Metallium's Louisiana Venture Targets Rare Metal Recovery with $10.1M Backing

AirdropHunterWang · 2025-12-26T05:24:23+00:00

Metallium Limited has partnered with ElementUSA to extract gallium and scandium from Louisiana's red mud deposits, supported by $10.1 million in funding. This initiative aims to commercialize critical mineral recovery, though market reaction was mixed.

AirdropHunterWang

2025-12-26 05:24:23

Abstract generation in progress

Metallium Limited (MTM.AX) has formalized a strategic partnership with ElementUSA through its U.S. subsidiary Flash Metals USA, establishing a collaboration framework focused on extracting gallium and scandium from red mud deposits in Louisiana. The formal Letter of Intent encompasses up to $10.1 million in non-dilutive capital to support the deployment of Metallium’s proprietary Flash Joule Heating technology, while also establishing commercial arrangements including licensing agreements, royalty structures, and profit-sharing mechanisms.

The initiative will underpin ElementUSA’s planned demonstration facility in Gramercy, Louisiana, marking a significant step toward commercializing gallium and other critical mineral recovery operations across North America.

Market response was mixed on Friday, with MTM.AX declining AUD 0.0750 (8.72%) to close at AUD 0.78 on the Australian Stock Exchange, suggesting investors are digesting the partnership’s full implications.

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