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Metallium Ltd (ASX:MTM), formerly MTM Critical Metals, has found a new upswing of momentum on the news that its patented flash joule heating (FJH) tech for recovering critmins from e-waste can also be used to recover rare earth elements (REEs) from “magnet waste.”
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If you ignore the fact those magnets are made out of rare earths anyway (neodymium magnets are available online as children’s toys, given their highly attractive properties), it’s another promising sign from MTM for its FJH process, which can also recover gold using the same process from different feedstock.
(That was the original catalyst that put MTM Critical Metals on the map ā over the last twelve months, it’s staged a staggering +1400% gain.)
Still, it’s worth noting the company is reporting these testwork results on discarded neodymium magnets in the first place, so it’s perhaps better to think of the result as evidence FJH can be used to break down magnets.
Still, with defence manufacturing initiatives to roll on for the next ten years and with renewable energy tech still required (rare earths are needed in fighter jets and wind turbines with equal measure), Metallium’s value prop here is obviously not without merit.
Especially because the company noted on Wednesday that, all cards in order, it can take magnet waste that would otherwise be “exported to China” ā suggesting for MTM, at least, it mightn’t need to worry about the hard work of digging anything out of the ground.
“[This] confirms what we see as the future of critical-metals processing: cleaner, faster, and vastly more efficient. The ability to recover rare earths from magnet waste at scale, with higher yields, lower costs, and zero acid or wastewater, represents a paradigm shift for global supply chains,” MTM CEO Michael Walshe said.
MTM last traded at $1.28/sh.
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