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The latest update is out from Mt Monger Resources Ltd. ( (AU:MTM) ).
MTM Critical Metals Ltd has secured a strategic, pre-permitted 5-hectare industrial site in Chambers County, Texas, to host its first U.S. Flash Joule Heating (FJH) metal recovery plant. This site, located in a key industrial corridor, provides MTM with efficient logistics and access to suppliers and customers, enabling the company to stay on track for commissioning the FJH demonstration plant by the end of 2025. The existing infrastructure minimizes upfront capital expenditure and accelerates the deployment timeline, while the site’s scale allows for future expansion and research and development activities. The facility will focus on recovering critical metals from industrial waste and electronic scrap, supported by long-term feedstock agreements, which align with MTM’s strategy to onshore metal processing capabilities and strengthen domestic supply chains.
More about Mt Monger Resources Ltd.
MTM Critical Metals Ltd is a company engaged in the recovery of high-value critical metals such as gallium, germanium, indium, and gold from industrial waste and electronic scrap. The company focuses on transforming waste into valuable products, reducing reliance on traditional mining, and reinforcing domestic supply chains for critical materials in the United States.
Average Trading Volume: 4,969,111
Technical Sentiment Signal: Buy
Current Market Cap: A$117M
See more insights into MTM stock on TipRanks’ Stock Analysis page.