Flash Joule Heating Prototype Complete. Testing Commenced

MTM Critical Metals Limited (ASX:MTM) (MTM or the Company) has started testing on the completed FJH prototype in Houston, Texas, following the close of the acquisition of Flash Metals Pty Ltd (Flash) and FJ Processing Pty Ltd (FJP).

HIGHLIGHTS:

• Flash Joule Heating (FJH) prototype construction completed and testing has commenced for the recovery of critical metals such as REE, lithium and cobalt from a range of waste material
• Global focus on supply chains and the sustainable sourcing of critical materials provides an opportunity for the development of advanced technology such as FJH
• FJH technology was developed by William Marsh Rice University (Rice), a prominent industrial technology research institution based in Houston, Texas with MTM securing the option for a global licencing agreement via the acquisition of Flash Metals Pty Ltd
• Ongoing test results will provide technical and performance data for MTM to progress towards a pilot scale FJH plant opening channels to test waste material from potential commercial partners
• Progression of the FJH technology complements MTM’s advancement of a portfolio of rare earth and critical mineral exploration assets across Australia and Canada

FJH is an advanced processing and recycling technology being developed to extract critical metals including REE, titanium, nickel, cobalt and lithium from waste material including lithium-ion batteries, eWaste, coal fly ash (CFA) produced by coal-fired power stations or bauxite residue (red mud) derived from alumina refining.

The FJH protype unit was designed and fabricated by KnightHawk Engineering (KnightHawk) in Houston, Texas and verified in consultation with the developer of the technology, William Marsh Rice University (Rice) a prominent industrial technology research institution also based in Houston. MTM secured an option to licence the FJH technology via its recent acquisition of Flash Metals Pty Ltd (Flash) and FJ Processing Pty Ltd (FJP).

To date approximately $1.5 million has been invested on the design and development of a prototype unit by FJP to progress the scale up and commercialisation of the FJH technology.

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