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Metallium Ltd (ASX:MTM) has seen its shareholders take to the HotCopper forums on Tuesday mornings to discuss MTM’s trading halt, which teases the market it’s soon to announce a ‘U.S. partner’ who will also be funding the company’s metals-from-waste tech development goals.
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Metallium has been on a tear through most of CY25; previously called ‘MTM Critical Metals’ it’s been claiming that by using heating technology it can retrieve high grades of gold from e-waste, as well as critical metals from other types of digitally-oriented waste streams; and more recently, Metallium claimed its in-house tech also works on traditional rare earth ores (with materials delivered back in a chemical solution.)
While the absolute peak of what was hype around its darling status for HotCopper users may have subsided somewhat, the growing voice in the back of the head has long been that this company could end up, somehow, embedded in the vast critical metal supply chain, somehow, and most ideally in Trump’s pro-business jurisdiction.
The company may or may not be aware of that. At any rate, its Tuesday release spoke of a further announcement coming, regarding: “A material collaboration and associated funding arrangements with a United States partner relating to the Company’s critical-metals recovery technology.”
We’re meant to know by Thursday. (For those playing at home, halts last two days; but if a company issues a halt and is unable to deliver the relevant disclosure within two days, the company issues a voluntary suspension, which is often punished by shareholders unless the end result is particularly desirable.)
In the meantime, users pondered what the funding might be and who the U.S. partner is. Is it Washington? A major mining giant? What users were net really hoping for is a deal with the U.S. Government, which could, should that prove to be true, be the kind of catalyst that keeps Metallium on the retail radar heading into next year.
It could also be something to do with a U.S. division of Glencore, of course.
MTM last traded at 88cps.
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