REG - Metals One PLC - Agreement to Treat Uranium Waste Dumps with DISA

Metals OneAnnouncement

04/09/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250904:nRSD9333Xa&default-theme=true

RNS Number : 9333X  Metals One PLC  04 September 2025

4 September 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Agreement to Treat Uranium Waste Dumps with DISA Technologies

 

Pathway for Metals One to generate revenue from US uranium and critical
minerals production

 

Further to the announcement on 13 August 2025 regarding the Company's
acquisition of 75% of Standard Minerals Inc. ("Standard"), which holds the
Radium Mountain and Wedding Bell uranium claims in Colorado (the "Colorado
Projects"), Metals One (AIM: MET1), a critical and precious metals exploration
and development company, is pleased to provide the following update.

 

Standard has signed a Term Sheet with DISA Technologies, Inc. ("DISA") to seek
to evaluate and, if successful, treat historically abandoned uranium mine
waste dumps and recover saleable uranium and other critical mineral
concentrates at the Colorado Projects. Standard holds the rights to uranium
minerals at the Colorado Projects on Bureau of Land Management ("BLM")
property.

 

Highlights:

 

·    Standard (Metals One 75%) to be paid a Gross Revenue Share of
saleable uranium and other critical mineral concentrates recovered from waste
dumps at the Colorado Projects via deployment of DISA's modular mobile plants
utilising the patented High-Pressure Slurry Ablation ("HPSA") system

·    No capex or opex payable by Standard

·    13 separate prospective waste dumps have been ground surveyed at the
Colorado Projects - others may be added to this inventory over time

·    Standard to receive a percentage of gross product sale revenue
stream, minus certain post-treatment allowable costs. A sliding scale with a
base rate of 2.5%, through to 4.0% in certain metals pricing environments

·    DISA to be operator of the Colorado Projects and pay all associated
costs of permitting, evaluation, treatment and ongoing remediation

 

Advantages of HPSA:

 

·    The HPSA process treats surface dumps of previously partially mined
and aggregated material

·    DISA has been working with the U.S. Nuclear Regulatory Commission
(NRC) since 2021 on a robust licensing process which is expected to conclude
soon - making it the first company to receive a Service Providers License
(SPL) to remediate abandoned uranium mine waste

·    Aside from extracting valuable uranium and critical minerals, the
process delivers significant improvements to the local environment and
watersheds by removing on average 90% of the uranium and radium-226 content
from the waste as evidenced by a treatability study DISA completed with the
U.S. Environmental Protection Agency

·    Strong US Government support for domestic recovery of uranium and
critical minerals from legacy mine waste. This activity is directly in line
with the recent Secretarial Order from the Department of the Interior (Order
No. 3436: Unlocking Critical and Strategic Minerals from Mine Waste, Cutting
Red Tape, and Restoring American Dominance in Strategic Mineral Production)

 

Next Steps:

 

·    Characterisation programme with a combination of assay and gamma
probe to determine likely quantities of uranium and other recoverable minerals
present in the waste piles

·    Application and completion of all requisite permits needed to
commence treatment of waste and recovery of payable concentrates using HPSA
technology

·    Future potential sale of metals concentrates and payment of gross
revenue to Standard

·    Parties will immediately move to finalise and execute a more detailed
binding agreement and complete any outstanding conditions precedent to the
transaction

 

Craig Moulton, Chair of Metals One, commented:

 

"We are delighted to have executed this Term Sheet with DISA, which creates a
pathway for Metals One to potentially generate revenue from our U.S. uranium
portfolio. I would like to thank the team at DISA and our project partner,
Thor Energy, for their collaboration in reaching this agreement.

 

DISA are global leaders in materials upgrading, and their patented HPSA
process is a breakthrough, non-chemical technology. Importantly, DISA's NRC
licensing process is expected to conclude soon making it the first company to
receive a Service Providers License (SPL) to remediate abandoned uranium mine
waste - an appealing regulatory framework. The process not only recovers
valuable uranium and critical minerals but also leaves the environment
significantly improved by remediating historic legacy sites.

