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HOUSTON - MTM Critical Metals Ltd (ASX:MTM; OTCQX:MTMCF), which will soon be renamed Metallium Ltd, began trading on the OTCQX Best Market on Thursday, upgrading from the OTCQB Venture Market. The company’s stock has shown remarkable performance, delivering a 1,548% return over the past year according to InvestingPro data, with its market capitalization now reaching $185 million.
The company, focused on critical metals recovery, stated this upgrade represents a milestone in its U.S. capital markets strategy by improving visibility and accessibility for North American investors.
Michael Walshe, Managing Director & CEO, said the move allows easier trading for U.S. shareholders, particularly enabling share purchases in U.S. dollars during local market hours. The company is also evaluating instituting a Level 1 ADR program to further improve U.S. investor accessibility.
According to the press release, MTM’s U.S. subsidiary, Flash Metals USA Inc, has secured its first commercial site in Texas. The facility aims to recover materials including gallium, germanium, rare earth elements, gold and silver from mineral concentrates and e-waste using Flash Joule Heating technology.
The company recently completed a $50 million institutional capital raise as it works toward commercialization in the U.S. InvestingPro data shows MTM maintains strong liquidity with a current ratio of 6.94 and operates with minimal debt, though it’s currently not profitable with negative EBITDA of $3.67 million in the last twelve months.
MTM Critical Metals specializes in a patented thermal method to recover critical and strategic metals from waste and ore without acids or smelting. The company describes its approach as low-carbon and high-efficiency, with its platform being modular and low-emission.
The OTCQX Market is operated by OTC Markets Group Inc. and is reserved for companies meeting specific financial and corporate governance standards. For deeper insights into MTM’s financial health and growth prospects, including 8 additional key ProTips and comprehensive valuation metrics, investors can access the detailed Pro Research Report available on InvestingPro.
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