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Metallium Limited (ASX:MTM)

ALERT: Price-sensitive ASX Announcement for MTM
Current share price for MTM : $0.305 -0.59 (-65.92%)+
Announcement
Release
12 Feb 2026 9:52AM
Price at Release
$0.895
Full Release
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Summary
New Frontier Minerals Limited (NFM) has entered into a binding option and earn-in agreement with Metallium Limited to acquire a 90% interest in the Pomme Rare Earth Element (REE) and Niobium (Nb) project located in Quebec, Canada. The agreement involves staged earn-in terms, including an initial option fee of A$100,000 in cash and A$200,000 in NFM shares, with further investments and technical milestones over five years. The project, covering 2,400 hectares, aims to exploit the large, carbonatite-hosted REE-Nb deposits. NFM plans to apply advanced metallurgical test work using Metallium's proprietary Flash Joule Heating (FJH) technology to enhance project economics and develop a Western-aligned supply chain for rare earths, focusing on exploration and strategic partnerships to unlock the project's potential.
Key Points
  • Binding option and staged earn-in agreement to acquire 90% of the Pomme Project.
  • Metallium Limited partners with NFM for technology and processing support.
  • Initial investment includes A$100,000 cash and A$200,000 in shares.
  • Option includes minimum annual expenditures and a potential total of A$3.0 million over five years.
  • Advanced metallurgical testing using proprietary FJH technology.
  • Project located in Quebec, Canada, covering 2,400 hectares.
  • Strategic partnership to develop a Western-aligned rare earth supply chain.
  • Targeting high-grade rare earth mineralisation with further drilling and exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.