Metallium Signs Binding Letter of Intent with ElementUSA to Collaborate on Recovery of Gallium and Scandium from Red Mud in Louisiana Including Up to US$10 million in Non-Dilutive Funding to Metallium for the Initial Deployment of Company's FJH Technology

HOUSTON, Dec. 12, 2025 /PRNewswire/ -- Metallium (ASX: MTM; OTCQX: MTMCF), through its 100% owned subsidiary Flash Metals USA, Inc. has executed a binding Letter of Intent with ElementUSA to collaborate on the recovery of gallium and scandium from red mud in Louisiana. The LOI includes up to US$10.1 million in non-dilutive funding for initial deployment of Metallium's Flash Joule Heating technology and a commercial framework covering license fees, royalties and revenue share. The collaboration will support ElementUSA's initiative to develop a demonstration facility in Gramercy, Louisiana to separate and purify gallium and scandium from industrial waste, including red mud. Additional information is available here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03036662-6A1303028&v=undefined.