A bit of a blunder on my part not realising we had already spoken with the CEO here -- the name change is what threw me..

Anyway, the company is obviously a lot further progressed than it was a year ago, with first revenues expected this year, as well as some important milestones to be announced in the near term.

Feels like the tech is largely proven at this stage, it's just demonstrating the effectiveness at scale. And with a solid $82m in the bank, they seem to have a long run way.

A few good announcements could really see a big re-rate (and, of course, a big slump if things don't go to plan). But it really does seem as though the next 6-12 months will be interesting!

Here's the transcript: MTM Transcript.pdf

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.