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Metallium Limited (ASX:MTM)

ALERT: Price-sensitive ASX Announcement for MTM
Current share price for MTM : $0.360 -0.2 (-35.71%)+
Announcement
Release
6 May 2026 8:34AM
Price at Release
$0.560
Full Release
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Summary
Metallium Limited has achieved a significant milestone by securing binding contracts for 50% of its Stage-1 throughput target for printed circuit board (PCB) feedstock for its U.S. operations. This development expands upon their existing agreement with Glencore and involves additional contracts with other confidential industry participants. This strategic approach to feedstock procurement aims to balance supply security with commercial optimization, supporting operations at Metallium's Texas Technology Campus. The company's strategy includes targeting approximately 70% of their Stage 1 target through contracted agreements, with the remaining 30% sourced from the spot market. This milestone marks a transition into sustained commissioning and early-stage operations as Metallium continues to build a diversified supply base and optimize commercial outcomes as operations scale.
Key Points
  • Secured 50% of Stage-1 PCB feedstock target
  • Expanded supply agreement with Glencore
  • Additional agreements with confidential industry participants
  • Targeting 70% contracted coverage for feedstock
  • Retaining 30% exposure to spot market procurement
  • Supports operations at Texas Technology Campus
  • Transition into sustained commissioning and early-stage operations
  • Strategic approach to balance supply security and commercial optimization
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.