Mei De Lim ( MTLMY ), accelerating core metal recycling in Texas, USA... FJH commercialization and NASDAQ listing review

American industrial technology company Metallium is rapidly expanding its critical metals recycling business centered around the Gator Point Technology Park in Texas. The company is leveraging its proprietary “Fast Joule Heating” technology to accelerate its growth strategy, including establishing a commercial base in the U.S. and enhancing access to capital markets.

Recently, Metallium announced that after acquiring a factory in Chambers County, Texas, it is transforming it into a demonstration and early commercial production center in the U.S. This facility will serve as a core demonstration site based on the “Fast Joule Heating” technology. The company aims to operate three FJH reactors in parallel by June 2026. Once completed, a first-phase commercial production system capable of processing approximately 8,000 tons of PCF raw materials annually will be established.

Metallium’s FJH technology is characterized by its ability to recover “strategic metals” such as gallium, germanium, antimony, rare earths, and gold from various high-concentration raw materials, including refining residues, electronic waste, and xenotime. The technology rapidly heats materials by passing strong electric currents for a short period, extracting metals efficiently. The company describes it as a “low-carbon metal recovery technology” that reduces carbon emissions and improves efficiency compared to traditional processes.

The company is also expanding in capital markets. Metallium announced that on January 21, 2026, it successfully raised AUD 75 million through a strategic financing involving U.S. institutional investors. The oversubscribed offering was priced at AUD 0.84 per share. The funds will be used to accelerate commercialization at the Gator Point Technology Park in Texas, expand U.S. operations, and develop the ADR project. The company also highlighted its supply agreement with Glencore to secure raw materials.

Previously, Metallium partnered with Bank of New York Mellon to launch the “Level 1 ADR” program. The ADR has been trading on the OTCQX market under the ticker MTLMY since January 12, 2026, with each ADR representing 20 shares of MTM Australia common stock. The company explained that this ADR structure is designed to be non-dilutive, aiming to improve accessibility for U.S. brokers, institutional investors, and individual investors.

To further expand its presence in the U.S. capital markets, Metallium is considering a “Nasdaq listing (Level 2)” in Q3 2026. The company’s strategy is to leverage the construction of its Texas-based technology hub and the active trading of its ADRs to increase its influence in the U.S. critical metals recycling industry. Industry experts believe that, amid growing demand in semiconductors and advanced industries, and increasing competition for “critical minerals” like gallium and rare earths, Metallium’s commercialization of its technology could play a significant role in future markets.