Company Interview / MTM sparks US debut

MTM Critical Metals (ASX:MTM) has launched on the US OTC marketFocus on commercialising flash Joule heating technology for metal recovery from high-value waste streamsActive collaborations with Vedanta and other industry players to extract metals and develop green cement additivesCompleted a $50 million institutional capital raise, strengthening financial position and US expansion ambitions

MTM Critical Metals (ASX:MTM) has commenced trading on the OTC market in the US, marking an important milestone as the company pivots towards a technology-driven future. Michael Walshe states that their core focus has shifted from traditional mineral exploration to metal recovery technology, underpinned by their proprietary flash Joule heating process. This innovative technology, acquired over a year ago, uses ultrafast electrical heating and catalysts to vaporise and separate valuable metals such as gold, copper, gallium, germanium, niobium, and antimony from electronic waste and refinery by-products, aiming to offer lower capital and operating expenditure compared to traditional methods.

Walshe outlines that MTM has secured non-binding supply agreements for electronic waste and gallium-germanium feedstocks, with hopes to transition these into binding contracts. Collaborations are underway with major names like Vedanta, targeting solutions for red mud tailings and green cement additives. The company is also engaged with rare earth mining and chemical firms, noting that inbound industry interest has surged following recent market announcements.

MTM is intensifying its United States focus due to increased support under the Trump administration for domestic critical metals supply chains. Following a successful $50 million capital raise, institutional ownership now stands above 35%. Walshe states they remain committed to expanding their presence in US capital markets and reaching profitability by early next year.