https://x.com/MTMCriticalMet/status/187253245408881074911:44PM Friday, December 27th, 2024
Resources Top 5: Japan’s Sumitomo wades deeper intocritical minerals mission
Josh Chiat
(Up on no news)
MTM shares hit a fresh high of 24c on Friday, hitting a 160% year to date for the $92 million capped junior which has surged since it began promoting a minerals processing technology called flash joule heating.
Developed at Rice University in Houston, Texas, the technology is being assessed for its capacity to extract critical minerals from waste including lithium ion batteries, ewaste, coal fly ash and bauxite revenue.
But interest has really spiked since a MoU with New York-listed Indium Corporation in November, that would see it use the tech to process gallium, indium and germanium from scrap.
The announcement dovetailed almost perfectly with an announcement from China it would halt (already largely absent) exports of semiconductor metal gallium and solar panel component germanium to the United States.
The big end of town piled in this week, with Pengana Capital Group cornerstoning a $7.5 million, nil-discount raising to instos with a $4m investment.
Jeremy Bond's Terra Capital also upped its substantial stake in the equity deal.
https://x.com/MTMCriticalMet/status/187253245408881074911:44PM...
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Last
60.5¢ |
Change
-0.040(6.20%) |
Mkt cap ! $279.4M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 63.5¢ | 59.8¢ | $2.514M | 4.104M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17124 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 200000 | 1 |
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| MTM (ASX) Chart |