Australia's Metallium hits record high on North American rare earths deal

Shares of Metallium MTM.AX rise as much as 18.1% to an all-time high of A$1.140

The minerals extractor inks an agreement with North American co Ucore Rare Metals Inc UCU.V

Agreement allows each party to process each other's feedstocks

Co says agreement would create the pathway for taking a diverse range of rare earth element feedstocks to separated oxide products, which co says has been largely confined to China

YTD, MTM UP 326.9%, UCU up 352%