MTM Critical Metals Signs MOU with Vendanta Ltd. to Pioneer Alumina Waste Recycling
MTM Critical Metals (MTMCF) has signed a non-binding memorandum of understanding with Vendanta to explore the use of MTM's patented Flash Joule Heating (FJH) Technology for recycling red mud (bauxite tailings) waste.
The collaboration aims to recover valuable metals including iron, alumina, titanium, gallium, scandium, and rare earths from Vendanta's red mud deposits. Initial pilot studies have already demonstrated successful iron reduction. The processed material could also be used to manufacture 'green' cement with a lower CO2 footprint.
The 12-month MOU involves no immediate financial obligations. Future agreements will address feedstock supply, processing costs, revenue-sharing, and licensing arrangements based on technical and commercial viability assessments. Globally, over 4 billion tons of red mud waste containing valuable metals currently sit in hazardous tailings deposits.
MTM Critical Metals (MTMCF) ha firmato un memorandum d'intesa non vincolante con Vendanta per esplorare l'uso della tecnologia brevettata di MTM, il Flash Joule Heating (FJH), per il riciclo dei rifiuti di fango rosso (residui di bauxite).
La collaborazione mira a recuperare metalli preziosi, tra cui ferro, allumina, titanio, gallio, scandio e terre rare, dai depositi di fango rosso di Vendanta. Studi pilota iniziali hanno già dimostrato una riduzione efficace del ferro. Il materiale trattato potrebbe anche essere utilizzato per produrre cemento 'verde' con un'impronta di CO2 ridotta.
Il memorandum d'intesa di 12 mesi non comporta obblighi finanziari immediati. Gli accordi futuri affronteranno la fornitura di materie prime, i costi di lavorazione, la condivisione dei ricavi e gli accordi di licenza sulla base di valutazioni di fattibilità tecnica e commerciale. A livello globale, oltre 4 miliardi di tonnellate di rifiuti di fango rosso contenenti metalli preziosi si trovano attualmente in depositi di scorie pericolose.
MTM Critical Metals (MTMCF) ha firmado un memorando de entendimiento no vinculante con Vendanta para explorar el uso de la tecnología patentada de MTM, el Flash Joule Heating (FJH), para el reciclaje de residuos de lodo rojo (colas de bauxita).
La colaboración tiene como objetivo recuperar metales valiosos, incluyendo hierro, alúmina, titanio, galio, escandio y tierras raras, de los depósitos de lodo rojo de Vendanta. Los estudios piloto iniciales ya han demostrado una reducción exitosa del hierro. El material procesado también podría utilizarse para fabricar cemento 'verde' con una menor huella de CO2.
El memorando de entendimiento de 12 meses no implica obligaciones financieras inmediatas. Los futuros acuerdos abordarán el suministro de materia prima, los costos de procesamiento, la distribución de ingresos y los acuerdos de licencia basados en evaluaciones de viabilidad técnica y comercial. A nivel mundial, más de 4 mil millones de toneladas de residuos de lodo rojo que contienen metales valiosos se encuentran actualmente en depósitos de colas peligrosos.
MTM Critical Metals (MTMCF)는 Vendanta와 비구속적인 양해각서를 체결하여 MTM의 특허 기술인 Flash Joule Heating (FJH)을 사용하여 적토(바우사이트 폐기물)를 재활용하는 방안을 탐색합니다.
이번 협력의 목표는 Vendanta의 적토 매립지에서 철, 알루미나, 티타늄, 갈륨, 스칸듐, 희토류 등 귀중한 금속을 회수하는 것입니다. 초기 파일럿 연구에서는 철 감소가 성공적으로 입증되었습니다. 처리된 재료는 CO2 발자국이 낮은 '친환경' 시멘트 제작에도 사용될 수 있습니다.
12개월 동안의 양해각서는 즉각적인 재정적 의무가 없습니다. 향후 계약은 원료 공급, 처리 비용, 수익 분배 및 기술적 및 상업적 타당성 평가에 따른 라이센스 계약을 다룰 것입니다. 전 세계적으로 40억 톤 이상의 귀중한 금속을 포함한 적토 폐기물이 현재 위험한 폐기물 매립지에 존재합니다.
MTM Critical Metals (MTMCF) a signé un protocole d'accord non contraignant avec Vendanta pour explorer l'utilisation de la technologie brevetée de MTM, le Flash Joule Heating (FJH), pour le recyclage des déchets de boue rouge (résidus de bauxite).
