MTM Critical Metals Limited (ASX:MTM) has signed a Memorandum of Understanding (MOU) with Murdoch University to investigate research and collaboration opportunities for the use of Flash Joule Heating technology that was recently licensed to MTM by Rice University.
MTM Chairman, Mr John Hannaford said: “MTM is delighted to be partnering with Murdoch University to explore research in relation to FJH technology. Murdoch’s expertise in metallurgy and mining, through its Centre for Water, Energy and Waste is highly complementary to the work done by Rice University on the extraction of Rare Earth Elements (REE) and other metals using FJH technology.
“This is a significant endorsement of the potential of FJH technology across REE and critical minerals sectors. Western Australia has not only a world leading mining industry but also large stockpiles of materials categorised as waste, which represent an opportunity for value addition with the right technology.
Murdoch University is well positioned as our research partner in these technologies as they apply to bulk waste streams in Australia and globally.”
Based in Perth, Western Australia, Murdoch University is renowned for its metallurgy and mining programs, particularly on sustainable mining practices. MTM and Murdoch will examine ways to use FJH technology to develop new research in mineral extraction and processing to enhance the recovery of metals and minerals and the production of high-purity metals and metal compounds.
MTM also intends to leverage the expertise at Murdoch and Rice to research and commercialise FJH technology. MTM and Murdoch will aim to establish research programs and infrastructure at Murdoch for testing mineral waste streams and developing new mineral processing solutions for primary ores.
MTM was trading almost 5% down at 4.2 cents.