MTM Critical Metals Ltd (ASX: MTM) has secured A$50m in funding through an oversubscribed institutional placement at A$0.55 per share.
The raise was anchored by a top-tier Australian institution and attracted strong demand from long-only and Tier-1 international funds, demonstrating growing investor confidence in MTM’s strategic shift toward US-based industrial clean technology.
The placement, managed by Petra Capital as Sole Lead Manager and Bookrunner, will be executed in two tranches, with the first (A$24M) settling in early July under existing placement capacity. The second tranche (A$26M) is subject to shareholder approval at a general meeting in August.
Proceeds will be used to accelerate the commercial deployment of MTM’s proprietary Flash Joule Heating (FJH) platform, an advanced electrothermal technology developed at Rice University in Texas. The technology enables low-cost, sustainable recovery of critical metals such as lithium, rare earths, and gallium from electronic waste, scrap, and concentrates.
The placement positions MTM to shift from technical validation to commercial execution, with a goal of generating first commercial output from its US operations within 12 months. In line with this strategic evolution, the company plans to rebrand as Metallium Ltd, reflecting its identity as a US centric clean tech business focused on scalable metals recovery.
For more information, visit www.mtmcriticalmetals.com.au
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