Australia's Metallium soars to record high on Glencore MoU

Metallium

02/10/2025 01:44

** Shares of Metallium MTM.AX rise as much as 30.3% to a record high of A$1.485

** The critical metals explorer's U.S. unit inks memorandum of understanding (MoU) with miner Glencore's GLEN.L unit

** MoU creates framework for potential collaboration in electronic scrap supply and metal offtake in the U.S.

** Metallium stock has gained more than five-fold in value so far this year

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))