Metallium Launches Level 1 ADR Program to Expand Access for U.S. Investors

Metallium Launches Level 1 ADR Program in Partnership with Bank of New York

In a significant development for U.S. investors, Metallium (ASX: MTM; OTCQX: MTMCF and MTLMY) has announced the introduction of its Level 1 American Depository Receipts (ADR) program. This new initiative aims to facilitate trading on the OTCQX platform under the ticker MTLMY, effective immediately. The company's decision aligns with its strategy to enhance its visibility and accessibility in the U.S., which is regarded as the world's largest capital market.

The establishment of this ADR program allows each depositary receipt to represent 20 ordinary shares of Metallium, directly offering a pathway for U.S. broker-dealers, institutional and retail investors to access MTM securities. Notably, the program is designed to be non-dilutive, ensuring that existing shareholders will not face dilution of their equity stakes. Furthermore, these ADRs are eligible for the Depository Trust Company (DTC) system, simplifying the transaction processes for investors in the U.S.

Michael Walshe, the Managing Director and CEO of Metallium, has expressed optimism regarding this development. He stated, "The establishment of our ADR program and our work toward a NASDAQ listing is a natural evolution for us as a U.S.-focused industrial technology company. This initiative will expand direct access to our securities, broaden our shareholder base, and align our capital markets presence with our growing U.S. operations." Walshe's optimism signals a commitment from Metallium to navigate the complexities of U.S. capital markets and cater to a wider investment audience.

In addition to the ADR program, Metallium is actively working towards a potential secondary listing on the NASDAQ, which is targeted for the third quarter of 2026, contingent upon market conditions, regulatory approvals, and the consent of the board. This move represents a significant ambition for the company as it seeks to fortify its presence in the American repository of equities.

Metallium is recognized for its innovative approach in the field of resource recovery, focusing particularly on low-carbon and high-efficiency methods to extract critical and precious metals from various sources including mineral concentrates and high-grade waste streams. The company prides itself on its proprietary Flash Joule Heating (FJH) technology, which is designed to recover valuable materials such as gallium, germanium, antimony, rare earth elements, and gold from diverse feedstocks like refinery scrap and electronic waste.

Such advancements in technology not only elevate Metallium's operational efficiency but also contribute towards sustainable and environmentally responsible practices in the industry. As the demand for critical metals continues to rise, especially amid growing technological advancements and green energy initiatives, Metallium is poised to play a crucial role in ensuring these resources are recovered efficiently and responsibly.

In conclusion, the initiation of the Level 1 ADR program embodies Metallium’s strategic efforts to increase its footprint in the U.S. investment landscape, reflecting the company's commitment to expanding its market presence while prioritizing responsible resource management. Investors and stakeholders alike will be keenly watching how these developments unfold, especially the anticipated move to the NASDAQ, as Metallium charts its path forward in an increasingly competitive market landscape.