MTM Crit Metals now Metallium Ltd – leading with REEs, not gold

MTM Critical Metals (ASX:MTM) was among the market’s top gainers on Monday with its latest news of a rebrand: The stock is to change its name to “Metallium Ltd.”

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Unveiled in an investor presentation that shortly followed a $50 million placement, Metallium is being chosen as a name because, well, it sounds like a rare earth element.

What jumps out, in my view at least, is that while MTM Critical Metals first started gaining real traction after it reported extracting gold from e-waste at grades of over 500g/t equivalent – Metallium’s going to be bullish on Rare Earth Elements (REEs).

This may allow the company to extract sellable volumes of valuable tech metals from smaller amounts of ‘e-char’ feedstock, the company’s proprietary recycling tech uses, as opposed to the volumes that would be needed to become a serious seller of gold. (That’s my speculation, anyway.)

But as I’ve discussed before on the HotCopper Wire podcast, MTM also has the licence to the Flash Joule Heating (FJH) tech – and with early-stage modules being created, the tech itself becomes a second potential revenue stream.

To be sure, Metallium described itself in the rebrand as “a U.S.-led industrial tech company.” While not directly mentioned, given its exposure to the U.S. and the sometimes-vague ‘critical mineral’ thematic, a contrarian risk-on Trumpism is probably having an effect, too.

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What is clear is that the market liked the news: MTM jumped around +8% intraday on Monday, bringing 1Y returns to nearly +1,500% at just over 60cps.

MTM last traded at 62cps.

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