Metallium Ltd

Metallium Ltd is an Australian-based industrial technology company pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. The company operates through its wholly owned subsidiary Flash Metals USA Inc., with its first commercial hub established in Texas, USA, positioning it at the forefront of near-term production and revenue generation. 

Metallium's patented Flash Joule Heating (FJH) technology enables the extraction of high-value materials—including gallium, germanium, antimony, rare earth elements, and gold—from feedstocks such as refinery scrap, e-waste, and monazite. The company is listed on the ASX (MTM) and OTCQX (MTMCF), and has undergone a major transformation over the past 12 months to become a global industrial technology platform with a clear pathway to replicate nationally and internationally. 

Metallium's vision is to become the go-to technology solution for e-waste and challenging mineral processing opportunities globally by 2030, leveraging its modular, scalable, and environmentally superior processing technology.

Metallium offers a compelling investment opportunity with its breakthrough FJH technology that addresses the Western world's critical metals crunch while capturing value from the fastest-growing waste stream globally. The company has secured strategic commercial agreements with major partners including Glencore Recycling, Indium Corporation, and multiple U.S. recyclers, de-risking its feedstock supply chain. 

Technology validation milestones demonstrate FJH's transformational performance, including approximately 20× upgrade of raw Harts Range REE ore, 53× dysprosium enrichment, and successful extraction of tin and palladium from e-waste PCBs achieving 86% tin and 82% palladium recovery rates. The company's low-capital-intensity modular design requires significantly lower upfront investment versus alternatives, with negligible water consumption, no acid circuits or cyanide leaching, and minimal tailings generation. 

Positioned within U.S. strategic supply chain objectives and supported by a SBIR Phase-I contract with the U.S. Department of War for gallium recovery, Metallium is poised to capture market share in the $50+ billion critical metals processing market while delivering superior environmental outcomes.

Metallium Ltd is led by a seasoned management team with deep expertise across metals processing, technology commercialization, and corporate governance. At the helm is Michael Walshe, Managing Director & Chief Executive Officer, a chartered chemical engineer with over 15 years of international experience in engineering, operations, and technology commercialisation across minerals, chemicals, and energy sectors. His career includes a decade in senior leadership at Metso:Outotec, the global leader in mining and metals processing technology solutions, where he served as Director and Vice President for Asia Pacific Minerals. Walshe previously served as CEO of Voltaic Strategic Resources Ltd (ASX: VSR), a battery metals and rare earths exploration company.​

Steve Ragiel, President of Flash Metals USA (100%-owned subsidiary), brings more than 30 years of worldwide experience as a CEO and board-level executive in industrial services, environmental services, technology commercialization, renewable energy, and solid waste recycling. Ragiel has a proven track record of building teams, implementing business plans, constructing infrastructure, and creating significant shareholder value, with a strong network across the US industrial recycling industry.​

Dennis Wilkins serves as Company Secretary, providing over 20 years of commercial, strategic, and corporate governance services to international exchange-listed entities, with comprehensive knowledge of the Corporations Act and ASX Listing Rules.

Metallium is executing a comprehensive growth plan focused on commissioning its Texas facility to nameplate capacity while emphasizing operational excellence and global expansion. The company is moving through critical commissioning phases in 2025, targeting ramp-up to 16,000 tonnes per year inbound PCB processing capacity at Gator Point, Texas, with a global target of 50,000+ tonnes annually by 2030. 

Environmental stewardship is central to Metallium's strategy, with FJH delivering 84% lower GHG emissions and 87% reduced energy consumption compared to hydrometallurgy, while avoiding acid circuits and cyanide leaching. Through active engagement with recycling partners and government agencies, Metallium ensures its development plans meet rigorous environmental standards while securing non-dilutive funding through Department of Energy, Department of War, EXIM Bank, and DFC programs. 

A key advantage in Metallium's growth plan is its modular technology design, enabling rapid deployment across distributed sites with minimal permitting barriers. The company remains open to strategic partnerships, joint ventures, and licensing agreements to maximize technology value while managing capital intensity, positioning Metallium to become a leading global metals recovery platform.

As of 2025, Metallium Ltd is well-positioned financially, with a market capitalization of $539.72 million based on 627,586,193 shares outstanding, a strong asset base, and strategic focus on advancing its Texas commercial facility toward production. The company benefits from a low-capital-intensity business model requiring significantly lower upfront investment versus traditional hydrometallurgical alternatives, with modular units that enable rapid deployment and scalability. 

The initial Texas facility is designed to process 16,000 tonnes per year of PCB feedstock, with expansion potential to 50,000+ tonnes globally by 2030 targeting less than 1% market penetration of global PCB waste. Metallium's dual revenue model combines Build-Own-Operate margins from e-waste processing with Processing-as-a-Service licensing fees and production royalties from mineral processing partnerships, creating multiple high-margin revenue streams. 

The company has secured approximately 60 tonnes of mixed PCB feedstock for commissioning and is advancing toward binding multi-year supply contracts with major recyclers. While detailed financial projections remain preliminary and subject to market conditions, Metallium's asset-light deployment strategy, existing infrastructure, and strategic partnerships position it to generate near-term revenue while scaling globally with minimal capital intensity.

Metallium Ltd is positioned to become a major player in the global critical metals supply chain, with its patented Flash Joule Heating technology representing a breakthrough solution for e-waste and challenging mineral processing. With its first commercial hub operational in Texas, strategic partnerships spanning recycling and semiconductor sectors, and a clear pathway to 50,000+ tonnes annual processing capacity by 2030, Metallium offers a unique investment opportunity in the rapidly growing circular economy. 

The company's commitment to environmental excellence—delivering 87% energy reduction and 84% lower emissions versus incumbent technologies—positions it as a responsible operator aligned with national security objectives. As Metallium advances through key milestones ranging from Texas commissioning to global licensing agreements and potential NASDAQ uplisting, the company is well-positioned to deliver robust returns while capturing market share in the critical metals processing sector. 

For investors seeking exposure to a de-risked technology platform with significant growth potential and strategic importance, Metallium Ltd presents an attractive opportunity that combines breakthrough innovation with sustainable, low-impact operations.