MHM Metals Limited
The MHM Metals Limited (ASX:MHM) core business is processing wastes from the secondary aluminium industry known as salt cake and black dross. The unique MHM process efficiently separates the wastes into aluminium, a salt/potash blend and aluminium oxides. These are all valuable commodities and MHM enables the secondary aluminium industry to operate without the need to landfill these wastes.
The development of this technology is a substantial achievement in the global aluminium industry. MHM continues to refine and upgrade the operations at its first facility operating near Geelong in Australia and has recently commenced initial work in preparation for a large scale plant to be built in Kentucky USA.
MHM also retains areas of high purity silica in Tasmania that have potential for use in the production of silicon metal. The company is seeking supply contracts to underwrite the development of a silicon smelter while also considering options to fast-track production and offtake while lowering costs. MHM has engaged corporate advice on divesting these assets in a manner that would deliver maximum benefit to shareholders.