Metallium Ltd

What Metallium Ltd does

Metallium Ltd (ASX: MTM; OTCQX: MTLMY) is an Australian-listed critical minerals company commercializing proprietary Flash Joule Heating (FJH) technology for metal recovery from electronic waste, mineral ores, black mass (recycled batteries), Bauxite Residue (Red Mud), and Coal Fly Ash. The company holds an exclusive global license from Rice University to commercialize FJH—an electrothermal process that applies millisecond electrical pulses at temperatures exceeding 3,000°C to transform metal compounds, enabling extraction of refractory and critical metals while consuming 60–95% less energy than conventional smelting or hydrometallurgical processing and eliminating chemical solvents. Metallium generates revenue through three streams: (1) direct sale of recovered metals (gold, silver, copper, tin, palladium, gallium, germanium, indium) under long-term offtake contracts, anchored by a 10-year agreement with Indium Corporation and a binding MOU with Glencore covering up to 75% of recycled metal output; (2) technology licensing and per-tonne processing royalties plus 2–3% revenue share (ElementUSA at Gramercy, Louisiana; Ucore Rare Metals at the Alexandria refinery); and (3) non-dilutive U.S. government R&D contracts via Department of War SBIR awards. Primary commercial operations are at the Gator Point Technology Campus in Chambers County, Texas, targeting 8,000 tonnes per annum in Stage 1 and over 25,000 tpa by 2027–2028. The company's customer base spans U.S. defense agencies, commodity trading houses, critical metals buyers, and mining/recycling partners, with secondary exploration projects in Western Australia (Pyramid Mountain) and Quebec (Pomme REE, via New Frontier Minerals option agreement).

Name

Metallium Ltd

Legal name

Metallium Ltd

Website

https://mtmcriticalmetals.com.au

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Metallium Ltd commercializes proprietary Flash Joule Heating technology, licensed from Rice University, to recover critical and precious metals from e-waste and industrial feedstocks. The ASX-listed company serves U.S. defense agencies, commodity traders, and metals buyers through its Texas processing facility and licensing partnerships.

Ownership category

akta.pro rank

Product category

Critical Metals Recovery

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Nonferrous Metal (except Aluminum) Production and Processing (3314), Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

E-Waste & Electronics Metal Recovery (ITAD, Circuit Boards, Precious Metal Recovery) (IMAKAMAG)

akta.pro secondary industries

Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD), Metal Melting & Secondary Smelting/Refining (Recycled Feedstock Producers) (EUAIAJAJ), Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF)

Keywords

• Critical metals recovery
• E-waste recycling
• Rare earth processing
• Flash joule heating
• Metal refining technology

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Metal Recovery and Sale: Metallium processes e-waste and mineral feedstock through its FJH facilities and sells the recovered metals (gold, silver, copper, tin, palladium, gallium, germanium, indium) to customers. Revenue is derived from the sale of refined metals at market-linked prices, with contracted floor pricing providing downside protection. Projected net profit per tonne processed reaches $5,159 from the Glencore feedstock stream.
2. Technology Licensing and Royalties: Metallium licenses its FJH technology to third parties, generating per-tonne processing royalties and a 2–3% revenue share on metal sales. The partnership with ElementUSA exemplifies this model, deploying FJH at the Gramercy alumina refinery in Louisiana for gallium and scandium recovery.
3. Government R&D Contracts: The company receives non-dilutive SBIR funding from the U.S. Department of War/DLA for Phase I ($100,000) and Phase II ($1 million) contracts to develop gallium and germanium recovery from electronic waste. Phase III follow-on funding is anticipated for expanded deployment.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Metallium Ltd commercializes the proprietary Flash Joule Heating (FJH) technology, licensed globally from Rice University, to recover critical metals (gallium, germanium, indium) and precious/base metals (gold, silver, copper, tin, palladium) from electronic waste, black mass, Bauxite Residue (Red Mud), Coal Fly Ash, and mineral ores. The company operates the Gator Point Technology Campus in Chambers County, Texas as its primary commercial metal recovery facility and licenses its FJH technology to third parties for processing royalties and revenue sharing.

Product overview

Metallium Ltd offers a proprietary Flash Joule Heating (FJH) technology platform licensed globally from Rice University for recovering metals from various feedstocks including e-waste, black mass, Bauxite Residue (Red Mud), Coal Fly Ash, and ores. The company's commercial operations are centered at its Gator Point Technology Campus in Texas, which deploys the FJH platform to recover critical and precious metals (gold, copper, silver, tin, gallium, germanium, indium) from electronic waste streams. The technology enables millisecond thermal processing at temperatures exceeding 3,000 degrees Celsius, offering 60-95% less energy consumption than traditional mining and eliminating chemical solvent requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Flash Joule Heating (FJH) Technology Platform Proprietary electrothermal process technology that applies ultrafast electrical pulses to generate intense heat exceeding 3,000 degrees Celsius within materials in milliseconds, transforming metal compounds to make refractory and critical metals amenable to extraction. The process eliminates chemical solvent requirements and consumes 60-95% less energy than primary mining or conventional smelting and hydrometallurgical processing. Licensed to third parties for per-tonne processing royalties and a 2-3% revenue share on metal sales.
• Recovered Critical and Precious Metals Refined metals recovered from electronic waste and industrial waste feedstock streams at the Gator Point Technology Campus in Texas, including gold, silver, copper, tin, palladium, gallium, germanium, and indium. Sold to industrial offtake partners under long-term binding agreements at market-linked prices with floor pricing protection.

