MTM Critical Metals (ASX:MTM) reported that it recovered ultra-high-grade gold at a grade of 551 grams per tonne (g/t) and other valuable metals from metal-rich electronic waste derived from US-sourced printed circuit boards through its proprietary flash joule heating technology, according to a Tuesday Australian bourse filing.
The company also reported a 97% silver recovery at a grade of 2,804 g/t.
The processed feedstock was supplied by a US recycling partner, and commercial talks are ongoing with the partner.
The company also secured a five-year electronic waste supply agreement with Dynamic Lifecycle Innovations, beginning in the fourth quarter, and the agreement will become binding at the signing of the formal supply contract, which is anticipated over the coming weeks.
The agreement is extendable for an additional five-year term by mutual written agreement. It provides for a target annual volume of around 800 tonnes of printed circuit board-rich electronic waste material, with a minimum annual volume commitment of 700 tonnes.
The supply arrangement is exclusive for the first 700 tons per year of electronic waste.
MTM Critical Metals' shares jumped 20% in recent trading on Tuesday.
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