Directorate Changes
30/09/2025 07:00
RNS Number : 3086B
Metals One PLC
30 September 2025
30 September 2025
Metals One Plc
("Metals One" or the "Company")
Directorate Changes
Metals One (AIM: MET1), a critical and precious metals exploration and development company, is pleased to announce a number of Board and management changes as detailed below.
Alex King joins as Non-Executive Director
Alex King has been appointed as a Non-Executive Director of the Company. Mr King is a geologist, company executive and non-executive director with 16 years' experience in mineral exploration, natural resources, and renewable energy developments. He has experience in developing metalliferous exploration assets across numerous commodities and regions with a particular focus on precious metals and critical minerals. Alex is the Founder and CEO of Tower Group, a UK infrastructure development company. He is a Master of the Camborne School of Mines. Mr King's technical knowledge and commercial expertise in the mining industry makes him a valuable addition to the Metals One Board.
Fungai Ndoro joins as Non-Executive Director
Fungai Ndoro has been appointed as a Non-Executive Director of the Company. Ms Ndoro is a corporate finance professional with a 15-year track record of advising and supporting growth companies engaged in capital market activity in the UK over a broad range of corporate transactions and complex restructurings for listed public companies. Ms Ndoro's expertise in deal execution, regulatory compliance, and strategic governance will be of benefit to Metals One's Board following a period of accelerated portfolio expansion.
Craig Moulton moves from Non-Executive Chair to Executive Chair
Craig Moulton, who has been a Non-Executive Director of the Company since its IPO in 2023 and is currently Non-Executive Chair, will assume the role of Executive Chair with primary responsibility for overseeing exploration programmes and project due diligence. Mr Moulton is an experienced geologist and mineral economist with over 30 years' global experience across the mining value chain including at Rio Tinto and Cleveland Cliffs.
Daniel Maling moves from CFO to Managing Director
Daniel Maling, who has been a director and Chief Financial Officer of the Company since its IPO in 2023, will assume the role of Managing Director, and will be responsible for managing Metals One's day-to-day activities including overseeing the Company's projects and business development. Mr Maling is a member and Fellow of the Chartered Accountants of Australia & New Zealand and has over 25 years of senior corporate, business development and commercial management experience in the natural resource sector.
Jonathan Owen steps down as CEO
Mr Maling and Mr Moulton will share the executive responsibilities previously discharged by Jonathan Owen, who has stepped down as Chief Executive Officer and as a director of the Company to pursue other business commitments.
Adam Monaco joins as CFO
Adam Monaco, who has served as a finance consultant through Orana to Metals One since its IPO in 2023, will become Chief Financial Officer (a non-board position). Adam is a member of the Chartered Accountants of Australia & New Zealand who began his career in audit and assurance with RSM Australia where he specialised in working with SMEs including within the mining sector.
All of the above changes are effective immediately. Further information regarding the appointments of Mr King and Ms Ndoro in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies (the "AIM Rules") is set out in the appendix of this announcement.
Craig Moulton, Executive Chair of Metals One, commented:
"The refinancing of the Company earlier this year was a catalyst for significant portfolio expansion, with Metals One now holding interests across 14 projects and investments of various sizes. This is a suitable moment for some Board and management changes to support Metals One's needs going forward. As such, I'm delighted to welcome two new non-executive directors in Alex King and Fungai Ndoro. Alex's geological expertise will be a valuable addition to the brains trust as we develop exploration work programmes and review new opportunities, while Fungai's capital markets and governance experience will strengthen the Board.
I also welcome Daniel Maling to a broader executive leadership role. With his considerable networks within global capital markets and the mining industry, Daniel is well placed to lead the day-to-day operations of the Company, supported by Adam Monaco on the finance front, an experienced finance executive who has been consulting for Metals One since inception.
Finally, on behalf of the Board, I would like to thank Jonathan Owen for his leadership and commitment throughout his tenure as Chief Executive Officer, which has included project managing a doubling of the Company's Mineral Resource and delivering a Preliminary Economic Assessment at the Black Schist nickel project in Finland. We wish him the best of success in his future endeavours."
Enquiries:
| Metals One Plc Daniel Maling, Managing Director Craig Moulton, Chairman | info@metals-one.com +44 (0)20 7981 2576 |
| Beaumont Cornish Limited (Nominated Adviser) James Biddle / Roland Cornish | +44 (0)20 7628 3396 |
| Capital Plus Partners Limited (Broker) Jonathan Critchley | +44 (0)207 432 0501 |
| Vigo Consulting (UK Investor Relations) Ben Simons / Fiona Hetherington / Anna Stacey | IR.MetalsOne@vigoconsulting.com+44 (0)20 7390 0230 |
| Fairfax Partners Inc (North America Investor Relations) | connect@fairfaxpartners.ca +1 604 366 6277 |
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