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Metallium Limited (ASX:MTM)

ALERT: Price-sensitive ASX Announcement for MTM
Current share price for MTM : $0.410 -0.13 (-24.07%)+
Announcement
Release
19 May 2026 8:12AM
Price at Release
$0.540
Full Release
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Summary
Metallium Limited has announced that its U.S.-based affiliate, Flash Metals Texas Inc., has been awarded a US$1 million Phase II Small Business Innovation Research (SBIR) contract with the U.S. Department of War through the Defense Logistics Agency. This award builds on the successful completion of Phase I, which demonstrated the capability of Metallium's Flash Joule Heating technology to recover gallium from electronic waste streams. The Phase II program aims to expand the extraction of both gallium and germanium, critical materials for defense and communications technologies, advancing the technology towards pilot-scale deployment. This initiative supports the development of domestic supply chains for these critical materials and aligns with U.S. national security priorities.
Key Points
  • Metallium Limited's U.S. affiliate awarded US$1M Phase II contract.
  • Contract with U.S. Department of War through Defense Logistics Agency.
  • Phase II follows successful completion of Phase I for gallium recovery.
  • Focus on extraction of gallium and germanium from waste streams.
  • Supports pilot-scale deployment of Flash Joule Heating technology.
  • Aims to create domestic supply chains for critical materials.
  • Aligns with U.S. national security and defense material priorities.
  • Activities centered at Texas Technology Campus.
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.