MTM Critical Metals (ASX:MTM) executed a letter of intent for a five-year supply agreement for processed electronic scrap, rich in printed circuit board components, with Plastic Recycling, for the recovery of gold and other metals via its flash joule heating technology, according to a Thursday Australian bourse filing.
Processed electronic scrap is a high-metal-content fraction of electronic waste generated after the removal of non-metallic materials such as fiberglass and plastics.
The letter of intent with the US-based firm is expected to convert into a binding contract in the coming weeks. The agreement targets volumes of up to 400 tonnes per annum of processed electronic scrap with a minimum annual volume commitment of up to 300 tonnes.
An earlier supply agreement with Dynamic Lifestyle Innovations takes its secured printed circuit board-rich electric waste supply to over 1,100 tonnes per year.
Its one-tonne-per-day flash joule heating demonstration plant is scheduled for commissioning in the fourth quarter. The firm plans to continue to finalize and formalize offtake and feedstock agreements with additional partners across the US, Japan, Taiwan, and Europe.
MTM Critical Metals' shares soared over 11% in recent trading on Thursday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。