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Mt Monger Resources Ltd. ( (AU:MTM) ) has issued an update.
Metallium Ltd has announced its support for the newly signed United States–Australia Framework for Securing Supply of Critical Minerals and Rare Earths, a significant bilateral agreement aimed at diversifying and securing supply chains for critical minerals. This agreement, which includes a commitment of at least US$1 billion in joint project financing, seeks to reduce dependency on Chinese-controlled refining and processing. Metallium’s operations, which focus on using Flash Joule Heating technology to recover critical metals from waste, align with the framework’s objectives to strengthen allied-nation supply chains and promote sustainable processing. The company’s efforts contribute to the U.S. industrial strategy by creating jobs, re-establishing domestic refining capacity, and supporting clean technology deployment.
The most recent analyst rating on (AU:MTM) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on Mt Monger Resources Ltd. stock, see the AU:MTM Stock Forecast page.
More about Mt Monger Resources Ltd.
Metallium Ltd is an innovative company focused on a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. Utilizing its patented Flash Joule Heating (FJH) technology, Metallium extracts high-value materials such as gallium, germanium, antimony, rare earth elements, and gold from feedstocks like refinery scrap and e-waste. The company is aligned with U.S. strategic supply chain objectives and has secured its first commercial site in Texas through its subsidiary, Flash Metals USA Inc.
Average Trading Volume: 7,269,061
Technical Sentiment Signal: Buy
Current Market Cap: A$671.3M
See more insights into MTM stock on TipRanks’ Stock Analysis page.