Institutional investors back MTM with $50m to advance US critical metals aspirations

Proceeds from MTM Critical Metal’s $50m placement will advance its Flash Joule Heating demonstration plant in Texas.

Institutional investors have backed MTM’s plans to progress its transition into a US-centric industrial technology company. Pic: Getty Images

• MTM secures firm commitments from domestic and international investors for $50m placement

• Support endorses progress in becoming a US-centric clean technology company

• Funding will progress FJH demonstration plant, secure and prepare up to four US operational sites

Special Report: Investors have demonstrated their strong support for MTM Critical Metals’ US-centric clean tech strategy by backing a $50m placement at 55c per share.

Firm commitments have been received from high-conviction domestic and international investors for the two-tranche placement, which is at an 11% premium to the 20-day volume weighted average price.

This reflects growing institutional recognition of MTM Critical Metal’s (ASX:MTM) transition into an industrial technology company and confidence in the commercial potential of its proprietary Flash Joule Heating (FJH) platform for metal recovery and mineral processing.

MTM managing director Michael Walshe said the support from institutions was a clear endorsement of the company’s progress to date and its ambition to become a leading US-based clean technology platform.

“The addition of major institutions to our register sends a strong message: this is high-conviction capital backing a clear strategy with real momentum,” he added.

“With institutional alignment and capital in place, MTM is moving at speed to realise the commercial potential of FJH and build a scalable, first-mover platform in critical metals recovery. We’re not just proving the tech, we’re now building the business.

“With high-grade feedstock secured and commissioning underway, MTM is now positioned to deliver commercial output from US soil within 12 months.”

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Advancing operations

Proceeds from the placement will provide MTM with the funds to advance several objectives.

For starters, it will allow the company to commission its 1 tonne-per-day FJH demonstration plant in Texas that will prove the technology’s ability to recover gallium and germanium – minerals valued for their use in manufacturing semi-conductors – from e-waste.

MTM will also be able to secure and prepare up to four US operational sites for modular, build-own-operate metal recovery units as well as establish long-term feedstock procurement arrangements across high-grade e-waste, Ga/Ge refinery scrap and REE concentrates.

Additionally, the funding will enable the company to expand its internal technical, engineering and commercial teams while deepening engagement with US federal programs targeting critical minerals supply chain resilience.

The first tranche of the placement for $24m will be issued under the company’s remaining placement capacity under ASX listing rules 7.1 and 7.1A, while shareholder approval will be sought at a general meeting on or around August 7, 2025, for the second tranche of shares to raise the remaining $26m.

The company is also advancing its rebrand into Metallium to align with its US industrial technology positioning.

This article was developed in collaboration with MTM Critical Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Institutional investors back MTM with $50m to advance US critical metals aspirations