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Metallium Affiliate Awarded $1 Million US Department of War Contract

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Metallium's (ASX:MTM) US-based affiliate, Flash Metals Texas, won a $1 million phase two small business innovation research contract through the US Department of War's Defense Logistics Agency, according to a Tuesday filing with the Australian bourse.

The funding will support pilot-scale development and scale-up of the Flash Joule Heating electrothermal chlorination technology, with phase two focusing on the extraction of defense-critical material gallium and germanium from electronic waste streams, per the filing.

Work on the 12-month project will be performed at Metallium's Gator Point Technology Campus in Texas.

Phase one of the project achieved or exceeded all of its technical milestones and was delivered in roughly half the standard timeframe, the company said.

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