Metallium

Be first to know our latest company updates

Watch exclusive videos accompanying major news

Videos

Reports and Presentations

Invest

Updates

Announcements

Home

Meet the Team

Nunito Sans

Metallium Ltd InvestorHub

upload.jpg

Pitt Street Research 22.07.2025.pdf

We’re pleased to share Pitt Street Research’s latest update on Metallium Ltd (ASX: MTM), published earlier today following our official name change from MTM Critical Metals.

This is Pitt Street’s third report on Metallium since initiating coverage in October 2024, and it marks a significant milestone in our journey.

Valuation uplift: Pitt Street has lifted its base case valuation to A$1.50/share and bull case to A$1.96/share, citing strong execution and commercial momentum. This represents a ~12x uplift since initiation.

Pilot plant milestone: Our 1 tonne-per-day demonstration facility in Chambers County, Texas is on track for commissioning by end-2025, following site acquisition, permitting and detailed engineering.

Commercial rollout: Backed by a $50M institutional placement, we’re positioned to expand across additional U.S. states in 2026.

Strategic partnerships: Multiple feedstock and processing agreements signed, including Indium Corporation, Vedanta, Dynamic Lifecycle Innovations, and Meteoric Resources.

Advisory board strengthened: Gregory L. Bowman, CSO of Siemens Government Technologies, has joined as a senior U.S. advisor, bringing deep experience in national security and critical minerals.

“It has been no accident. It has been because of the company’s progress.”
— Pitt Street Research, 22 July 2025

Latest Update from Pitt Street Research on Metallium