Mt Monger Resources Ltd. (AU:MTM) has recently announced the successful development of their Flash Joule Heating (FJH) prototype. This innovative technology is designed to recover rare earth elements and critical metals from coal fly ash, significantly improving recovery rates compared to traditional acid leach methods.
The FJH prototype has shown remarkable improvements in recovery rates, ranging from 50% to 514%, making it a promising solution for metal extraction from coal fly ash. In addition, this technology aims to reduce acid use and waste in the leaching process, making it more environmentally friendly than traditional methods.
Mt Monger Resources is excited about the potential of this new technology and plans to expand testing to other metal-rich waste sources. The company believes that this will improve the economic feasibility of this environmentally friendly technology, making it an attractive option for investors looking for sustainable solutions in the mining industry.
If you are interested in learning more about AU:MTM stock or want to stay up-to-date on the latest developments at Mt Monger Resources, visit TipRanks’ Stock Analysis page for more information.
