Metallium Limited · ASX:MTM
Metallium — Canaccord Genuity's 5th Annual Global Metals and Mining Conference 2026
30 slides from Metallium's conference presentation, May 21, 2026
Slide 1: Solving the Critical Metals Processing Bottleneck
For personal use only Solving the Critical Metals Processing Bottleneck A U.S.-anchored advanced processing platform transforming legacy flowsheets to deliver lower cost, lower impact, and resilient metal supply Presentation at Canaccord Genuity’s 5th Annual Global Metals and Mining Conference, Hend
Slide 2: Disclaimers
Disclaimers This presentation has been prepared by Metallium Ltd (ACN 645 885 463) (“Metallium”, “MTM’ or “Company”) for the exclusive The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and use of the party to whom Metalli
Slide 3: The Future of Metals Recovery
THE FUTURE OF METALS RECOVERY We are an Advanced Metal Processing Company Solving the Critical Metals Refining Bottleneck with Breakthrough Technology For personal use only FLASH JOULE HEATING (FJH): a patented INNOVATION: Selective recovery of metals using technology to recover metals from both was
Slide 4: The Structural Problem in Critical Metals
THE STRUCTURAL PROBLEM IN CRITICAL METALS Weaponisation of the Periodic Table: The key constraint is not raw material supply or mining but processing and refining CMs underpin every element of modern economies For personal use only CRITICAL METALS (CMs) are essential for national including DEFENSE,
Slide 5: How Bad Is This Refining Bottleneck?
HOW BAD IS THIS REFINING BOTTLENECK? The ‘Lion’s Share’ of Global Processing / Refining for Key Critical Metals sits within China USA is highly reliant on China for defence / For personal use only Majority of metals within electronic waste in the technology metals like Gallium, Germanium and USA are
Slide 6: Crux of the Issue: Weaponisation of the Periodic Table
CRUX OF THE ISSUE: WEAPONISATION OF THE PERIODIC TABLE Vertically integrated metal processing and refining plant in China with power station For personal use only China’s strategic advantage in critical metals lies not in mining, but in its vertically integrated processing ecosystem: Control the hos
Slide 7: Technology & Operations
For personal use only TECHNOLOGY & OPERATIONS METALLIUM LIMITED | ASX:MTM — OTCQX: MTLMY (ADR) / MTMCF May 2026 | Investor Presentation 7
Slide 8: The Answer: FJH Technology
THE ANSWER: FJH TECHNOLOGY A new way to apply heat and chemistry to unlock metals from complex feedstocks RAPID THERMAL LIBERATION FOR METAL PROPRIETARY CHEMISTRY: Target metals form For personal use only RECOVERY - We apply rapid electric heating to chloride vapours which are condensed into high- c
Slide 9: Flash Joule Heating - History
FLASH JOULE HEATING - HISTORY From the stable of renowned scientist and inventor Dr. James Tour at Rice University Houston, Texas Dr. James Tour at his Materials Science & NanoEngineering lab at 2017: FJH invented: Developed in Tour’s lab at Rice 2020: Metals: Additional metal recovery applications
Slide 10: Multi-Metal Platform
MULTI-METAL PLATFORM Successful across several critical metal-rich feedstocks tested to date G 5 Critica inera s eriodic a e For personal use only USGS Critical Mineral Element Non-Critical Element FJH Successful Recovery Element Rare Metallium Key Focus Metals: Gallium Germanium Copper Earths ✓ Uni
Slide 11: Conventional Processing vs FJH
CONVENTIONAL PROCESSING VS FJH FJH is positioned as a leapfrog liberation step for complex, metal-bearing feedstocks Conventional Route (Mineral Processing Example) FJH-Enabled Route For personal use only Kiln-based or Multi-stage smelter- Acid impurity Waste Refined Rapid Volatilise / Crush / grind
Slide 12: Next-Gen Mineral Processing
NEXT-GEN MINERAL PROCESSING Two examples from refractory (hard to process) mineral processing applications: Lithium and Rare Earths i.e. Conventional Flowsheet for Lithium Carbonate vs FJH i.e. Conventional Flowsheet for REE concentrate processing vs FJH For personal use only FJH Conceptual Flowshee
Slide 13: Case Study: Rare Earth Elements (REEs)
CASE STUDY: RARE EARTH ELEMENTS (REEs) FJH has shown potential for significantly transforming REE Processing across a number of feedstocks, including heavy REE-rich mid-stream products MULTI-FEEDSTOCK CAPABLE: Proven to ENHANCING DOMESTIC SUPPLY REE Concentrates process mine concentrates, ionic clay
Slide 14: Gator Point - FJH Technology Campus
GATOR POINT – FJH TECHNOLOGY CAMPUS Texas-based hub for ongoing development and eventual commercial production eta ium’s . . echno ogy Campus will house our Prime Location in Houston Industrial Corridor with For personal use only first commercial plant and serve as a hub for direct access to Interst
Slide 15: Ongoing Commissioning
