Cleansing Notice - Placement
Released
Released
Announcement PDF
MTM Critical Metals Limited
Suite 2, 38 Colin Street
West Perth WA 6005
Phone +61 8 6391 0112
info@mtmmetals.com.au
ABN 27 645 885 463
ASX: MTM; ATCQB: MTMCF
mtmcriticalmetals.com.au
ASX RELEASE
7 January 2025
Cleansing Notice – Section 708A(5)(e) and 708A(6)
MTM Critical Metals Limited (ASX: MTM) (“MTM” or “the Company”) has issued 51,724,138 ordinary fully paid
shares (Shares) (the Securities) as follows:
Transaction
Placement
Number of Shares
51,724,138
Application for quotation of Securities by way of an Appendix 2A’s has been lodged with ASX in respect of these
Securities.
The issue of the Securities represent the Placement announced 23 December 2024. The Placement Shares were
issued at an issue price of $0.145 per Share which was received prior to allotment.
In accordance with Section 708A(6) of the Corporations Act 2001 (Cth) (the Act), the Company notifies ASX that:
(a)
the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;
(b)
this notice is given pursuant to section 708A(5)(e) of the Act;
(c)
as at the date of this notice, the Company has complied with:
i. the provisions of Chapter 2M of the Act as they apply to the Company; and
ii. sections 674 and 674A of the Act; and
(d)
as at the date of this notice, there is no information:
i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing
Rules; and
ii. that investors and their professional advisors would reasonably require for the purpose of making
an informed assessment of:
A. the assets and liabilities, financial position and performance, profits and losses and
prospects of the Company; or
B. the rights and liabilities attaching to the Shares.
This announcement has been authorised for release by the Board of Directors.
For further information, please contact:
Michael Walshe
Managing Director & Chief Executive Officer
MTM Critical Metals Ltd
+61 (0)8 6391 0112
info@mtmcriticalmetals.com.au
Media Contact
David Tasker
Chapter One Advisors
+61 (0)433 112 936
dtasker@chapteroneadvisors.com.au
Engage with this announcement on our investor hub
Engage with this announcement on our investor hub: https://investorhub.mtmcriticalmetals.com.au/announcements
ABOUT MTM CRITICAL METALS LIMITED
MTM Critical Metals Limited is an ASX-listed company located in Perth, Western Australia, with a dual focus on metal recovery
technology development & mineral exploration. MTM’s 100%-owned USA subsidiary is Flash Metals USA Inc, based in Texas,
USA. MTM possess exclusive licensing rights to the innovative Flash Joule Heating technology, a cutting-edge metal recovery
and mineral processing method developed by esteemed researchers at Rice University, USA. Additionally, MTM holds
exploration assets prospective for niobium (Nb), rare earth elements (REE), and gold, strategically located in Western Australia
and Québec.
Flash Joule Heating (FJH) is an advanced electrothermal process that enhances metal recovery and mineral processing
compared to traditional methods. By rapidly heating materials in a controlled atmosphere, FJH efficiently extracts
metals like lithium from spodumene, gallium from scrap, and gold from e-waste, among others. This technology has
the potential to revolutionise metal recovery by reducing energy consumption, reagent use, and waste, offering a more
economical and environmentally friendly alternative.
MTM’s West Arunta Nb-REE exploration assets are situated in one of Australia’s premier exploration hotspots, where
over $60 million has been invested by ASX-listed companies such as WA1 Resources, Encounter Resources, Rio Tinto
(in JV with Tali Resources), and IGO Limited. MTM also holds tenements in other key mineral regions across Western
Australia, including the Mukinbudin Nb-REE Project, East Laverton Gold & Base Metals Project, and Mt Monger Gold
Project. In Québec, the Pomme Project is a highly promising carbonatite intrusion rich in REE and niobium, located
near the world-class Montviel deposit.
The learn more, visit:
Website:
https://www.mtmcriticalmetals.com.au/
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