Metallium Executes MOU with Glencore, One of World's Largest Recyclers of End-of-Life Electronics

Core Insights - Metallium Limited's U.S. subsidiary, Flash Metals USA Inc., has signed a Memorandum of Understanding (MOU) with Glencore plc to explore long-term collaboration in electronic scrap supply and metal offtake in the U.S. [1][2] Company Overview - Metallium is focused on a low-carbon, high-efficiency method for recovering critical and precious metals from various waste streams, utilizing its patented Flash Joule Heating (FJH) technology [5][6]. - Glencore is a leading diversified natural resource company, involved in the production and marketing of over 60 commodities, and is a major player in e-waste recycling, processing around 100,000 tons of e-waste annually [4][5]. MOU Details - The MOU establishes a framework for collaboration, with Glencore expected to supply significant feedstock for Metallium's first commercial facility and purchase up to 75% of its marketable recycled products [5][6]. - The agreement is set to last until the end of the year, pending the negotiation and execution of definitive agreements [2][3]. Strategic Importance - The partnership is seen as a milestone for Metallium, securing critical feedstock and supporting its expansion plans, positioning the company alongside a major player in global recycling [3][4]. - Metallium's operations align with U.S. strategic supply chain objectives, enhancing its potential for near-term production and revenue generation [6].