Perth-based MTM Critical Metals (ASX:MTM) announced a strategic partnership with New York-based Indium Corporation, a major supplier of specialty technology metals, including gallium, germanium, and indium.
The collaboration aims to establish a US-based processing solution utilising the company's flash joule heating technology to recover these high-value metals from scrap sources.
The initiative seeks to address US supply chain vulnerabilities by reducing reliance on imports, especially from China, which dominates global supply.
MTM and Indium's partnership aligns with upcoming US policies that encourage onshoring and incentivise domestic manufacturing of critical materials.
Markus Roas, Global Business Unit Manager at Indium, remarked, "This partnership with MTM aligns with our commitment to enhancing U.S.-based supply chains for critical metals essential to modern technologies."
MTM’s CEO, Michael Walshe, expressed enthusiasm for the collaboration, "We are thrilled to partner with Indium to secure a U.S.-based supply of metals essential to the defence, semiconductor, and high-tech industries."
Testing on feedstocks supplied by Indium is already underway in MTM's Texas laboratory.
MTM Critical Metals is an exploration company focused on searching for niobium and rare earth elements in Western Australia and Quebec. The company also holds tenements in other prolific and prospective mineral regions in Western Australia.
At the time of reporting, MTM Critical Metals' share price was $0.089.