 

Metals One has been strategically assembling a portfolio of U.S. uranium
exploration projects, and we now look forward to working with DISA to evaluate
broader applications of this technology across our portfolio."

 

 

Figure 1 - Example of Gen B modular HPSA components. Source: DISA.

 

Enquiries:

 

 Metals One Plc                                           info@metals-one.com (mailto:info@metals-one.com)

 Jonathan Owen, Chief Executive Officer                   +44 (0)20 7981 2576

 Craig Moulton, Chairman
 Beaumont Cornish Limited (Nominated Adviser)             +44 (0)20 7628 3396

 James Biddle / Roland Cornish
 Capital Plus Partners Limited (Joint Broker)             +44 (0)207 432 0501

 Jonathan Critchley
 Vigo Consulting (UK Investor Relations)                  IR.MetalsOne@vigoconsulting.com +44 (0)20 7390 0230

 Ben Simons / Fiona Hetherington / Anna Stacey
 Fairfax Partners Inc (North America Investor Relations)  connect@fairfaxpartners.ca (mailto:connect@fairfaxpartners.ca)

                                                          +1 604 366 6277

 

About Metals One

 

Metals One is pursuing a strategic portfolio of critical and precious metals
projects in low-risk jurisdictions, underpinned by the Western World's urgent
need for reliably and responsibly sourced raw materials, and record high gold
prices.

 

Metals One's shares are listed on the London Stock Exchange's AIM Market
(MET1).

 

Schedule of projects/investments:

 

 Project/Company                 Commodities      Location      Ownership  Acquisition Status
 Black Schist Project            Ni, Zn, Cu, Co   Finland       93.75%     Completed - July 2023
 CleanTech Lithium (AIM: CTL)    Li               Chile         10.7%      Pending CTL shareholder approval 29 August 2025
 Fulcrum Metals (AIM: FMET)      Au               Canada        5.9%       Completed - July 2025
 Lillefjellklumpen Project       PGE, Au, Ni, Cu  Norway        100%       SPA executed, completion pending
 Lions Bay Capital (TSX-V: LBI)  Au, Cu           South Africa  19.1%      Completed 1(st) Tranche - August 2025
 Radium Mountain Project         U, V             USA           75%        Completed - August 2025
 Råna Project                    Ni, Cu, Co       Norway        39%        Completed - July 2020
 Red Basin Project               U                USA           35%        Completed - August 2025
 Squaw Creek Project             U                USA           100%       Completed - July 2025
 Swales Project                  Au               USA           100%       Completed - June 2025
 Uravan Belt Project             U, V             USA           100%       Completed - July 2025
 Vanadium King Project           U, V             USA           75%        Completed - August 2025
 Wedding Bell Project            U, V             USA           75%        Completed - August 2025

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/metals-one-plc/
(https://www.linkedin.com/company/metals-one-plc/)

X: https://x.com/metals_one_PLC (https://x.com/metals_one_PLC)

 

Subscribe to our news alert service on the Investors page of our website at:
https://metals-one.com (https://metals-one.com/)

 

About DISA Technologies

 

Founded in 2018, DISA Technologies is revolutionising mineral recovery with
its patented High-Pressure Slurry Ablation (HPSA) technology - an innovative
solution that upgrades critical minerals from mined ore and legacy waste.
Serving both the mining and remediation sectors, DISA recovers valuable
resources that power industry, strengthen energy independence and restore
contaminated sites to productive use. DISA's technology unlocks economic and
environmental value, transforming how the world processes, remediates and
recycles essential mineral assets. DISA is headquartered in Casper, Wyoming,
with a satellite office in Westminster, Colorado.

 

Market Abuse Regulation (MAR) Disclosure

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms
part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018
('MAR').

 

Nominated Adviser

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSSEESDEISELU