Metallium Raises A$50M at A$0.55 to Launch First U.S. Flash Joule Heating Plant

A New Chapter in Metal Recovery

Metallium Ltd (ASX, MTM) is positioning itself at the forefront of a critical industrial transformation with its revolutionary Flash Joule Heating (FJH) technology. This patented process promises to recover strategic and precious metals from waste and ore more efficiently, economically, and sustainably than traditional smelting or chemical-intensive methods. The company’s recent A$50 million institutional capital raise underscores strong market confidence in its U.S.-led commercial rollout strategy.

At the heart of Metallium’s innovation is FJH, a technology developed at Rice University that uses rapid, high-efficiency electric pulses combined with proprietary chemistry to extract metals as saleable chlorides. This method avoids the environmental and economic costs associated with legacy pyrometallurgical and hydrometallurgical processes, offering a cleaner, faster, and more modular solution.

Strategic U.S. Expansion and Partnerships

Metallium’s first commercial plant is under construction at a pre-permitted site in the Houston Industrial Corridor, Texas, with commissioning targeted for late 2025 and initial revenue generation expected in early 2026. This facility will process high-value feedstocks such as semiconductor and electronics waste rich in gallium, germanium, indium, and gold, securing long-term supply agreements with leading U.S. recyclers for over 1,100 tonnes per year of e-scrap.

The company’s business model combines owning and operating processing facilities with strategic partnerships that include licensing and royalty arrangements. Notable collaborators include Vedanta, Indium Corporation, and Meteoric Resources, validating Metallium’s technology across diverse feedstocks and geographies. These alliances not only secure feedstock but also provide critical industry expertise and pathways to scale.

Robust Intellectual Property and Market Positioning

Metallium holds a strong intellectual property portfolio with over eight core patents protecting its FJH technology and associated chemical processes. This exclusivity positions the company uniquely in the market, with no direct commercial rivals offering comparable metal recovery solutions at scale. The technology’s ability to unlock domestic supplies of U.S. critical metals aligns closely with government priorities to onshore and secure strategic supply chains for defense, clean energy, and advanced manufacturing sectors.

Institutional investors have responded enthusiastically, with the capital raise heavily oversubscribed and supported by Tier-1 domestic and international funds. The proceeds will be primarily directed towards commercial plant build-out, technology optimization, and working capital, ensuring Metallium is well-capitalized to execute its ambitious national rollout plan across multiple U.S. states including Louisiana, Florida, Nevada, Ohio, and Virginia.

Looking Ahead, Scaling and Innovation

Beyond the initial Texas facility, Metallium is developing a national footprint with a mix of fixed and modular processing units designed for rapid deployment near key feedstock sources. The company is also advancing R&D efforts at its U.S. Technology Campus to continually refine and expand its technology applications, including potential recovery of rare earth elements, lithium, antimony, and by-products like green cement additives from refinery waste.

With strong government interest from the U.S. Department of Energy and Department of Defense, Metallium is well-placed to benefit from strategic funding and procurement initiatives. The company’s upcoming U.S.-based advisory board, comprising defense and industrial supply chain veterans, will further support its commercial and policy engagement as it transitions from pilot to full-scale production.