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Metallium (ASX:MTM) has this week signed a new deal with international mining giant Glencore, which will now see the latter providing Metallium with e-scrap feedstock for Metallium’s own e-waste recycling ventures, with Metallium to see 2,400tpa on-site at its United States operations.
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For some Metallium shareholders on the HotCopper forums, this falls short of best-case outcomes. And perhaps for that reason, MTM shares have actually sold off on the news more or less out of the gate on Monday morning.
Still, Metallium sees the deal as a chance to scale up its in-house flash joule heating (FJH) technology, the principal asset behind the value prop that is e-waste recycling in the first place. Tech components contain everything from precious to critical metals (depending on source), and in a world where silver is priced what it is, interest is palpable.
(Worthy noting: What has long been the kickstarting catalyst that put MTM on the radar was it boasted it could receive very high gold grades from e-waste.)
“Glencore is one of the world’s largest recyclers of end-of-life electronics, and a major recycler of complex secondary copper, nickel, cobalt, gold, silver, platinum and palladium bearing feeds,” MTM clarified on Monday.
“This agreement provides a reliable, well-characterised and scalable source of PCB-rich scrap for the Company’s Technology Campus in Texas.” In this case, PCB here refers to printed circuit boards.
MTM last traded at 99cps today.
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