Metallium Signs Binding Letter of Intent with ElementUSA to Collaborate on Recovery of Gallium and Scandium from Red Mud in Louisiana Including Up to US$10 million in Non-Dilutive Funding to Metallium for the Initial Deployment of Company's FJH Technology

Core Insights - Metallium, through its subsidiary Flash Metals USA, has signed a binding Letter of Intent with ElementUSA to recover gallium and scandium from red mud in Louisiana, with up to US$10.1 million in non-dilutive funding allocated for the initial deployment of its Flash Joule Heating technology [1][2] - The collaboration aims to support ElementUSA's development of a demonstration facility in Gramercy, Louisiana, focusing on the separation and purification of gallium and scandium from industrial waste [1][2] Company Overview - Metallium is focused on low-carbon, high-efficiency recovery of critical and precious metals from mineral concentrates and high-grade waste streams, utilizing its patented Flash Joule Heating technology [4] - The technology allows for the extraction of high-value materials such as gallium, germanium, antimony, rare earths, and gold from various feedstocks, including refinery scrap and e-waste [4] Industry Context - ElementUSA specializes in recovering critical minerals like gallium and scandium from industrial waste streams, employing advanced process development and various separation technologies [3] - The collaboration between Metallium and ElementUSA is positioned to enhance domestic capabilities in critical minerals, which are essential for defense, semiconductors, and advanced materials [2]