Metallium (ASX:MTM) announced that its US subsidiary, Flash Metals USA, has signed a binding e-scrap supply agreement with global commodities and recycling giant Glencore.
The agreement provides Metallium with long-term access to end-of-life electronics, lithium-ion batteries, and other critical metal-containing products, supporting the commissioning and scale-up of the company's flash joule heating technology platform in the United States.
This represents Metallium’s first binding feedstock contract, signaling the company's transition from development to commercial operations.
The multi-year supply arrangement with a Tier-1 recycler offers the throughput certainty needed to expand Metallium's US FJH operations, enabling predictable processing rates and the deployment of multiple processing lines across its Technology Campus.
Securing contracted feedstock is a critical step for stable mass-balance planning, efficient reactor utilisation, and scalable deployment of FJH lines.
It also establishes Metallium's commercial base in the US, accelerating the timetable for FJH capacity expansion and enhancing its position within the growing US critical-materials recycling sector.
The agreement strengthens opportunities for collaboration with downstream refiners, OEMs, and strategic partners.
Metallium CEO Walshe described the deal as "a defining moment" for the company, highlighting that reliable, high-quality feedstock is essential for processing technology companies.
He added that Glencore's commitment allows Metallium to commission and scale its operations with confidence, validating both the FJH technology and the company's US strategy.
Next steps include scheduling delivery logistics to support initial commercial processing, finalising a separate binding offtake agreement for recovered metals, and providing further updates as milestones are achieved.
At the time of reporting, Metallium's share price was $0.99.