Business
Metallium Executes MOU with Glencore, One of World's Largest Recyclers of End-of-Life Electronics
Metallium Limited (ASX: MTM; OTCQX: MTMCF) announced that its U.S. subsidiary, Flash Metals USA Inc., has executed a Memorandum of Understanding (MOU) with a division of Glencore plc, one of the world's largest diversified resource companies and a major recycler of end-of-life electronics, lithium-ion batteries, and other critical metal-containing products.
About this update from Glencore Plc
[{"type":"text","content":"Creates Framework for Potential Long-Term Collaboration in Electronic Scrap Supply and Metal Offtake in US","length":106,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON, Oct. 2, 2025 /PRNewswire/ -- Metallium Limited (ASX: MTM; OTCQX: MTMCF) announced that its U.S. subsidiary, Flash Metals USA Inc., has executed a Memorandum of Understanding (MOU) with a division of Glencore plc, one of the world's largest diversified resource companies and a major recycler of end-of-life electronics, lithium-ion batteries, and other critical metal-containing products.","length":401,"tagName":"p"},{"type":"image","alt":"Metallium logo (PRNewsfoto/MTM Critical Metals Ltd.)","displaySize":"","headline":null,"caption":"Metallium logo (PRNewsfoto/MTM Critical Metals Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":62,"url":"https://media.zenfs.com/en/prnewswire.com/00d3794fe14f2939b5fa973433319ecc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RVwP5VaJaQ6BpyPQL5QkZQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/00d3794fe14f2939b5fa973433319ecc","width":400,"height":62}},"href":"https://mma.prnewswire.com/media/2725728/Metallium_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The MOU, which is effective immediately, creates a framework for a potential long-term collaboration in electronic scrap supply and metal offtake in the United States. The commercial agreement is subject to negotiation and execution of final definitive agreements. It runs until the end of the year, unless extended or replaced by definitive agreements.","length":353,"tagName":"p"},{"type":"text","content":"Michael Walshe, Managing Director & CEO of Metallium said, "Executing an MOU with Glencore marks a defining milestone for Metallium. Glencore ranks among the world's most successful diversified natural resource companies and its Horne Smelter in Quebec is North America's largest processor of electronic scrap containing copper and precious metals." Walshe added that the agreement secures critical feedstock supply, covering a significant share of Metallium's Stage 1 requirements, "and supports our planned expansion to Stage 2, positioning Metallium alongside one of the most influential players in global recycli...