The move aligns with a focus on US critical metal markets. Pic: Getty Images
MTM moves closer to US metals markets with OTCQB exchange listing
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- US listing opens the door for easy investment
- Recycling innovation critical to reduce domestic reliance on foreign metals
- Uniquely held position in the critical minerals sector with established American partnerships
Special Report: MTM is opening its metal recovery tech to US investors, with trading to soon begin under the MTMCF ticker on the OTCQB exchange.
MTM Critical Metals (ASX:MTM) decision to list on the SEC-recognised market eases access to US-based investors, data distributors and media partners to support its technological focus on the American critical minerals sector.
An existing ASX compliance minimises additional costs of the listing, set to begin when US markets open later today.
The move aligns with US national priorities of securing critical minerals already under the spotlight prior to further restrictions, which are more than a chest puff.
MTM managing director Michael Walshe said the milestone reflects a decision to broaden the company’s global base and underscores its dedication to advancing its sustainable technology.
“These innovations are crucial to onshoring critical material supply chains, enabling the efficient extraction of metals from unconventional waste streams,” Walshe said.
“By fostering greater national autonomy and sovereignty in critical supply chains, this aligns with US priorities, especially in light of China’s recent export ban on gallium and germanium.
“These strategic metals are indispensable for key technologies, including semiconductors and military defence systems.”
He added the listing aligns with the ongoing process of its flash joule heating development program – mineral-processing technology which has stirred a major turnaround for the former explorer.
“Additionally, we anticipate that dual trading on the OTCQB will help diversify our shareholder base and broaden exposure to a wider pool of investors,” Walshe noted.
“US investors are encouraged to explore MTM’s unique positioning in the critical minerals sector by visiting our Investor Hub for the latest updates and opportunities.”
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Full MTM subsidiary Flash Metals USA is based in Texas, holding exclusive rights to the flash joule heating technology developed at the Lone Star state’s Rice University.
The US sent over a billion pounds of non-ferrous metals to the landfills in 2018 alone and has traditionally relied on foreign countries to recycle the waste holding considerable volumes of increasingly critical minerals.
MTM’s flash joule heating tech uses an advanced electrothermal process to recover high-value metals by rapidly heating scrap in a controlled atmosphere, using less energy and materials while producing less waste.
The Perth-headquartered company already has a strategic partnership in place with New York-based specialty technology metals supplier Indium Corporation, likewise working towards a local solution to foreign reliance.
MTM also retains its interest in the ground, holding niobium, rare earth, gold and base metal exploration assets across Australia and Canada.
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.
