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Metallium (ASX:MTM) has this week obtained exclusive lease options for sites in Westport, Massachusetts, and Harrisonburg, Virginia, as it looks to extend State-side operations and lock down more e-waste processing sectors.
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These new Metallium-owned sites come fully permitted for industrial waste and e-waste processing, meaning the company can get to work right away.
(If permits were still needed, it could have delayed things by several years.)
The sites also come pre-equipped with rail sidings, concrete pads, and warehouses.
It was a fairly cheap pickup for the company, too: Metallium secured both sites for US$20,000 with 12-month rights of first refusal. Metallium now holds options to execute 15-year subleases, HotCopper understands.
“Texas remains our clear priority,” Metallium’s managing director, Michael Walshe, said, referring to the waste company’s Texas tech campus, “but these option agreements show we can replicate that model by accessing pre-permitted, infrastructure-ready sites at minimal upfront costs.”
With all this on hand at the Mid-City Scrap (Westport) and Recycle Management (Massachusetts) sites, Metallium – once called MTM Critical Metals – now expects to process up to 20,000 tonnes of metal waste a month.
“This growing multi-state footprint positions Metallium to scale quickly as partnerships and feedstock volumes develop, while supporting our engagement with U.S. gov’t agencies and the pursuit of funding,” Mr Walsh said.
The Harrisonburg site will be one to watch quite closely, considering it’s based close to the North Virginia corridor; the world’s largest data centre hub.
So too Metallium’s whole vision in general – flash joule heating, the central focus for the U.S.-focused Oz company, is still being proven on a large scale. The process applies high-voltage electrical pulses to e-waste materials, rapidly heating them and separating the metals without chemical leaching or smelting.
MTM opened Thursday trade at 62.5cps, before dropping around -12.59%.
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