Metallium has raised AU$75 million to advance its U.S. operations and commercialisation.
The company issued 89,285,714 new shares at 84 cents per share. The capital raising was cornerstone-led by U.S. investors with mandates focused on critical minerals, recycling technologies and domestic processing capacity.
Metallium plans to use the funds raised to expand its processing capacity, secure feedstock supply, and to continue the development and deployment of its Flash Joule Heating technology.
The funding supports near-term execution priorities and positions the company for broader scale-up and capital markets progression, including listing on the NASDAQ.
Metallium CEO Michael Walshe says the capital raise reflects “strong institutional support” for the company’s US-focused strategy.
“With commissioning underway at Gator Point, a secured Glencore feedstock agreement, several collaborations and testing across red mud, gallium, and rare earth elements and our American depositary receipts trading on OTCQX, we are seeing increasing interest from US investors seeking exposure to critical metals processing and enabling technologies,” Walshe said.
“This capital provides further support for the company to fast track its development and commercial activities as we scale operations and progress toward our planned Nasdaq listing in Q3 2026.”
Metallium is pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams.
The company’s Flash Joule Heating technology enables the extraction of high-value materials, including gallium, germanium, antimony and rare earth elements, from feedstocks such as refinery scrap and e-waste.
