https://investorhub.metalliuminc.com/announcements/7446879
March 15, 2026
Metallium CEO Letter to Shareholders / Half-year Report
Highlights:
March 15, 2026
Metallium CEO Letter to Shareholders / Half-year Report
Highlights:
- “During the period, substantial progress was made across construction, infrastructure and operational readiness at the Gator Point facility.”
- “As the design of the facility has progressed, the scope of the processing flowsheet has expanded to incorporate additional upstream and downstream processing stages, as well as increased overall system capacity.”
- “In the June quarter of 2026, the Company aims to demonstrate parallel operation of multiple (three) Flash Joule Heating (FJH) reactors through the simultaneous flashing of printed circuit board-derived material.”
- “The original concept for the plant was based on approximately one tonne per day of processing capacity through the FJH system. Based on encouraging technical progress and improved flowsheet design, the Company is now targeting approximately five tonnes per day of throughput through the FJH reactors, which equates to around 20 tonnes per day of inbound printed circuit board feedstock once upstream pre-processing systems are fully integrated.”
- “Beyond the FJH reactor system, Metallium is prioritizing investment to develop the broader processing flowsheet required to support commercial metal recovery from complex feedstocks, including red mud tailings, and gallium and germanium industrial residue.”
- I’m very pleased with the progress of work to establish multiple product recovery pathways across the flowsheet, including opportunities to generate saleable products at several stages of the process. These include material streams generated following mechanical separation, thermal pre-treatment, FJH processing, and downstream refining.”
- “The Company is also advancing the development of a downstream metal chloride brine refining system designed to recover high-value metals from FJH-processed material. This refining capability will allow Metallium to convert processed feedstocks into saleable metal products while capturing a greater share of the value chain.”
- [Beyond Glencore] “The Company is currently finalizing two further feedstock supply agreements for printed circuit board material.” [with Dynamic Life Cycle Innovations and Plastic Recyclers, Inc.]
- “While the primary focus of the Gator Point Technology Campus remains technology demonstration and process optimization, the Company intends for the facility to progress into cash flow positive commercial production as throughput and optimization increases and recovery processes mature.” [Noted in interviews as ‘in H1 2026’.]
- “Financial Performance in the Period: During the half-year the Company reported a net loss of AUS $24.1m. It is important to note that AUS $16.2m of this amount relates to non-cash share-based payment expenses, largely associated with equity incentives granted in prior periods, the majority of which fully vested during the half-year. The Company ended the period with a strong balance sheet, including cash of AUS $29.8m, and further strengthened its financial position with the successful completion of a AUS $75 million placement subsequent to period end. Reflecting this progress, the Company’s net assets increased by 168% during the period.”
