MTM Critical Metals (ASX:MTM) has secured a pre-permitted five-hectare industrial site in Texas, US for its Flash Joule Heating (FJH) metal recovery plant.
The location will serve as the base for future commercial operations, alongside research and development activities as part of a new Technology Campus.
The property is pre-permitted for industrial waste handling and processing, and includes existing infrastructure such as sealed access roads, onsite power, wastewater management, security fencing and office facilities.
MTM, which has a market capitalisation of $114.66 million, says the Texas facility will focus on recovering critical metals such as gallium, germanium, indium, and gold from industrial waste and electronic scrap.
The site also offers flexibility to support future processing modules, pilot programs, and downstream refining innovations as MTM expands its technology portfolio.
Its location within a permitted industrial corridor enables potential collaboration with nearby industrial operators, and MTM is evaluating opportunities to co-locate allied processing activities or shared infrastructure to further enhance capital efficiency.
Further, the company securing this site de-risks its accelerated timeline, which remains on track to commission the FJH demonstration plant by the end of 2025.
CEO Michael Walshe says the location aligns with the company’s goal to rapidly deploy FJH technology and establish a low-emissions, tariff-exempt, cost-efficient hub for critical metals processing.
“The site’s pre-permitted status and existing infrastructure mean we can move quickly, stay capital-efficient, and maintain our commissioning schedule, laying the foundation for significant scale-up and near-term production,” Walshe says.
MTM expects to finalise the lease and begin onsite works in Q3 2025. Initial activities will focus on adapting the site for technology deployment and ensuring regulatory compliance.
The company will also prepare permitting submissions and fire marshal coordination to ensure timely issuance of the required certificate of compliance, in accordance with local regulations.
MTM Critical Metals is a dual-listed company that specialises in advanced metal recovery technologies.
Write to Aaliyah Rogan at Mining.com.au
Images: MTM Critical Metals
