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8 stories mentioning ASX:MTMUpdated 26d ago

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Asia

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

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.

ASX:MTM
Asia

Metallium Enters 12-Month Agreement with Environmental Clean Technologies to Evaluate Flash Joule Heating for MXene Production

Metallium (ASX:MTM) entered into a 12-month research and development and engineering support services agreement with Environmental Clean Technologies (ASX:ECT) to evaluate Metallium's proprietary flash joule heating process for the production of ultrathin conductive material MXene, according to separate filings with the Australian bourse on Tuesday.The total cash consideration over the initial 12-month term is up to $1.4 million. Environmental Clean will also issue Metallium 20 million options, exercisable at AU$0.18 per share, and expiring 12 months from issue, subject to shareholder approval.Environmental Clean will conduct a research and development program at Metallium's Gator Point Technology Campus in Texas. Metallium will provide engineering support services, reactor access, and technical expertise.Environmental Clean will own the MXene product produced during the agreed research program, while Metallium will retain ownership of all existing and future intellectual property relating to its reactor systems, engineering improvements, process developments, and technology enhancements. Both firms also agreed to negotiate a potential longer-term commercial license and royalty agreement.

ASX:ECTASX:MTM
Asia

Metallium Appoints CFO

Metallium (ASX:MTM) appointed Tim Cooper as chief financial officer, effective Oct. 1, according to a Tuesday Australian bourse filing.Cooper will succeed Stuart Fraser, who has stepped down from the role effective Tuesday, the filing said.The group financial controller has assumed responsibility for the company's financial management during the transition, the filing added.

ASX:MTM
Asia

Metallium Metals Completes First Multi-Unit Flash Joule Heating Commissioning Campaign at Texas Facility; Shares Down 4%

Metallium (ASX:MTM) completed its first multi-unit flash joule heating (FJH) reactor hot commissioning campaign at its technology development facility in Texas, with three FJH units successfully operated simultaneously during a 12-hour campaign, according to a Tuesday Australian bourse filing.The company said 18 successful batches were completed and about 0.3 tonnes of inert material processed during the campaign, with operating throughput broadly consistent with processing reactor feed volumes derived from several tonnes per day of incoming commercial feedstocks following preprocessing and upgrading.The campaign achieved 83% availability and about 100% utilization during active operation of the three simultaneous units, providing confidence in the robustness and scalability of the FJH operating platform, it added.The company's shares fell past 4% in recent Tuesday trade.

ASX:MTM
Asia

Metallium Affiliate Awarded $1 Million US Department of War Contract

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.

ASX:MTM
Asia

Metallium Completes Continuous Flash Joule Heating Reactor Campaign in Texas

Metallium (ASX:MTM) completed a 12-hour continuous flash joule heating (FJH) reactor campaign at its Gator Point Technology Campus in Texas, validating reactor subsystems, automation architecture, and operating procedures ahead of planned parallel reactor deployment, according to a Tuesday filing with the Australian bourse.The campaign also confirmed the company's ability to process platinum and palladium-rich materials, the filing said.The company aims to transition to sustained multi-reactor deployment and broader throughput expansion activities from long-term single-reactor operations, per the filing.

ASX:MTM
Asia

Metallium Secures Contracts Covering Half of Stage One Throughput Target

Metallium (ASX:MTM) secured contracts covering 50% of its first-stage throughput target of 8,000 tonnes per year of printed circuit board feedstock for US operations, according to a Wednesday filing with the Australian bourse.The company is targeting a contracted base of roughly 70% of the first-stage target, while retaining about 30% exposure to spot market procurement, the filing said.Meanwhile, commissioning at the company's Texas Technology Campus is currently underway, per the filing.Metallium shares fell 1% in midday trade on Wednesday.

ASX:MTM
Asia

Metallium Secures Flash Joule Heating Recovery Pathways for Antimony, Platinum Group Metals Via Expanded Licensing Agreement; Shares Fall 4%

Metallium (ASX:MTM) said it strengthened its intellectual property portfolio during the March quarter via an expanded licensing agreement with Rice University, incorporating additional flash joule heating (FJH) applications, including recovery pathways for antimony and platinum group metals, as well as solar cell recycling, according to a Monday Australian bourse filing.The company completed over 40 FJH processing campaigns over the quarter across a range of feedstocks, including printed circuit boards and catalytic converter scrap, generating data and insights into system behavior, the filing said. Initial commercial-scale feedstock was delivered to site, it added.Metallium's shares fell past 4% in recent trading on Monday.

ASX:MTM

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