Metallium (ASX:MTM) secures binding Glencore e scrap supply as U.S. commissioning advances

Metallium has taken a decisive step from development into execution with the signing of its first binding feedstock supply agreement in the United States, securing contracted electronic scrap volumes from Glencore to underpin commissioning and scale up of its Flash Joule Heating platform.

The agreement provides the operational certainty required to move beyond pilot activity and establish a commercial processing base at the company’s Technology Campus in Texas.

Highlights

• Binding multi year supply agreement executed with Glencore covering up to 2,400 tonnes per annum of electronic scrap into Metallium’s U.S. operations
• First binding feedstock contract, marking the transition from development into commercial commissioning and execution
• Feedstock certainty supports predictable reactor utilisation and future multi line deployment of Flash Joule Heating processing lines
• Agreement follows technical and commercial collaboration under the previously announced MOU
• Metallium and Glencore continue to progress a separate binding offtake agreement for recovered metal products

Securing contracted feedstock is fundamental to the viability of any processing technology at the point of commissioning, and Metallium’s agreement with Glencore directly addresses this requirement by providing secure, long term access to electronic scrap during commissioning and initial commercial scale processing campaigns.

The supply arrangement delivers throughput certainty, enabling stable mass balance planning and consistent reactor utilisation across the company’s U.S. facilities.

The agreement is executed through Metallium’s wholly owned subsidiary Flash Metals USA Inc and represents the company’s first binding feedstock supply contract.

Volumes of up to 2,400 tonnes per annum of shredded electronic scrap have been contracted, with delivery scheduling to be agreed separately.

The agreement runs from January 1, 2026 to December 31, 2026, with annual extensions on an evergreen basis by mutual agreement, and allows for future expansion of tonnages by mutual agreement as processing capacity increases.

From a commercial perspective, payment for recovered metal content will be determined by reference to established market benchmarks including the London Bullion Market Association, London Metals Exchange or Fastmarkets MB, depending on the metal.

Settlement weights and assays will be determined at the seller’s sampling facility, with seller weights and assays governing final settlement, while the agreement does not contain take or pay obligations and shipment scheduling will be agreed between the parties in the ordinary course.

The strategic context is shaped by the growing importance of domestic recycling of high value electronic waste streams in the United States.

Printed circuit boards represent one of the highest value waste streams globally, containing elevated concentrations of gold, silver, palladium and copper relative to most primary ores.

The announcement notes that the U.S. has historically relied on exporting PCB scrap offshore due to limited domestic processing capacity, resulting in long logistics chains and reduced transparency for downstream customers.

Metallium’s Flash Joule Heating platform is positioned as a modular, electrically driven alternative to conventional smelting, capable of rapidly liberating metals from complex waste matrices and producing consistent metal bearing intermediates from PCB rich and related technology waste streams.

With commissioning underway at the Texas Technology Campus, the company is establishing the operational foundations required to support near term commercial processing in the United States.

Management has framed the agreement as a defining commercial milestone rather than a symbolic partnership.

Managing Director and CEO Michael Walshe said,

“This is a defining moment for Metallium. Our first binding supply agreement gives us exactly what every processing technology company needs most: consistent, secure, high quality feedstock,”

noting that Glencore’s commitment allows commissioning and scale up to proceed with confidence while validating the company’s technology and U.S. strategy.

While commercial terms beyond contracted volumes remain confidential, Metallium has confirmed that these terms are customary for Glencore secondary materials supply arrangements and do not alter the strategic significance of the agreement.

With delivery scheduling, commissioning campaigns and offtake finalisation now in focus, the agreement establishes Metallium’s commercial operating base in the United States as the company moves into execution within the evolving U.S. critical materials recycling landscape.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.