MTM Critical Metals (ASX:MTM) said its US unit Flash Metals USA executed a 10-year offtake agreement with Indium, covering the supply of gallium, germanium, and other critical metals recovered using Metallium's Flash Joule Heating (FJH) technology, according to a Tuesday Australian bourse filing.
The company said the agreement establishes a structured commercial pathway for US-based recovery of strategic technology and defense metals, with separate discussions underway regarding the supply of feedstock materials.
Commissioning activities at the company's Gator Point Technology Campus in Chambers County, Texas, are advancing across multiple areas, with upstream pre-processing, FJH, and downstream post-processing all at varying stages of completion, the filing added.
The company's shares fell 1% in recent Tuesday trade.