Metallium Secures A$75 Million Funding to Advance U.S. Critical Metals Operations

Australian-listed Metallium has completed an A$75 million strategic capital raise led by U.S.-based institutional investors, a move that positions the company to accelerate commissioning of its first commercial processing facility in Texas and deepen its footprint in the U.S. critical minerals supply chain, according to company reporting.

The financing comes as Washington intensifies efforts to localize processing of strategic metals used in electronics, clean energy systems and defence applications. U.S. policymakers have repeatedly warned that dependence on offshore refining capacity poses economic and national security risks, while investors have shown rising interest in companies with domestic processing assets and scalable recycling technologies.

Metallium said the funds will be directed primarily toward bringing its Gator Point Technology Campus in Texas into commercial operation and supporting its American Depositary Receipt programme on the OTCQX market, a step ahead of a planned Nasdaq listing later this year. The company raised the capital at A$0.84 per share, an 8.7% discount to its previous close and broadly in line with recent trading averages.

The transaction increased U.S. institutional ownership on Metallium’s register, underscoring growing demand for exposure to domestic critical metals processing as federal incentives and procurement policies favour U.S.-based supply. Industry groups argue that capital availability remains a key bottleneck for scaling next-generation recovery technologies, particularly those targeting secondary feedstocks such as industrial scrap and electronic waste.

Chief executive Michael Walshe said commissioning activities are already underway at the Texas site and pointed to a secured feedstock arrangement with commodities trader Glencore as a near-term catalyst for revenue generation. Observers note that binding feedstock agreements are increasingly viewed as essential to de-risking recycling and advanced processing projects, which have historically struggled with inconsistent material supply.

The capital raise was arranged by Petra Capital, with EAS Advisors, operating through Odeon Capital Group, acting as U.S. adviser. Market participants say the involvement of specialist advisers reflects the growing sophistication of U.S. capital markets’ engagement with Australian critical minerals developers.

Metallium is developing proprietary Flash Joule Heating technology designed to recover metals such as gallium, germanium, antimony, rare earth elements and gold from mineral concentrates and high-grade waste streams. Data published by industry bodies show demand for several of these materials is expected to rise sharply this decade, driven by semiconductor manufacturing and energy transition technologies, while recycling rates remain low compared with primary production.

Source: Metallium

SUNSHINE Spotlight: The A$75 million raise underscores rising U.S. investor appetite for domestically anchored critical metals processing as Metallium moves from development toward commercial operations.