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Metallium Limited (ASX:MTM)

ALERT: Price-sensitive ASX Announcement for MTM
Current share price for MTM : $0.360 -0.165 (-31.43%)+
Announcement
Release
16 Jun 2026 8:24AM
Price at Release
$0.525
Full Release
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Summary
Metallium Limited successfully completed its first multi-unit Flash Joule Heating (FJH) operations campaign at its technology development facility in Texas, marking a significant milestone towards commercial deployment. During this 12-hour campaign, three FJH units operated simultaneously, achieving 83% availability and near 100% utilisation, while processing approximately 0.3 tonnes of inert material. The campaign exceeded internal expectations and provided valuable data to support future scale-up efforts. Notably, the operations were completed without any safety incidents. The next phase involves pursuing a chlorination permit for advanced metal recovery testing.
Key Points
  • Successful completion of the first multi-unit Flash Joule Heating (FJH) campaign at Texas facility.
  • Three FJH units operated simultaneously for a 12-hour period.
  • Achieved 83% availability and near 100% utilisation, exceeding expectations.
  • Processed approximately 0.3 tonnes of inert material across 18 batches.
  • The campaign provided critical data for future scale-up activities.
  • No safety incidents or lost-time injuries during the campaign.
  • Next development phase includes chlorination and metal recovery testing.
  • A chlorination permit is being pursued for further testing.
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.