ONGOING COMMISSIONING Progressing FJH Technology to Commercial Scale ✓ Stable, repeatable and controlled reactor operation over extended duration Major interim commissioning milestone achieved: ✓ Validated key reactor subsystems, automation and operating systems Successful 12-hour continuous commerc
Slide 16: FJH-Nexus - Next-Generation Continuous FJH
FJH-Nexus – NEXT-GENERATION CONTINUOUS FJH Designed for higher-throughput mineral processing, concentrates, residues and tailings applications CONTINUOUS OPERATION: Steady-state material SCALE ECONOMICS: Engineered for significantly For personal use only flow designed for higher-throughput industria
Slide 17: Business Model & Commercialisation Strategy
For personal use only BUSINESS MODEL & COMMERCIALISATION STRATEGY METALLIUM LIMITED | ASX:MTM — OTCQX: MTLMY (ADR) / MTMCF May 2026 | Investor Presentation 17
Slide 18: Our Business Model: Two Engines of Value
OUR BUSINESS MODEL: TWO ENGINES OF VALUE URBAN MINING (WASTE RECYCLING) MINERAL PROCESSING (MINING PROJECTS) Models: Rare Earth Elements Red Mud Technology Metals: Electronic Waste: Plant Owner/Operator (REEs) (Bauxite Residue) For personal use only + Gallium, Germanium, Indium, Gold, Copper, PGE -r
Slide 19: Key Verticals
KEY VERTICALS Multiple potential Revenue Streams: Metal Product Sales, Technology Licencing Fees, Royalties, Toll Treatment Margins Urban Mining / Recycling Mineral Processing Build–Own–Operate Model for High-Value Scrap Licensing & Joint Ventures for Critical Metals For personal use only Capture Mi
Slide 20: Tier-1 Partners, Customers & Stakeholders
TIER-1 PARTNERS, CUSTOMERS & STAKEHOLDERS Major industrial partners already engaged with several more collaborations underway FEEDSTOCK PARTNERS OFFTAKE PARTNERS Contracted supply of e-waste and scrap Contracted buyers for recovered metal products For personal use only Glencore PLC Indium Corporatio
Slide 21: Market Opportunity
MARKET OPPORTUNITY Insatiable demand for metals provides a once-in-a-generation opportunity to take advantage of the next major commodity super-cycle underpinned by Critical Metals ELECTRONIC WASTE For personal use only 62M+ Tonnes e-Waste generated annually (2022) Global value of metals contained i
Slide 22: Gallium + Germanium: The Most Critical of Metals
GALLIUM + GERMANIUM: THE MOST CRITICAL OF METALS Strategic Metals for AI Infrastructure, Defence & Advanced Electronics DEMAND IS ACCELERATING GALLIUM GERMANIUM ✓ GaN and GaAs semiconductors are critical to next-generation AI, The most critical of metals For personal use only ✓ Essential for fibre o
Slide 23: Gallium + Germanium: Price Controls
GALLIUM + GERMANIUM: PRICE CONTROLS Indicative Gallium & Germanium Pricing Trends: China Domestic vs European Benchmark Markets China’s tightening export controls on For personal use only gallium and germanium have materially reshaped global pricing dynamics Particularly across Western markets where
Slide 24: U.S. Government Engagement
U.S. GOVERNMENT ENGAGEMENT Metallium’s Technology and Focus Metals Align with U.S. Strategic Priorities Metallium Awarded US$1M U.S. Defence Contract For personal use only Successful completion of Phase I Small Business Innovation Research (SBIR) contract & award of Phase II with the U.S. Department
Slide 25: Corporate & Financial Information
For personal use only CORPORATE & FINANCIAL INFORMATION METALLIUM LIMITED | ASX:MTM — OTCQX: MTLMY (ADR) / MTMCF May 2026 | Investor Presentation 25
Slide 26: Corporate & Financial Position - 1Q26
CORPORATE & FINANCIAL POSITION – 1Q26 BALANCE SHEET (31 March 2026) SHARE PRICE (ASX: MTM) 1.4 45 Cash & Equivalents A$82M Volume Share Price (A$) 40 *As at 31 Mar 2026 Quarter End 1.2 35 For personal use only 1 Share Price (A$) Debt Nil 30 Volume (M) 0.8 25 Shares on Issue 737m 20 0.6 15 0.4 Market
Slide 27: U.S. Capital Markets Expansion Strategy
U.S. CAPITAL MARKETS EXPANSION STRATEGY PCAOB audit currently underway to support anticipated Nasdaq uplisting of American Depositary Receipts (ADRs) by CYQ4 2026 Metallium established a sponsored ADR program on For personal use only A PCAOB audit is currently underway as part of the the OTCQX marke
Slide 28: Upcoming Catalysts
UPCOMING CATALYSTS Multi-Reactor FJH Demonstration Demonstration of multiple FJH reactors operating in parallel at the Texas Technology Campus, validating modular industrial scale-up Q2 2026 For personal use only Stage-1 Commercial Throughput Ramp-Up Targeting system demonstration of ~8,000 tpa PCB
Slide 29: Executive Summary
Executive Summary → Closes the Critical Metals refining gap for several Metals and Mid-Stream products → Proprietary Technology with No Direct Rival / Unique Moat For personal use only Flash Joule Heating (FJH) - no equivalent exists in commercial refining. → Economically Disruptive Metal Recovery v
Slide 30: For personal use only
For personal use only METALLIUM LIMITED | ASX:MTM — OTCQX: MTLMY (ADR) / MTMCF May 2026 | Investor Presentation
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