{"id":7145,"date":"2024-03-14T00:41:49","date_gmt":"2024-03-14T00:41:49","guid":{"rendered":"https:\/\/economicherald.net\/?p=7145"},"modified":"2024-03-14T00:41:49","modified_gmt":"2024-03-14T00:41:49","slug":"licence-to-extract-mtm-critical-metals-exercises-option-over-ground-breaking-technology","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7145","title":{"rendered":"Licence to extract: MTM Critical Metals exercises option over ground-breaking technology"},"content":{"rendered":"<p>MTM Critical Metals exercises option to license Flash Joule Heating technology<br \/>\nFJH has the potential to extract critical minerals from natural mineralisation and waste material<br \/>\nProcess uses rapid and intense heating to volatilise metals directly or make them more amenable to extraction with conventional acid leaching<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> MTM Critical Metals has exercised its option to licence the patented Flash Joule Heating technology which can extract critical minerals such as rare earths, titanium, nickel, cobalt and lithium from waste material.<\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/mtm-critical-metals-mtm\/\"><strong>MTM Critical Metals (ASX:MTM)<\/strong><\/a> secured the option after <a href=\"https:\/\/stockhead.com.au\/resources\/mtm-picks-up-niobium-ree-project-in-was-west-arunta-region\/\"><strong>acquiring private firm Flash Metals<\/strong><\/a>\u00a0late last year via a binding purchase and sale agreement, adding three granted exploration licences in the remote but mineral-rich West Arunta region.<\/p>\n<p>Flash Joule Heating (FJH) is an early-stage processing technology developed by Rice University in Houston, USA. The Rice University research team who have developed the technology have had previous success with tech commercialisation, notably prolific public semiconductor IP technology company\u00a0<a href=\"https:\/\/stockhead.com.au\/company\/weebit-nano-wbt\/\"><strong>Weebit Nano (ASX: WBT)<\/strong><\/a>.<\/p>\n<p>The tech is designed to extract critical metals like REE, nickel, cobalt and lithium from natural mineralisation and from waste material \u2013 including lithium-ion batteries, eWaste, Coal Fly Ash (CFA) produced by coal-fired power stations, or \u2018red mud\u2019 derived from bauxite processing in the aluminium industry.<\/p>\n<p>It uses rapid and intense electrical heating of material to volatilise metals directly or make them more amenable to extraction with conventional acid leaching.<\/p>\n<p>Laboratory testing has shown these processes may be done with less heat and reagents than would traditionally be required in current proven processes for the same metals.<\/p>\n<p>Test work is being carried out to demonstrate whether FJH is scalable and able to both directly recover critical metals and make the materials more amenable to metal recovery.<\/p>\n<p>Importantly for MTM, it could have the potential to unlock value from otherwise economically marginal REE deposits.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Worldwide exclusive licence<\/strong><\/h2>\n<p>Under the exercised option, MTM will enter into a joint research and development agreement with the inventors, with both parties using their best endeavours to complete and execute a worldwide exclusive licence by 20 May 2024.<\/p>\n<p>The worldwide exclusive licence will grant MTM the right to use FJH for the following purposes:<\/p>\n<p>Recover REEs, metals and metallic compounds from coal fly ash, red mud, ores, bitumen and coal;<br \/>\nThe use of processed coal fly ash waste for the lower carbon building materials including cement and concrete;<br \/>\nRecovering REE, metals (including gold, silver, platinum and palladium) and metallic compounds from E-Waste (electronic equipment, consumer electronics, power tools, print circuit board, CPU\u2019s and smartphones); and<br \/>\nRecycling of degraded or end of life lithium-ion batteries to recover metals including lithium, manganese, copper, cobalt and nickel.<\/p>\n<p>\u201cWe are very excited to be able to formally exercise the FJH Option and proceed to licence the Flash Joule Heating technology,\u201d MTM managing director Lachlan Reynolds said.<\/p>\n<p>\u201cThe development work conducted by Rice University and KnightHawk Engineering to date, which we have now seen in person, has given us confidence to scale up the technology and to commercialise it.<\/p>\n<p>\u201cThe technology applications are extremely exciting and have huge potential as the world looks to decarbonise and secure critical mineral supply chains.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with MTM Critical Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/licence-to-extract-mtm-critical-metals-exercises-option-over-ground-breaking-technology\/\">Licence to extract: MTM Critical Metals exercises option over ground-breaking technology<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>MTM Critical Metals exercises option to license Flash Joule Heating technology FJH has the potential to extract critical minerals from natural mineralisation and waste material <a href=\"https:\/\/economicherald.net\/?p=7145\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7146,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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