Mt Monger Resources Ltd.: Innovative Flash Joule Heating Prototype Shows Remarkable Efficiency in Rare Earth Element and Critical Metal Recovery

Mt Monger Resources Ltd. (AU:MTM) has announced an update on the progress of their Flash Joule Heating (FJH) prototype. The prototype, developed by MTM Critical Metals Ltd., has shown significant improvement in the recovery of rare earth elements and critical metals from coal fly ash. The increase in recovery rates ranges from 50% to 514% compared to traditional acid leach methods.

The advancement, which has been scaled up 50 times from the initial proof of concept, also aims to reduce acid use and waste in the leaching process. This sustainable technology is expected to have a positive impact on the environment, making it a valuable asset for future investments.

Mt Monger Resources Ltd. is looking to expand testing to other metal-rich waste sources to improve the economic viability of this sustainable technology. If successful, this could lead to significant growth opportunities for the company and its shareholders.

For more information on AU:MTM stock, visit TipRanks’ Stock Analysis page.