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Metallium Resumes Chlorinated Flash Joule Heating Testing at Texas Campus, Begins Receiving ECT Revenue

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Metallium (ASX:MTM) said a site footprint and permitting constraint at its Gator Point Technology Campus in Texas has been resolved, enabling chlorinated Flash Joule Heating (FJH) testing to recommence this week ahead of a planned 12-hour multi-reactor campaign in September, according to a Wednesday Australian bourse filing.

The company said it has received the first $500,000 payment from ECT under an engineering services and MXene development program, marking the commencement of revenue under the agreement, with the full amount expected to be received by the end of the week due solely to daily banking transfer limits.

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