Quantifiable outcome

• 60–95% less energy consumption compared to primary mining or conventional metal recovery processes
• +8 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and strategic.

• Indium CorporationcoreStrategic or Co-development Partner · 31 March 2026Metallium entered a 10-year supply agreement with Indium Corporation covering recovery and distribution of gallium, germanium, indium, copper, tin, and gold from Metallium's U.S. e-waste recycling operations at the Gator Point Technology Campus in Texas. The agreement has an initial 10-year term with automatic renewal periods and incorporates market-linked pricing mechanisms providing revenue visibility, while addressing critical metals supply chain vulnerabilities driven by geographic concentration of production.
• New Frontier MineralsstrategicTechnology or Integration · 12 February 2026New Frontier Minerals entered a binding option agreement to acquire a 90% interest in the Pomme Rare Earth Elements Project from Metallium, located approximately 310 miles northwest of Montreal in Quebec. The project consists of 43 mineral claims covering approximately nine square miles, with historical drilling confirming a carbonatite-hosted REE system exceeding 2km open at depth. Metallium retains a role as processing and technology partner using its FJH technology, with Canadian government support and existing arrangements with local Cree First Nations already in place.
• ElementUSAstrategicStrategic or Co-development Partner · 12 December 2025Metallium entered a strategic partnership with ElementUSA to deploy FJH technology for recovering gallium and scandium from industrial waste at the Gramercy alumina refinery in Louisiana. The partnership includes up to $10.1 million in non-dilutive funding across two phases and access to over 30 million tonnes of red mud feedstock. Revenue streams include technology licence fees, per-tonne processing royalties, and a 2–3% revenue share on metal sales. FJH will initially be deployed at Metallium's Anahuac, Texas facility before scaling to the Louisiana site.
• GlencorecoreStrategic or Co-development Partner · 2 October 2025Metallium and Glencore entered into a strategic MOU establishing a partnership for e-waste recycling, with Glencore committing to supply electronic scrap feedstock to Metallium's Texas facility and purchase up to 75% of Metallium's recycled metal products. The partnership secures both input supply and output markets for the FJH technology, with a binding agreement targeted by December 31, 2025. Glencore's global recycling footprint opens potential for broader international collaboration.
• Ucore Rare MetalsstrategicTechnology or Integration · 16 September 2025Ucore Rare Metals signed a strategic technology collaboration agreement with Metallium to integrate FJH with Ucore's RapidSX separation platform for rare earth refining at Ucore's U.S. government-backed refinery in Alexandria, Louisiana. The 12-month binding agreement includes staged bench-scale testing and pilot operations at Ucore's Commercial Demonstration Plant in Kingston, Ontario, expanding feedstock sources to include magnet scrap, e-waste, and lighting waste alongside conventional REE concentrates. Each party retains technology rights with no commercial fees currently involved.
• Rice UniversitycoreTechnology or Integration · 25 August 2025Metallium is expanding its research collaboration with Rice University to develop FJH technology for individually separating rare earth elements and reducing or eliminating reliance on conventional solvent extraction processes. The collaboration aims to provide a more efficient alternative to China's dominant REE processing, with potential for near-term revenue from partnerships and long-term leadership in Western-aligned REE refining.

Scale indicators22 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Umicore: Belgian materials technology group with one of the world's largest precious and specialty metals recycling operations, processing e-waste, automotive catalysts and industrial residues. Closely comparable to Metallium's FJH-based recovery of critical and precious metals from e-waste.
• Aurubis: European copper smelter and multi-metal recycler that recovers precious and specialty metals from complex feedstocks including e-scrap. Comparable to Metallium as a nonferrous metal refiner-recycler addressing Western supply security for critical metals.
• Boliden: Swedish metals producer operating integrated smelters and electronics recycling facilities, recovering copper, gold, silver and precious metals from e-waste. Directly comparable end-market and feedstock base to Metallium's operations.
• Dowa Holdings: Japanese nonferrous metals and e-waste recycler with significant printed circuit board and precious metal recovery operations. Comparable as a scaled Asian-headquartered competitor in e-scrap metal recovery.

Emerging players

• Li-Cycle: Canada-based battery recycling company focused on black mass processing for critical battery materials (lithium, nickel, cobalt). Comparable as an emerging critical-metals recycler where Metallium's FJH platform is positioned to enter the black mass value chain.
• Redwood Materials: US-based battery recycling and critical materials company founded by JB Straubel, focused on end-of-life lithium-ion batteries and e-waste. Comparable as a Western-aligned emerging recycler addressing similar supply-chain security themes.
• MP Materials: US rare earth mining and processing company operating Mountain Pass and pursuing downstream REE separation/refining. Comparable as a Western-aligned critical minerals processor positioned to benefit from policy responses to Chinese REE export controls.
• Energy Fuels: US critical minerals and rare earth processor pursuing Western-aligned REE and uranium production. Comparable as a North American critical minerals company addressing the same Western supply-chain security thesis that drives Metallium's demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metallium Ltd