Rare earths explorer MTM Critical Minerals (ASX:MTM) has today added to its strong run from the last few months, recovering high-grade antimony that “far exceeds” typical mined ore – to the tune of around 3.1% – from U.S. e-waste.
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This garbage news (and that’s a good thing, mind you) highlights the “untapped value of complex e-waste streams,” the Oz company spruiked in a June 3 release.
In simple terms, MTM took relatively regular U.S. e-waste, like old telecom equipment and discarded server parts, and converted the antimony found there into water-soluble chloride. This could then be used to develop everything from semiconductors and batteries to munitions, flame retardants, and more.
Of note — atimony recovery, achieved using MTM’s proprietary Flash Joule Heating technology, clocked in at 98%; the recovered grade, 3.13% Sb, exceeded primary global antimony mine averages (often around 0.1% to 1%).
This is all particularly significant, MTM’s managing director, Michael Walshe, explained, because “the U.S. currently has no meaningful domestic antimony production.” These results suggest MTM could fill that gap.
“Combined with our recently secured, pre-permitted demonstration site in Texas, we are well-positioned to scale operations and advance commercial deployment.”
HotCopper users and the wider Oz market liked what they saw in the June 3 release: The explorer jumped as much as 12% at open on Tuesday, to 4.15cps. This comes after a slightly more humble 1.4% gain yesterday.
“The company is engaging with U.S. government agencies, including the DoD and DOE, regarding potential funding to support domestic critical metal recovery,” Mr Walshe told MTM shareholders today.
The discussions, which are still in the early stages and non-binding, “reflect strong interest in scalable U.S.-based refining technologies,” he added. “The strategic role of antimony in defence, particularly in armour-piercing alloys and flame-retardant systems, was a consistent theme during recent meetings.”
MTM shares are selling at more than 4.1 cents each this morning.
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