Metallium Upgrades to OTCQX, Boosts U.S. Access Without New Shares
Metallium Ltd, formerly MTM Critical Metals, has upgraded its U.S. listing to the OTCQX Best Market, enhancing investor access and aligning with its expanding U.S. operations including a new Texas commercial site.
- Upgraded from OTCQB to OTCQX, increasing U.S. investor visibility
- No new shares issued; uplisting is non-dilutive
- First U.S. commercial site secured in Texas
- Evaluating Level I ADR program to further ease U.S. investment
- Focus on low-carbon recovery of critical and precious metals via patented Flash Joule Heating
Strategic Uplisting to OTCQX
Metallium Ltd, previously known as MTM Critical Metals, has marked a significant milestone by commencing trading on the OTCQX Best Market in the United States. This upgrade from the OTCQB Venture Market is a strategic move designed to enhance the company's visibility and accessibility to both institutional and retail investors across North America. Importantly, this uplisting was achieved without any capital raising or issuance of new shares, preserving shareholder value.
Expanding U.S. Footprint with Texas Commercial Site
Central to Metallium's U.S.-focused strategy is the establishment of its first commercial site in Texas through its wholly owned subsidiary, Flash Metals USA Inc. This facility will leverage the company's patented Flash Joule Heating technology, a low-carbon, high-efficiency process for recovering critical and precious metals such as gallium, germanium, antimony, rare earth elements, and gold from mineral concentrates and waste streams. The Texas site represents a tangible step towards near-term production and revenue generation, positioning Metallium as a key player in the U.S. critical metals supply chain.
Enhancing U.S. Investor Accessibility
In addition to the uplisting, Metallium is evaluating the introduction of a sponsored Level I American Depositary Receipt (ADR) program. ADRs would allow U.S. investors to trade Metallium shares in U.S. dollars through familiar brokerage accounts, further simplifying investment and potentially broadening the shareholder base. This initiative would be non-dilutive and would not affect the company's primary listing on the Australian Securities Exchange.
Positioning Amidst Growing Institutional Interest
The uplisting coincides with a recent heavily oversubscribed $50 million institutional capital raise, which has increased institutional ownership to nearly 35%. This financial backing, combined with enhanced market access, is expected to support Metallium's ongoing strategic partnerships and commercialisation efforts. The company now joins a select group of ASX-listed peers on the OTCQX, including Boss Energy and Bannerman Energy, underscoring its growing stature in the critical metals sector.
Looking Ahead
Metallium’s focus on pioneering sustainable metal recovery technologies aligns well with global supply chain resilience priorities, particularly in the U.S. market. As the company advances its commercial operations and explores further U.S. capital market initiatives, investors will be watching closely for production milestones and the formal launch of the ADR program.
Bottom Line?
Metallium’s OTCQX uplisting and Texas expansion set the stage for deeper U.S. market integration and growth.
Questions in the middle?
- When will Metallium’s Texas facility begin commercial production and revenue generation?
- What are the specific timelines and terms for the potential Level I ADR program?
- How will Metallium’s Flash Joule Heating technology scale to meet growing critical metals demand?
