Core Insights - The signing of the United States-Australia Framework for Securing Supply of Critical Minerals and Rare Earths aims to mobilize at least US$1 billion in joint project financing to enhance supply chain security and sustainability for critical minerals and rare earth elements [2][3] Company Developments - Metallium Limited's CEO, Michael Walshe, highlighted the Framework's recognition of "scrap" as a strategic feedstock, which will lead to investments in minerals recycling technology and better management of critical-mineral scrap [3][4] - The company is utilizing its patented Flash Joule Heating technology to convert waste and mine tailings into high-purity critical metals, including rare earths, and is developing a scalable processing facility in Texas through its subsidiary, Flash Metals USA [4][6] Industry Context - The initiative directly addresses the challenge posed by Chinese dominance in the refining and processing of critical minerals, which are vital for defense, clean energy, semiconductor, and advanced manufacturing applications [2] - Metallium's approach aligns with U.S. strategic supply chain objectives, focusing on low-carbon and high-efficiency recovery of critical and precious metals from various waste streams [6]