Metallium Ltd Secures Binding E‑Scrap Supply Agreement with Glencore

Metallium Ltd (ASX: MTM) announced on 5 January 2026 that its U.S. subsidiary, Flash Metals USA Inc., has entered into a binding electronic‑scrap (e‑scrap) supply agreement with Glencore. The agreement, disclosed in an ASX announcement dated 4 January 2026, establishes a framework for the procurement of e‑waste feedstock that will be processed for the recovery of metals.

The deal positions Metallium to expand its supply chain in the United States and supports the company’s broader strategy of acquiring, exploring, and mining rare‑earth elements, gold, lithium, nickel and other base metals in Western Australia, the Goldfields and Ravensthorpe districts, and the Abitibi region of Quebec, Canada.

Key elements of the agreement include:

  • Binding nature – The contract is legally enforceable, guaranteeing a continuous supply of e‑scrap to Flash Metals USA for the agreed period.
  • Scope of supply – Glencore will provide e‑scrap materials that can be processed by Metallium’s operations, potentially enhancing the volume of recoverable metals.
  • Strategic alignment – The partnership aligns with Metallium’s focus on critical metals and aligns with global demand for recycled metal feedstocks.

Financial context for Metallium as of 1 January 2026 shows a closing price of AUD 1.065, a 52‑week high of AUD 1.485 and a 52‑week low of AUD 0.12. The company’s market capitalization is AUD 668 million, and its price‑earnings ratio is negative at –13.22, reflecting its exploration‑phase status and investment focus.

The announcement has attracted attention from market observers, with coverage appearing across several financial outlets, including themarketonline.com.au, mining.com.au, finnewsnetwork.com.au, and smallcaps.com.au. The deal was also noted in the broader context of daily market trends on HotCopper and other small‑cap platforms.

Metallium’s leadership has emphasized that the e‑scrap agreement will provide a stable input stream for its metallurgical processes, potentially reducing procurement volatility and supporting future scaling of production. The company has stated that it will continue to explore additional feedstock opportunities while advancing its exploration projects in Australia and Canada.

The partnership with Glencore is expected to enhance Metallium’s operational capabilities and contribute to its long‑term objective of establishing a robust supply chain for critical metals.