HOUSTON, March 13, 2025 /PRNewswire/ — MTM Critical Metals ((ASX: MTM, OTCQB:MTMCF) announced it has signed a memorandum of Understanding with Vendanta, Ltd., a global giant in aluminum production and industrial sustainability.
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