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The latest announcement is out from Mt Monger Resources Ltd. ( (AU:MTM) ).
MTM Critical Metals Limited has announced a significant breakthrough in rare earth element processing using its Flash Joule Heating (FJH) technology. The advancement achieves a 93% conversion efficiency of REEs to chlorides, drastically reducing impurities and simplifying the extraction process. By offering a more environmentally friendly and cost-effective alternative to traditional methods, this technology could transform the REE industry, aligning with strategic goals to enhance domestic supply chains and reduce foreign reliance.
More about Mt Monger Resources Ltd.
MTM Critical Metals Limited operates in the critical minerals sector, focusing on the processing and extraction of rare earth elements (REEs). The company’s primary product involves the innovative use of Flash Joule Heating (FJH) technology to improve the efficiency and sustainability of REE processing, targeting the production of high-purity REE chlorides.
YTD Price Performance: -13.46%
Average Trading Volume: 8,215,079
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$91.49M
For a thorough assessment of MTM stock, go to TipRanks’ Stock Analysis page.
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