Metallium Raises A$75M at A$0.84 per Share to Boost U.S. Operations

Strategic Capital Raise Boosts U.S. Expansion

Metallium Limited, an emerging player in critical metals processing, has successfully completed a A$75 million capital raising, anchored by U.S.-based institutional investors. Priced at A$0.84 per share, the raise reflects a modest discount to recent trading levels but underscores strong confidence in Metallium’s U.S.-focused growth strategy.

The fresh capital will underpin the company’s transition from development to commercial operations at its Gator Point Technology Campus in Texas. This facility is central to Metallium’s ambitions to scale up production of critical and precious metals using its proprietary Flash Joule Heating (FJH) technology, which promises a low-carbon, efficient extraction process from complex feedstocks such as e-waste and refinery scrap.

U.S. Institutional Interest Reflects Strategic Alignment

The capital raising attracted investors with dedicated mandates in critical minerals, recycling technologies, and domestic supply chain infrastructure, reflecting broader U.S. policy priorities around industrial onshoring and supply security. Metallium’s recent milestones, including a long-term e-scrap supply agreement with Glencore and the commencement of commissioning activities in Texas, have clearly resonated with these investors.

Moreover, Metallium’s American Depositary Receipts (ADRs) began trading on the OTCQX earlier this month, providing U.S. investors direct exposure ahead of the company’s planned NASDAQ listing in the third quarter of 2026. This move is expected to further elevate Metallium’s profile and access to capital markets.

Technology and Market Positioning

Metallium’s FJH technology is gaining traction beyond Texas, with selection to support ElementUSA’s demonstration facility in Louisiana targeting recovery of gallium, scandium, and other critical metals from red mud; a challenging feedstock sourced from the only operating alumina refinery of its kind in the U.S. Additional proof-of-concept testing is underway with multiple prospective customers, signaling a pipeline of commercial opportunities.

Managing Director Michael Walshe highlighted the significance of the capital raise in accelerating Metallium’s commercial execution and scaling operations. The company’s alignment with U.S. strategic supply chain objectives positions it well to benefit from increasing demand for critical metals processing solutions.

Looking Ahead

With the capital injection secured, Metallium is poised to advance commissioning, expand processing capacity, and grow its workforce. The company’s focus on securing feedstock supply and refining its technology platform will be critical as it moves toward broader commercialisation and the anticipated NASDAQ listing, which could open new avenues for growth and investor engagement.