Metallium Ignites 18% Rally With CEO Buy-Up and Accelerating Nasdaq Play

Metallium (ASX: MTM) delivered some strong news today, standing out amid a market that’s been seeing capital outflows from tech and speculative names. While many investors are retreating to safer ground, this feels like one of those moments to keep a close eye on companies that are quietly making real commercial and financial progress, and Metallium fits that description.

Recently, CEO Michael Walshe showed confidence by purchasing A$100,000 worth of shares on-market, and today the company announced plans to launch a sponsored ADR program on the US OTC market in early 2026, followed by a targeted Level 2 Nasdaq listing by Q3 2026. BNY Mellon has been appointed as the depositary bank, and the company confirmed that this listing will not involve a direct capital raise.

This move could significantly broaden Metallium’s investor base and visibility with North American institutions, without diluting existing shareholders. It’s a smart strategic step, one that signals ambition and confidence in the company’s growth trajectory while maintaining focus on its ASX foundation.

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Metallium Secures Path to Scale, Targets US Capital Markets as Texas Plant Ramps Up

The significance of this announcement for investors is that Metallium now has a clear funding roadmap for near-term execution. Its Texas demonstration facility is targeting Level 1 operations at 8,000 tonnes per annum of printed circuit board and e-waste processing, with plans to scale up to Level 2 capacity of 16,000 tonnes per annum.

Strategically, Metallium sits squarely within US federal priorities to strengthen domestic processing and recycling supply chains. The recent successful processing of a 25kg FJH sample from raw ore at NFM marks an encouraging step toward demonstrating rare earth processing capability. While the company still needs to expand its commercial feedstock inputs, this progress positions Metallium as a strong potential candidate for future US federal funding and partnership programs.

The planned Nasdaq listing positions Metallium alongside leading US critical mineral processors, where institutional and investor interest has been steadily increasing. Access to the US capital market, the world’s largest, could provide MTM with a significant advantage when it comes to future equity raises, supporting the funding needs of its Level 2 expansion plans in Texas.

The investor’s takeaway for MTM

Many investors are hearing more about the clean energy transition driven by clean technology and critical mineral processing, which have seen a wave of capital inflows in the US, which means MTM could benefit from higher valuation multiples once it gains exposure to that investor base. The ADR program will also make MTM shares more accessible to US institutions, allowing them to trade in USD during US market hours.

Given MTM’s plan to scale up its demonstration facility, this timing could not be better. It strengthens both validation and eligibility for future funding, positioning the company as a credible US-focused processing technology player while maintaining its ASX foundation. The key risks investors should monitor include MTM’s ability to successfully scale operations, deliver consistent high-yield outputs from rare earth recovery, and manage the capital demands of future growth phases.