Latest news with #CriticalMetals
Yahoo
5 days ago
- Business
- Yahoo
Critical Metals begins 2025 drilling program at Tanbreez project
- Mineral miner Critical Metals Corp (NASDAQ:CRML) has commenced a 2000-meter resource diamond drilling campaign at the Tanbreez project in Greenland, the world's biggest rare earth deposit by resource count. In a statement, Critical Metals said the development positions the mine for commercial production which is expected to begin next year. The drilling program will target a "significant" increase the size of the current mineral resource estimate, or an assessment of the quantity and quality of a mineral deposit that has reasonable prospects for economic extraction, the company said. "Launching our 2025 drilling campaign at Tanbreez is an important investment and step in our efforts to bring this game-changing rare earth asset into production as soon as possible to meet the growing demand in the United States and the West more broadly for rare earth material," CEO Tony Sage said. Teams are on site conducting fieldwork and collecting data that will play a key role in finalizing the bankable feasibility study -- a detailed analysis of a mining project that aims to give financial institutions information to make informed decisions about potential investments, Critical Metals said. Comprehensive reports are also required by regulators in Greenland, it noted, adding that the firm is on track to deliver these final reports by the fourth quarter of this year. Critical Metals -- the result of a merger between Australia's European Lithium and U.S.-based Sizzle Acquisition -- previously announced in 2024 a binding agreement to take a controlling interest in the Tanbreez Greenland Rare Earth Mine. At the time, Critical Metals, which aims to produce strategic products essential to electrification and next generation technologies, said the Tanbreez project would unlock a "sustainable, reliable and long-term rare earth supply for North America and Europe." So far this year, shares of Critical Metals have fallen by more than 54%. The stock sank sharply in February after Critical Metals announced that it would issue 4.5 million shares at a steep discount as part of a bid to raise $22.5 million through so-called private investment in public equity, or PIPE, financing. Related articles Critical Metals begins 2025 drilling program at Tanbreez project These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Metallium (MTM Critical Metals) Upgraded to OTCQX Market
HOUSTON, July 10, 2025 /PRNewswire/ -- MTM Critical Metals Ltd (ASX: MTM; OTCQX: MTMCF), soon to be renamed Metallium Ltd, begins trading today on the OTCQX® Best Market, an upgrade from the OTCQB® Venture Market. Qualifying for the upgrade to the OTCQX marks a key milestone in the company's U.S. capital markets strategy and enhances visibility and access for North American investors. "Graduating to OTCQX is a significant step forward in our U.S.-focused strategy," said Michael Walshe, Managing Director & CEO. "This upgrade allows easier trading for our expanding U.S. shareholder base, particularly enabling our shares to be purchased in U.S. dollars during local market hours. As we develop our first commercial Flash Joule Heating facility in Texas and grow our strategic partnerships, we believe this enhanced market presence is perfectly timed." He added that this upgrade to the highest level of the OTC Markets will help enhance availability of the company's shares with a significant expansion of Blue Sky compliance across multiple U.S. states. "We are evaluating instituting a Level 1 ADR program to further improve U.S. investor accessibility to investment in the company." MTM's U.S. subsidiary, Flash Metals USA Inc, has secured its first commercial site in Texas, targeting near-term revenue from the recovery of high-value materials including gallium, germanium, rare earth elements, gold and silver from mineral concentrates and e-waste. "With this upgrade and our recent $50 million institutional capital raise, we continue to implement our plan as we accelerate toward commercialization in the U.S. to establish Metallium as a leader in strategic materials recovery and supply chain resilience," added Walshe. About MTM Critical Metals Ltd MTM Critical Metals Ltd (soon to be renamed Metallium Ltd) ( is pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrations and high-grade waste streams through its 100% U.S. subsidiary, Flash Metals USA, Inc. Flash Metals USA is commercializing the Flash Joule Heating (FJH) process, a patented ultra-fast, selective thermal method to recover critical and strategic metals from waste and ore without acids or smelting. The company's first commercial plant is under development in Texas targeting the recovery of gallium, germanium, indium, gold, silver, copper, antimony, chloride intermediates for rare earth elements magnet and semiconductor markets. The platform is modular, low-emission and aligned with U.S. industrial modernization efforts currently underway. Website: Hub: Market Profile: About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market for over 12,000 U.S. and global securities. The OTCQX Market is reserved for established companies meeting high financial and corporate governance standar View original content: SOURCE MTM Critical Metals Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
07-07-2025
- Business
- Globe and Mail
CMP Next Edge 2025 Critical and Precious Metals Short Duration Flow-Through Limited Partnership Files Final Prospectus for an Offering of up to $50,000,000
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, July 7, 2025 /CNW/ - Next Edge Capital Corp. ("Next Edge" or the "Manager") is pleased to announce that CMP Next Edge 2025 Critical and Precious Metals Short Duration Flow-Through Limited Partnership (the "Partnership") has received a receipt for its final prospectus dated June 30, 2025 in respect of an initial public offering (the "Offering") of up to a maximum of 2,000,000 of Series A Units and/or Series F Units (collectively, the "Units"), for a maximum offering size of $50,000,000.
