MHM Metals Ltd. Lands First Contract in U.S.

MHM Metals Ltd., based in Australia, has landed its first overseas processing contract for the supply of feedstock to MHM’s first U.S. salt slag and black dross processing facility. The five-year contract has been structured as a tolling arrangement, where a fixed price per metric ton is charged to the customer with MHM returning aluminum and flux to the customer while retaining ownership of recovered aluminum oxide.

MHM adds that details of the contract will remain confidential, and the company did not divulge either the counterparty or contract terms.

MHM's core business is associated with waste recycling technologies in the aluminum industry, with operations in both Australia and the United States.

According to MHM, the completion of the contract will provide enough volume for it to commence with U.S. plant construction. There will likely be a number of confidential contracts entered on these terms, and MHM intends to provide overall contracted supply volumes. The anticipated throughput of its first U.S. plant remains between 200,000-250,000 metric tons per year.

MHM continues to engage with a number of other companies with substantial salt slag and black dross volumes and management is working diligently to secure additional processing contracts in the near future.