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2026-11-06
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Metallium Limited

Construction · Gold · Copper · Rare Earths · Platinum Group Metals · Others · United States · Canada · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.21
1D
—
1M
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YTD
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1Y
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Upside
Locked: sign in to view
Mkt cap
A$158M
EV
A$93.9M
Cash
A$64.1M
Debt
A$0
5 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory20 documents
MTM.AX ASX ordinary-share closing priceMarket Data · HighExtracted

Locally cached ASX ordinary-share history gives a 25 September closing price of A$0.375 and volume 1,313,609 shares. Historical closes: 3 August A$0.290 (zero recorded volume), 4 August A$0.260, 25 and 26 August A$0.430.

Document ID
market-price-2026-09-25
Published UTC
2026-09-25T06:10:00Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - MTMCorporate Action · HighExtracted

37,500 MTMAZ options exercised at A$0.18; ordinary shares 752,254,769 and unquoted options and rights 44,581,691.

Document ID
appendix-2a-2026-09-22
Published UTC
2026-09-22T08:23:00Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - MTMCorporate Action · MediumExtracted

30,000 ordinary shares issued as partial non-cash consideration; ordinary shares then 752,217,269.

Document ID
appendix-2a-2026-09-03
Published UTC
2026-09-03T06:10:00Z
Projects
—
Commodities
—
Open original source ↗
Texas Campus Chlorinated Testing Resumes; First RevenueOperations · HighExtracted

Site boundary constraint resolved through nominal-US$1 lease and county e-scrap receipt. Chlorinated testing was scheduled to recommence in the week, a 12-hour multi-reactor campaign targeted for September. ECT US$500k first fee being received in tranches; full receipt was expected but not confirmed. This is MXene services, not PCB metal sales.

Document ID
operating-update-2026-08-26
Published UTC
2026-08-25T22:06:00Z
Projects
gator-point
Commodities
others
Open original source ↗
Application for quotation of securities - MTMCorporate Action · MediumExtracted

937,500 MTMAZ options exercised; ordinary shares then 752,187,269.

Document ID
appendix-2a-2026-08-20
Published UTC
2026-08-20T02:26:00Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - MTMCorporate Action · MediumExtracted

13 million MTMAP performance rights converted into ordinary shares; ordinary shares then 751,249,769.

Document ID
appendix-2a-2026-08-13
Published UTC
2026-08-13T06:18:00Z
Projects
—
Commodities
—
Open original source ↗
Board and Executive Leadership Team UpdateLeadership · MediumExtracted

Ibrahim Ayoub promoted Chief Operating Officer and Matthew Trauber appointed CFO USA; non-executive board appointments also announced.

Document ID
board-update-2026-08-10
Published UTC
2026-08-10T00:05:00Z
Projects
—
Commodities
—
Open original source ↗
First Commercial FJH Technology Services AgreementEconomic Arrangement · HighExtracted

Twelve-month ECT MXene R&D and engineering services agreement: up to US$1.4m, US$500k due at execution and four US$225k quarterly instalments from 1 November; 20m ECT options conditional on ECT shareholder approval. Future licence/royalty is only a possibility.

Document ID
ect-services-2026-08-04
Published UTC
2026-08-03T23:34:00Z
Projects
gator-point
Commodities
others
Open original source ↗
Webinar PresentationPresentation · HighExtracted

August webinar reiterates substantial technical de-risking but shows that chlorinated multi-reactor commissioning, integrated flowsheet demonstration and saleable product remain ahead.

Document ID
webinar-2026-08
Published UTC
2026-08-03T23:38:38Z
Projects
gator-point
Commodities
gold · copper · rare_earths · platinum_group_metals · others
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

June-quarter report is the principal operating and liquidity source: it records A$64.1 million cash, 12.2 quarters of operating runway, 4,000 tpa contracted feedstock, commissioning progress and pending permits.

