MTM Critical Metals raises $33mn for Texas metals recovery

MTM Critical Metals

Funding secured for a 2026 start

MTM Critical Metals raises $33mn for Texas metals recovery through an A$50mn placement. The pre-permitted site targets commercial operations in 2026. Institutional investors led by Petra Capital backed the raise. The plan strengthens a US critical minerals hub. MTM Critical Metals raises $33mn for Texas metals recovery to accelerate build-out.

Technology, feedstock and partnerships

The company will deploy Flash Joule Heating to recover high-value metals. The FJH process has recovered antimony and gallium from e-waste. Long-term agreements secure 1,100 t/yr of e-scrap feedstock. Dynamic Lifecycle will supply 700 t/yr for five years. MTM will rebrand as Metallium as construction advances.

MTM will allocate 40pc to site and infrastructure. It will direct 25pc to FJH system construction. Around 15pc will fund feedstock procurement. Remaining funds support working capital and commissioning. As a result, the project remains staged and capital efficient.

The firm seeks US government support to de-risk execution. Meanwhile, a new agreement covers mixed rare earth carbonate from Brazil. Meteoric Resources’ Caldeira project could feed future REE separation. The Texas site adds optionality beyond e-waste streams. This broadens revenue across antimony, gallium, and rare earths.

The Metalnomist Commentary

This raise advances midstream capacity where supply chains remain fragile. If feedstock ramps smoothly and FJH scales, Metallium could become a key US recycler for strategic metals.