Metallium (ASX:MTM) secured contracts covering 50% of its first-stage throughput target of 8,000 tonnes per year of printed circuit board feedstock for US operations, according to a Wednesday filing with the Australian bourse.

The company is targeting a contracted base of roughly 70% of the first-stage target, while retaining about 30% exposure to spot market procurement, the filing said.

Meanwhile, commissioning at the company's Texas Technology Campus is currently underway, per the filing.

Metallium shares fell 1% in midday trade on Wednesday.