Document ID
quarterly-2026-06
Published UTC
2026-07-29T22:30:19Z
Projects
gator-point · pomme · mt-monger · east-laverton · west-arunta · mukinbudin
Commodities
gold · copper · rare_earths · platinum_group_metals · others
Open original source ↗
Notification regarding unquoted securities - MTMGovernance · MediumExtracted

Appendix 3G records 3.637 million new employee incentive awards and confirms the ordinary and unquoted security balances.

Document ID
appendix-3g-2026-07
Published UTC
2026-07-22T06:13:33Z
Projects
—
Commodities
—
Open original source ↗
Metallium Announces Senior Executive ChangesLeadership · MediumExtracted

Stuart Fraser stepped down as CFO on 30 June; an interim Group Financial Controller under board oversight covers the function; Tim Cooper is appointed CFO effective 1 October 2026.

Document ID
cfo-change-2026-06-30
Published UTC
2026-06-29T22:14:00Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - MTMCorporate Action · HighExtracted

Appendix 2A records the quotation of 1,407,143 employee incentive shares and the resulting ordinary share count.

Document ID
appendix-2a-2026-05
Published UTC
2026-05-22T05:16:02Z
Projects
—
Commodities
—
Open original source ↗
Presentation at Canaccord Global Metals Conference NevadaPresentation · MediumExtracted

Investor presentation describes the FJH platform, Gator Point business models, market positioning and balance-sheet capacity.

Document ID
canaccord-presentation-2026
Published UTC
2026-05-20T22:30:00Z
Projects
gator-point
Commodities
gold · copper · rare_earths · platinum_group_metals · others
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

March-quarter update reported A$82.14 million cash, commissioning and engineering progress, and continuing Gator Point permitting work.

Document ID
quarterly-2026-03
Published UTC
2026-04-12T22:22:36Z
Projects
gator-point · pomme
Commodities
gold · copper · rare_earths · platinum_group_metals · others
Open original source ↗
Half Yearly Report and AccountsResults · HighExtracted

Half-year accounts show a large pre-revenue loss, heavy investment in Gator Point and a post-period A$75 million placement.

Document ID
half-year-2025-12
Published UTC
2026-03-15T23:23:09Z
Projects
gator-point
Commodities
gold · copper · rare_earths · platinum_group_metals · others
Open original source ↗
NFM: Binding Option to Acquire 90% of Advanced Pomme REETransaction · HighExtracted

New Frontier received a binding option and staged earn-in to acquire up to 90% of Pomme, leaving Metallium with a free-carried residual interest or royalty pathway.

Document ID
pomme-option-2026
Published UTC
2026-02-11T22:52:34Z
Projects
pomme
Commodities
rare_earths · others
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

December-quarter update recorded commissioning commencement, a binding Glencore supply agreement and the post-quarter A$75 million placement.

Document ID
quarterly-2025-12
Published UTC
2026-01-28T21:15:10Z
Projects
gator-point
Commodities
gold · copper · rare_earths · others
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

September-quarter update reported Texas construction progress, Glencore feedstock and offtake framework, and A$47.866 million period-end cash.

Document ID
quarterly-2025-09
Published UTC
2025-10-23T21:30:07Z
Projects
gator-point
Commodities
gold · rare_earths · others
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

FY2025 report describes the transition from exploration toward commercialising Flash Joule Heating in Texas, the A$50 million placement and the pre-revenue risk profile.

Document ID
annual-report-2025
Published UTC
2025-09-30T22:22:06Z
Projects
gator-point · pomme · mt-monger · east-laverton · west-arunta · mukinbudin
Commodities
gold · copper · rare_earths · platinum_group_metals · others
Open original source ↗
Evidence facts53
fy25.cashCash balance

7342545 AUD

2025-06-30
fy25.first-revenue-targetInitial commercial revenue target

Commercial production revenue expected after commissioning the Texas facility None

