MTM Shares Jump 28% Amid Spotlight from George Gilder’s Rare Earths Report
MTM Critical Metals has clarified that recent spikes in its share price and trading volume are linked to an external US technology report, not undisclosed company information. The company reaffirms ongoing progress in its Flash Joule Heating technology and supply agreements.
- No undisclosed material information explaining recent trading
- Trading influenced by George Gilder’s 'Gilder’s Technology Report'
- Recent supply agreements and technology milestones highlighted
- Ongoing development of Flash Joule Heating demonstration module and pilot plant
- Confirmed compliance with ASX continuous disclosure rules
MTM Responds to ASX Price and Volume Query
MTM Critical Metals Limited (ASX: MTM) has addressed an ASX inquiry following a notable increase in its share price and trading volume on 8 May 2025. The company confirmed it holds no undisclosed material information that could explain the recent market activity, reassuring investors of its compliance with continuous disclosure obligations under ASX Listing Rule 3.1.
External Report Sparks Market Interest
MTM attributed the surge in trading to a report authored by US technologist George Gilder, published in the subscriber-only "Gilder’s Technology Report." The report, titled "Getting Rich from the Coming Glut of ‘Rare Earths,'" mentions MTM’s Flash Joule Heating technology, which has attracted attention among the publication’s 100,000-plus mostly US and European subscribers. The company noted that a link to this report circulated on the Australian social media platform HotCopper on the same day, potentially influencing investor interest.
Ongoing Technology and Commercial Progress
MTM highlighted its recent achievements, including securing long-term supply agreements for e-scrap materials and demonstrating strong precious metal recovery rates using its Flash Joule Heating process. The company also referenced recent collaboration agreements and the completion of key engineering milestones for its one-ton-per-day demonstration module. Site inspections for a pilot plant are underway, although discussions remain preliminary without guarantees of commercial terms.
Maintaining Transparency and Compliance
Reaffirming its commitment to transparency, MTM confirmed that its responses to the ASX’s queries were authorized under its continuous disclosure policy. The company emphasized that it continues to comply fully with ASX Listing Rules, ensuring that all material information is promptly disclosed to the market.
Looking Ahead
While the influence of the external report on MTM’s share price remains uncertain, the company’s ongoing technological advancements and commercial partnerships position it as a notable player in the critical metals sector. Investors will be watching closely for further developments on the pilot plant and binding supply agreements that could underpin future growth.
Bottom Line?
MTM’s market activity underscores the growing impact of external technology narratives on investor sentiment amid steady company progress.
Questions in the middle?
- Will MTM finalize binding supply agreements soon, and how will they impact revenue?
- What are the timelines and commercial prospects for the Flash Joule Heating pilot plant?
- Could further external reports or endorsements continue to influence MTM’s share price?
