MTM Critical Metals (ASX:MTM) progress update on flash joule heating demonstration plant

MTM Critical Metals Limited (ASX:MTM) is making significant progress with the design and implementation of its 1 ton per day (TPD) Flash Joule Heating (FJH) demonstration plant. The detailed mechanical and process design work is currently underway, with the design on track for completion by the end of 4Q 2024. The company aims to start sourcing and construction in 1Q 2025, targeting commercial operation by 2Q 2025. The ultimate goal of the FJH technology commercialization is to produce critical metals with lower carbon emissions, reduced energy consumption, and lower costs. MTM is also actively pursuing strategic partnerships and non-dilutive funding while making significant progress with the development and testing of the technology.

MTM CEO, Michael Walshe, on the significance of the demonstration plant

MTM Chief Executive Officer, Michael Walshe, emphasized the progress made on the demonstration plant as a significant step forward in the commercialization pathway for the FJH technology. He highlighted the strong interest from strategic partners and governmental agencies, underscoring the critical need for reliable strategic metal supplies and the adoption of innovative, efficient, and environmentally sustainable solutions. Walshe expressed the company's commitment to driving the project forward on schedule and excitement about the transformative potential it holds for the industry and shareholders.

Progress update and outlook for MTM Critical Metals

MTM Critical Metals (ASX:MTM) is making substantial progress with the design and implementation of its 1 ton per day Flash Joule Heating (FJH) demonstration plant. The company aims to showcase the scalability and commercial potential of the FJH technology, with the facility capable of processing various feedstocks and attracting strong interest from potential partners. The timeline for the project remains on track, with procurement and fabrication of the 1TPD unit slated for early 2025 and commercial operations expected by the end of Q2 2025. MTM will continue its active engagement with potential strategic partners and international collaborators while exploring additional funding avenues to accelerate the commercialization of this transformative technology. The company's ambitions include producing critical metals with lower carbon emissions, reduced energy consumption, and lower costs, offering an innovative, efficient, and environmentally sustainable solution for metal extraction and mineral processing.