What was the major announcement from Metallium (ASX:MTM) regarding its U.S. operations?

Metallium (ASX:MTM) has secured binding supply contracts for 50% of its Stage 1 feedstock target for its Texas Technology Campus. The company has locked in 4,000 tonnes per annum (tpa) of printed circuit board (PCB) materials, which are essential for its e-waste recycling operations.

Who are Metallium’s (ASX:MTM) primary supply partners for its e-waste feedstock?

The company’s supply base is anchored by a cornerstone agreement with Glencore for 2,400 tpa of material. The remaining 1,600 tpa of the currently secured volume comes from additional established industry participants, though their specific identities are currently being kept confidential for commercial reasons.

Why is securing this feedstock volume considered a "de-risking" event for Metallium?

Securing 50% of the required feedstock materially reduces the risk that the Texas Technology Campus will sit idle or underutilized during its initial ramp-up. By locking in 4,000 tpa of material, management can ensure predictable reactor utilization and more accurately forecast downstream recovery pathways for processed metals.

What is the total Stage 1 production target for Metallium (ASX:MTM) in the U.S.?

Metallium is targeting a total Stage 1 throughput of 8,000 tonnes per annum at its Texas facility. Having secured 4,000 tpa through binding contracts, the company is halfway to its total feedstock goal as it moves toward sustained commissioning.

Why is Metallium (ASX:MTM) only contracting 70% of its total feedstock needs?

Metallium’s strategic procurement model aims to cap fixed contracts at roughly 70% of its 8,000 tpa target to maintain a 30% exposure to the spot market.

What technology is Metallium (ASX:MTM) utilizing at its Texas Technology Campus?

The company is currently progressing with the installation and testing of its proprietary multi-reactor Flash Joule Heating (FJH) technology. This technology is central to Metallium’s ability to recover valuable metals from printed circuit boards and other e-waste materials efficiently.

How does this news impact the investment thesis for Metallium (ASX:MTM)?

This milestone shifts the narrative from pure speculative technology testing toward operational execution and commercial viability. For investors, the secured supply provides a clearer line of sight toward revenue generation, though the company must still prove it can successfully scale the FJH technology during the upcoming commissioning phase.

Metallium secures 50% of U.S. e-waste feedstock

Written by Jon CuthbertPublished May. 5 2026Last Updated May. 5 2026

Metallium (ASX:MTM) has reached a critical operational milestone, securing binding supply contracts for 50% of its Stage 1 United States e-waste feedstock target.

The announcement confirmed that the company has locked in 4,000 tonnes per annum of printed circuit board materials, de-risking the upcoming ramp-up of its Texas Technology Campus.

The procurement achievement builds upon an existing cornerstone agreement with Glencore for 2,400 tpa, supplemented by new contracts with several established industry participants whose identities remain confidential.

The company’s strategic procurement model is designed to balance long-term supply certainty with commercial agility.

While Metallium aims to eventually secure 70% of its 8,000 tpa Stage 1 target through fixed contracts, it is deliberately maintaining a 30% exposure to the spot market.

Managing Director and CEO Walshe noted that this hybrid approach ensures the company can continuously benchmark prevailing market prices and optimise margins through opportunistic purchasing as they transition into sustained commissioning.

With the feedstock supply now materially de-risked, Metallium is progressing with the installation and testing of its multi-reactor FJH technology in Texas.

The supply stability is expected to enable predictable reactor utilisation and streamlined downstream recovery pathways.