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HOUSTON - Metallium, Ltd. (ASX:MTM; OTCQX:MTMCF), whose stock has surged over 1,370% in the past year according to InvestingPro data, announced Thursday the appointment of Travis Langster to the Advisory Board of its U.S. subsidiary Flash Metals USA.
Langster previously served as Deputy Assistant Secretary of Defense for International & Industry Equipment, where he led efforts to modernize the U.S. defense industrial base. He also held the position of Principal Director of Space and Missile Defense Policy, contributing to the launch of the Department of Defense’s Commercial Space Integration Strategy in April 2024.
Michael Walshe, Managing Director and CEO of Metallium, stated that Langster’s "combination of leadership, international policy expertise and strong industry connections across the electronics and semiconductor supply chains is invaluable" as the company commercializes its Flash Joule Heating technology in the U.S.
Flash Metals USA, a wholly-owned subsidiary of Metallium, is developing its first commercial plant near Houston, with options on additional facilities in Massachusetts and Virginia. The $293 million market cap company, which maintains a strong liquidity position with a current ratio of 6.94, focuses on extracting critical minerals including gallium, germanium, antimony, rare earth elements, and gold from various feedstocks.
This appointment follows the recent addition of Greg Bowman to the Advisory Board, according to the company’s press release statement.
Langster noted the "urgent need to secure resilient, sustainable supply chains for critical and strategic materials, particularly for the electronics and defense sectors" in the United States and allied countries. For deeper insights into Metallium’s financial health and growth prospects, including 12 additional exclusive ProTips, visit InvestingPro to access the comprehensive Pro Research Report.
In other recent news, MTM Critical Metals Ltd, which will soon be renamed Metallium Ltd, has begun trading on the OTCQX Best Market. The company upgraded from the OTCQB Venture Market, marking a significant step in its U.S. capital markets strategy. This move is aimed at enhancing the company’s visibility and accessibility for North American investors. MTM Critical Metals focuses on the recovery of critical metals, and this upgrade is considered a milestone in its efforts to engage with a broader investor base. While there are no new earnings or revenue reports available at this time, the upgrade itself is a noteworthy development. The company’s decision to trade on the OTCQX Best Market reflects its commitment to expanding its presence in the U.S. financial markets. There have been no recent reports of mergers or acquisitions involving MTM Critical Metals. Additionally, there are no new analyst upgrades or downgrades to report.
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