MTM is interesting. Promising tech with huge market opportunity and strategic/geopolitical tailwinds (in terms of demand and funding), $60m in the kitty and taregting cash flows in the coming 12 months.

The meeting recording is in the usual place, and the transcript is here

MTM Transcript.pdf

..but some initial thoughts:

• It holds the exclusive global licence to use Flash Joule Heating (FJH), which allegedly enables ultra-fast, low-carbon, one-step recovery of valuable metals from complex ores and waste -- avoiding the need for smelting or acid leaching.
• is focused on recovering critical and strategic metals, including rare earths. As i understand it the US has a massive shortfall in these key commodities, and that their military supply chains are embarrassingly dependent on Chinese sources, and as Michael was saying, there;'s a lot of push from the new administration to onshore a lot of this stuff as is evidenced by the DOJ funding.
• The tech is not just an ESG narrative (although there is that), but the unit economics and monetisation options for customers make it compelling in its own right
• It all really hinges on being able to successfully scale up the tech and prove the commercial viability. If that happens, this is off to the races. And, honestly, its hard not to get a bit excited about what michael was saying. But, the ASX is a graveyard for exciting companies with promising tech, which should at the very east suggest caution.