News.com.au
04-07-2025
- Business
- News.com.au
Break it Down: MTM upgrades to OTCQX Best Market
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully looks at the latest from MTM Critical Metals (ASX:MTM), which is preparing to change its name to Metallium, as the company uplists to the OTCQX Best Market. Tune in to hear all about it. While MTM Critical Metals is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: MTM upgrades to OTCQX Best Market
The Australian
26-06-2025
- Business
- The Australian
MTM raising $50m to advance FJH tech
MTM secures firm commitments from domestic and international investors for $50m placement Support endorses progress in becoming a US-centric clean technology company Funding will progress FJH demonstration plant, secure and prepare up to four US operational sites Special Report: Investors have demonstrated their strong support for MTM Critical Metals' US-centric clean tech strategy by backing a $50m placement at 55c per share. Firm commitments have been received from high-conviction domestic and international investors for the two-tranche placement, which is at an 11% premium to the 20-day volume weighted average price. This reflects growing institutional recognition of MTM Critical Metal's (ASX:MTM) transition into an industrial technology company and confidence in the commercial potential of its proprietary Flash Joule Heating (FJH) platform for metal recovery and mineral processing. MTM managing director Michael Walshe said the support from institutions was a clear endorsement of the company's progress to date and its ambition to become a leading US-based clean technology platform. 'The addition of major institutions to our register sends a strong message: this is high-conviction capital backing a clear strategy with real momentum,' he added. 'With institutional alignment and capital in place, MTM is moving at speed to realise the commercial potential of FJH and build a scalable, first-mover platform in critical metals recovery. We're not just proving the tech, we're now building the business. 'With high-grade feedstock secured and commissioning underway, MTM is now positioned to deliver commercial output from US soil within 12 months.' Watch: MTM signs a MoU with Meteoric Resources Advancing operations Proceeds from the placement will provide MTM with the funds to advance several objectives. For starters, it will allow the company to commission its 1 tonne-per-day FJH demonstration plant in Texas that will prove the technology's ability to recover gallium and germanium – minerals valued for their use in manufacturing semi-conductors – from e-waste. MTM will also be able to secure and prepare up to four US operational sites for modular, build-own-operate metal recovery units as well as establish long-term feedstock procurement arrangements across high-grade e-waste, Ga/Ge refinery scrap and REE concentrates. Additionally, the funding will enable the company to expand its internal technical, engineering and commercial teams while deepening engagement with US federal programs targeting critical minerals supply chain resilience. The first tranche of the placement for $24m will be issued under the company's remaining placement capacity under ASX listing rules 7.1 and 7.1A, while shareholder approval will be sought at a general meeting on or around August 7, 2025, for the second tranche of shares to raise the remaining $26m. The company is also advancing its rebrand into Metallium to align with its US industrial technology positioning. This article was developed in collaboration with MTM Critical Metals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
