Information
HOUSTON, Jan. 12, 2026 /PRNewswire/ -- Metallium ((ASX: MTM, OTCQX:MTMCF) – announced the company has established a Level 1 sponsored American Depository Receipts (ADR) program through the Bank of New York that commences
Original sourceAI Summary
Metallium has launched a Level 1 ADR program, trading under MTLMY, enhancing U.S. investor access. A potential NASDAQ listing targeted for Q3 2026 could further boost the company's visibility and shareholder base.
Sentiment Rationale
Historical precedence suggests ADR programs typically enhance stock liquidity and access, leading to price appreciation; similar cases in other firms have noted increased investment interest post-ADR establishment.
Trading Thesis
Bullish on MTLMY as enhanced market access may drive investor interest in the near term.
Market-Moving
- The ADR program facilitates institutional and retail investor access.
- Potential NASDAQ listing could significantly raise profile and trading volume.
- New ADR structure aims to enhance liquidity in U.S. market.
- Non-dilutive nature of the program suggests strong shareholder value retention.
Key Facts
- Metallium launches Level 1 ADR program trading as MTLMY.
- The program enhances access for U.S. investors through OTCQX platform.
- Metallium plans a potential NASDAQ listing by Q3 2026.
- Each ADR represents 20 MTM shares; program is non-dilutive.
- CEO emphasizes broadening shareholder base with U.S. expansion.
Companies Mentioned
- Bank of New York (N/A): Partnered to facilitate Metallium's ADR program for greater U.S. market access.
- Metallium Ltd. (MTM): Focused on recovering critical metals; enhanced visibility may boost share price.
Corporate Developments
This development fits into 'Corporate Developments' as it involves Metallium expanding its market presence through an ADR program, providing potential growth opportunities in the U.S.
HOUSTON, Jan. 12, 2026 /PRNewswire/ -- Metallium ((ASX: MTM, OTCQX:MTMCF) – announced the company has established a Level 1 sponsored American Depository Receipts (ADR) program through the Bank of New York that commences trading on the OTCQX platform under the ticker MTLMY today. The Company continues to carry out the preparatory work toward a potential secondary Level 2 NASDAQ listing, targeted for Q3 2026 subject to market conditions, regulatory and board approvals. (https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03045049-6A1306646&v=undefined).
Each ADR is a US security, denominated in US dollars representing 20 MTM ordinary Australian shares. The ADR program is non-dilutive and provides direct access to MTM securities for American broker-dealers, institutional and retail investors and ADRs are DTC-eligible in the U.S.
Michael Walshe, Managing Director and CEO of Metallium said, "The establishment of our ADR program and our work toward a NASDAQ listing is a natural evolution for us as a U.S.-focused industrial technology company. The ADR program expands direct access to MTM securities for American broker-dealers, institutional and retail investors, enhancing Metallium's visibility in the world's largest capital market as we broaden our shareholder base and align our capital-markets presence with our expanding U.S. operations."
Metallium Ltd. (https://www.metalliuminc.com) is pioneering a low-carbon, high efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. The company's patented Flash Joule Heating (FJH) technology enables the extraction of high-value materials, including gallium, germanium, antimony, rare earths elements and gold, from feedstocks such as refinery scrap, e-waste and monazite.
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SOURCE MTM Critical Metals Ltd.