2025-10-01
q1fy26.cashQuarter-end cash

47866000 AUD

2025-09-30
q1fy26.offtake-frameworkGlencore offtake framework

Up to 75% of Stage 1 output under non-binding MOU framework None

2025-10-24
q2fy26.cashQuarter-end cash

29784000 AUD

2025-12-31
q2fy26.glencore-feedstockBinding Glencore feedstock

2400 tonnes per annum

2026-01-29
pomme.claimsPomme claim package

43 mineral claims

2026-02-12
pomme.stage2Stage 2 earn-in consideration

500000 AUD cash plus shares

2026-02-12
pomme.residualResidual interest

10% free-carried to DFS, then potential 1.5% NSR if diluted None

2026-02-12
hy26.lossHalf-year comprehensive loss

-24647544 AUD

2025-12-31
hy26.placementPost-period placement

75000000 AUD

2026-01-21
q3fy26.cashQuarter-end cash

82140000 AUD

2026-03-31
q3fy26.capacity-targetStage 1 throughput target

8000 tonnes per annum PCB feedstock

2026-04-13
canaccord.options-rightsOptions and performance rights

55000000 securities

2026-05-12
canaccord.initial-revenueInitial commercial revenue

Targeted after commercial commissioning None

2026-05-21
app2a.shares-issuedOrdinary shares quoted

1407143 shares

2026-05-21
app2a.shares-totalOrdinary shares on issue

738249769 shares

2026-05-21
cfo.effectiveNew CFO effective date

2026-10-01 date

2026-06-30
app3g.new-awardsNew employee incentive awards

3637382 rights and awards

2026-07-22
app3g.ordinary-sharesOrdinary shares on issue

738249769 shares

2026-07-22
app3g.performance-awards-totalPerformance rights and new awards

23541203 rights and awards

2026-07-22
q4fy26.cashQuarter-end cash

64100000 AUD

2026-06-30
q4fy26.runwayEstimated operating runway

12.2 quarters

2026-06-30
q4fy26.feedstockContracted PCB feedstock

4000 tonnes per annum

2026-06-30
q4fy26.cash-burnQuarter operating cash outflow

5236000 AUD

2026-06-30
q4fy26.capexQuarter property, plant and equipment spend

5556000 AUD

2026-06-30
ect.upfrontUnconditional upfront fee

500000 USD

2026-08-04
ect.phase1Phase 1 cash ceiling

1400000 USD

2026-08-04
ect.installmentsQuarterly instalment

225000 USD

2026-08-04
ect.optionsECT options conditional on ECT shareholder approval

20000000 ECT options

2026-08-04
ect.option-strikeECT option exercise price

0.18 AUD per ECT share

2026-08-04
webinar.campaignsFJH test campaigns

100 more than campaigns

2026-08-04
webinar.capacityStage 1 capacity target

8000 tonnes per annum PCB feedstock

2026-08-04
webinar.revenue-statusSaleable product status

Initial saleable product production remains outstanding None

2026-08-04
leadership.ayoubChief Operating Officer

Ibrahim Ayoub name

2026-08-10
leadership.trauberCFO USA

Matthew Trauber name

2026-08-10
shares.aug13Ordinary shares

751249769 shares

2026-08-13
rights.convertedPerformance rights converted

13000000 shares

2026-08-13
shares.aug20Ordinary shares

752187269 shares

2026-08-20
options.aug20Options exercised

937500 options

2026-08-20
operating.chlorinatedChlorinated testing status

scheduled to recommence status

2026-08-26
operating.multi-reactorMulti-reactor campaign target

September 2026 month

2026-08-26
ect.first-paymentECT first payment

500000 USD

2026-08-26
shares.sep03Ordinary shares

752217269 shares

2026-09-03
shares.considerationNon-cash consideration shares

30000 shares

2026-09-03
shares.sep22Ordinary shares

752254769 shares

2026-09-22
rights.sep22Unquoted options and rights

44581691 securities

2026-09-22
market.close.sep25ASX MTM close

0.375 AUD per ordinary share

2026-09-25
market.volume.sep25ASX volume

1313609 shares

2026-09-25
market.close.aug03ASX MTM close

0.29 AUD per ordinary share

2026-08-03
market.close.aug04ASX MTM close

0.26 AUD per ordinary share

2026-08-04
market.close.aug25ASX MTM close

0.43 AUD per ordinary share

2026-08-25
market.close.aug26ASX MTM close

0.43 AUD per ordinary share

2026-08-26