MTM Critical Metals (ASX:MTM) was among the market’s top gainers on Monday with its latest news of a rebrand: The stock is to change its name to “Metallium Ltd.”
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Unveiled in an investor presentation that shortly followed a $50 million placement, Metallium is being chosen as a name because, well, it sounds like a rare earth element.
Slide three of MTM’s Investor Presentation released Monday. (HotCopper)
What jumps out, in my view at least, is that while MTM Critical Metals first started gaining real traction after it reported extracting gold from e-waste at grades of over 500g/t equivalent – Metallium’s going to be bullish on Rare Earth Elements (REEs).
This may allow the company to extract sellable volumes of valuable tech metals from smaller amounts of ‘e-char’ feedstock, the company’s proprietary recycling tech uses, as opposed to the volumes that would be needed to become a serious seller of gold. (That’s my speculation, anyway.)
But as I’ve discussed before on the HotCopper Wire podcast, MTM also has the licence to the Flash Joule Heating (FJH) tech – and with early-stage modules being created, the tech itself becomes a second potential revenue stream.
To be sure, Metallium described itself in the rebrand as “a U.S.-led industrial tech company.” While not directly mentioned, given its exposure to the U.S. and the sometimes-vague ‘critical mineral’ thematic, a contrarian risk-on Trumpism is probably having an effect, too.
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