MTM Critical Metals Inks Partnership with Vedanta to Use Flash Joule Heating Technology.

THE BOURSE WHISPERER: MTM Critical Metals (ASX: MTM) has struck a Memorandum of Understanding (MoU) for the application of the company’s proprietary Flash Joule Heating (FJH) technology.

MTM Critical Metals landed the deal with Vedanta Limited (NSE: VEDL), a leading global aluminium producer.

Vendanta will apply the FJH technology for Red Mud (RM) recycling — extracting critical metals while investigating its potential in carbon-reduced cement production.

“This MoU with Vedanta represents a major breakthrough for MTM in the global aluminium industry where no commercially viable recycling solution currently exists for Red Mud,” MTM Critical Metals managing director and CEO Michael Walshe said in the company’s ASX announcement.

“With billions of tonnes of Red Mud stockpiled globally, our FJH technology unlocks its potential — initially producing a product suitable for green cement, with a subsequent ‘Stage 2’ focus on recovering valuable critical metals.”

Vedanta Limited is a global resources powerhouse with a market capitalisation of approx. US$20 billion and FY2024 revenues of approx. US$17 billion.

Vedanta is India’s largest aluminium producer and a global company in metals and mining, with operations spanning aluminium, zinc, copper, iron ore, and oil & gas.

The company operates one of the world’s largest alumina refineries in Lanjigarh, Odisha, and has actively explored Red Mud (RM) utilisation strategies as part of its sustainability initiatives.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE