MTM Critical Metals Secures Texas Industrial Site with Option to Acquire; Shares Down 6%

MT Newswires Live

2025/05/15

MTM Critical Metals (ASX:MTM) secured a five-hectare industrial site in Texas for its first US flash joule heating metal recovery plant, with a discounted rental rate in the first year and an option to acquire in the sixth year, according to a Thursday filing with the Australian bourse.

The site is under a 15-year lease agreement, with rental payments based on market-standard rates for industrial property in the Gulf Coast region of Texas, the filing said.

The option to purchase the land can be exercised between the 61st and 67th months of the lease, per the filing.

Shares were down 6% in midday trade on Thursday.

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