La collaboration vise à récupérer des métaux précieux, notamment fer, alumine, titane, gallium, scandium et terres rares, à partir des dépôts de boue rouge de Vendanta. Des études pilotes initiales ont déjà démontré une réduction réussie du fer. Le matériau traité pourrait également être utilisé pour fabriquer du ciment 'vert' avec une empreinte carbone réduite.
Le protocole d'accord de 12 mois n'implique aucune obligation financière immédiate. Les futurs accords aborderont l'approvisionnement en matières premières, les coûts de traitement, le partage des revenus et les accords de licence basés sur des évaluations de faisabilité technique et commerciale. À l'échelle mondiale, plus de 4 milliards de tonnes de déchets de boue rouge contenant des métaux précieux se trouvent actuellement dans des dépôts de résidus dangereux.
MTM Critical Metals (MTMCF) hat ein unverbindliches Memorandum of Understanding mit Vendanta unterzeichnet, um die Verwendung der patentierten Flash Joule Heating (FJH) Technologie von MTM zur Wiederverwertung von rotem Schlamm (Bauxit-Rückständen) zu erkunden.
Die Zusammenarbeit zielt darauf ab, wertvolle Metalle wie Eisen, Alumina, Titan, Gallium, Scandium und Seltene Erden aus den roten Schlammablagerungen von Vendanta zurückzugewinnen. Erste Pilotstudien haben bereits eine erfolgreiche Eisenreduktion gezeigt. Das verarbeitete Material könnte auch zur Herstellung von 'grünem' Zement mit einem geringeren CO2-Fußabdruck verwendet werden.
Das 12-monatige MOU beinhaltet keine sofortigen finanziellen Verpflichtungen. Zukünftige Vereinbarungen werden die Rohstoffversorgung, Verarbeitungskosten, Umsatzbeteiligung und Lizenzvereinbarungen basierend auf technischen und kommerziellen Machbarkeitsbewertungen behandeln. Weltweit lagern über 4 Milliarden Tonnen roter Schlamm, der wertvolle Metalle enthält, derzeit in gefährlichen Rückstandsdeponien.
- Successfully demonstrated FJH technology's ability to reduce iron in pilot studies
- Access to massive market opportunity with 4+ billion tons of global red mud waste
- Potential revenue streams from metal recovery and green cement production
- Partnership with major industry player Vendanta
- Non-binding MOU with no guaranteed financial terms
- No immediate revenue generation from the agreement
- Technology still in pilot phase, requiring further validation
- Commercial viability yet to be proven
Under the terms of the non-binding MOU, MTM will collaborate with Vendanta to explore use of their proprietary, patented Flash Joule Heating (FJH) Technology to recycle Vendanta's Red Mud (bauxite tailings) and recover valuable metals, including iron, alumina, titanium, gallium, scandium, rare earths that are "locked up" by the iron.
"Since our technology can recover the iron, once that is removed, recovery of remaining valuable metals in the red mud will be possible and can be used as raw material for the manufacture of 'green' cement. Red mud is viewed as a great cement additive," explained MTM Managing Director and CEO Michael Walshe. "If iron can be removed to a certain level, the resulting 'green' cement will have a lower CO2 footprint verses traditional material."
MTM has already demonstrated that its FJH process can reduce iron from Vendanta-supplied red-mud in pilot studies. Next steps will focus on recovery of residual alumina, titanium and other metals from Vendanta's red mud.
Globally, red mud is a significant waste problem. More than four billion tons currently sit in 'hazardous' tailings deposits with millions of tons of valuable contained metals still encapsulated in these stockpiles. "This effort represents a significant new opportunity for our process," affirmed Walshe.
There are no financial obligations or payments stipulated under this non-binding MOU; the collaboration is structured to assess technical feasibility and commercial viability, with potential future agreements to define any financial considerations including feedstock supply, processing costs, revenue-sharing and licensing arrangements to be considered following this pilot program. The MOU will remain in effect for 12 months from signing unless extended by mutual agreement.
A full announcement on this MOU has been filed with the ASX and can be found here: https://investorhub.mtmcriticalmetals.com.au/announcements/6861110
MTM Critical Metals, Ltd. (https://www.mtmcriticalmetals.com.au), with offices in
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SOURCE MTM Critical Metals
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