 US subsidiary, Flash Metals USA, has executed a memorandum of understanding (MOU) with a subsidiary of Glencore focused on electronic scrap supply and metal offtake in the US.){kind=link}
Metallium and Glencore collaborate on critical minerals recycling
Metallium’s (ASX: MTM) US subsidiary, Flash Metals USA, has executed a memorandum of understanding (MOU) with a subsidiary of Glencore focused on electronic scrap supply and metal offtake in the US.
Metallium managing director and chief executive Michael Walshe comments on the partnership.
“Executing a MOU with Glencore marks a defining milestone for Metallium,” he said.
“Glencore ranks among the world’s most successful diversified natural resources companies, and its Horne Smelter in Quebec is North America’s largest processer of electronic scrap containing copper and precious metals.
“For Metallium to be directly engaged at this level validates the strength of our flash joule heating (FJH) technology and our US expansion model.
“This agreement secures critical feedback supply, covers a significant share of our Stage 1 requirements, and supports our planned expansion to Stage 2. It positions Metallium alongside one of the most influential players in global recycling as we build a national network of plants near major collection hubs and data centre corridors, with both parties working toward executing a definitive binding agreement by December 31.”
The partnership has the potential to provide feedstock certainty by locking in a material portion of Stage-1 supply, reinforced by Glencore’s global collection and trading network.
It also offers a pathway to expanded supply as Metallium scales production beyond the Stage-1 target.
Although the focus is on the US market, the parties are open to discussing a global agreement with Glencore, leveraging its international recycling footprint.
The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.
This hub-and-spoke model will allow Metallium to rapidly scale capacity, reduce costs and provide a resilient domestic supply of critical and precious metals.
The commercial agreement is subject to the negotiation and execution of final definitive agreements.