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Metallium Announces Sponsored Level 1 ADR Program with Bank of New York
Prnewswire· 2026-01-12 15:53
Group 1 - Metallium has established a Level 1 sponsored American Depository Receipts (ADR) program, trading on the OTCQX platform under the ticker MTLMY, with the program commencing on January 12, 2026 [1] - The company is preparing for a potential secondary Level 2 NASDAQ listing targeted for Q3 2026, subject to market conditions, regulatory, and board approvals [1] - Each ADR represents 20 ordinary Australian shares of Metallium and is non-dilutive, providing direct access to MTM securities for American investors [2] Group 2 - The establishment of the ADR program is seen as a natural evolution for Metallium as a U.S.-focused industrial technology company, enhancing visibility in the U.S. capital market [3] - Metallium is focused on a low-carbon, high-efficiency approach to recover critical and precious metals using patented Flash Joule Heating (FJH) technology [3] - The technology allows for the extraction of high-value materials such as gallium, germanium, antimony, rare earth elements, and gold from various feedstocks including refinery scrap and e-waste [3]