeira Rare Earth Project in Brazil. This follows successful proof-of-concept test work using MTM’s Flash Joule Heating (FJH) technology, which effectively concentrated high-value magnetic REEs and separated low-value materials, potentially transforming Western rare-earth supply chains by offering a faster and more efficient alternative to traditional methods. This collaboration is expected to enhance the value and flexibility of rare earth supply, supporting the development of Western supply chains.

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.

MTM Critical Metals Ltd is a company involved in the critical metals industry, focusing on the processing and refinement of rare earth elements (REEs). The company is engaged in developing technologies for the beneficiation of mixed rare earth carbonate (MREC) products, with a market focus on enhancing the supply chain for rare earth elements, which are crucial for both defense and civilian technologies.

Average Trading Volume: 5,409,749

Technical Sentiment Signal: Buy

Current Market Cap: A$233.2M

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