MTM Critical Metals announces positive advances in metal recovery and commercial opportunities

MTM Critical Metals Limited (ASX: $MTM) has reported positive advances in metal recovery test work and the identification of significant new commercial opportunities. The company has successfully completed prototype testing trials on Critical Metal recovery from coal fly ash (CFA) with highly encouraging results. Test work is also underway on e-waste, bauxite residue, and upcoming testing scheduled on MTM's Pomme & East Laverton Rare Earth Elements (REEs) samples and Lithium (spodumene concentrate). MTM aims to significantly alter the landscape of critical metals extraction and processing.

Executive commentary on MTM's progress and future outlook

MTM's Chairman, Mr John Hannaford, expressed the company's revolutionary approach to metal recovery, achieving strategic advancements in waste-to-metal recovery trials. The company aims to address industry challenges and deliver substantial benefits, particularly in Lithium and REE extraction, and other mineral processing applications. The Flash Joule Heating (FJH) technology's potential applications are expected to lead to savings in energy, water, reagent usage, carbon emissions, and cost. MTM is actively pursuing grant applications in the US to provide additional funding for its research and development initiatives.

Summary of MTM's progress and future plans

MTM Critical Metals has made significant progress in the application and commercialisation of the FJH technology, with successful testing and identification of new commercial opportunities. The company aims to expand its testing program to include lithium and REE ores, in addition to ongoing tests on various waste streams. MTM's dual strategy for commercialisation focuses on metals recovery from waste streams and enhancing mineral processing circuits. The company is also pursuing strategic partnerships, grant funding, and market expansion to leverage the transformative potential of FJH technology. By pursuing these next steps, MTM aims to cement its position as a leader in sustainable and cost-effective metal recovery and mineral processing.