MTM Formally Exercises its Option for Global Licence Agreement over Flash Joule Heating

Highlights:

• Flash Metals Pty Ltd has formally exercised its Option (“FJH Option”) to license the patented Flash Joule Heating technology.
• The worldwide exclusive license will include:
  • the recovery of rare earth elements (REE’s), metals and metallic compounds from Coal Fly Ash, Bauxite Residue (Red Mud), Ores, Bitumen and Coal;
  • the use of processed coal fly ash waste for the lower carbon building materials including cement and concrete;
  • the recovery of REE, metals (including gold, silver, platinum and palladium) and metallic compounds from E-Waste (electronic equipment, consumer electronics, power tools, print circuit board, CPU’s and smartphones); and
  • the recycling of degraded or end of life Lithium-Ion Batteries to recover metals including lithium, manganese, copper, cobalt and nickel.
• Directors John Hannaford and Lachlan Reynolds visited William Marsh Rice University and KnightHawk Engineering in Houston, Texas this week to inspect the technology hub and progress on the Flash Joule Heating prototype.

MTM Managing Director, Mr Lachlan Reynolds said “We are very excited to be able to formally exercise the FJH Option and proceed to licence the Flash Joule Heating technology. The development work conducted by Rice and KnightHawk Engineering to date, which we have seen in person, has given us confidence to scale up the technology and to commercialise it. The technology applications are extremely exciting and have huge potential as the world looks to decarbonise and secure critical mineral supply chains.”

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