REG - Metals One PLC - Completion of Equity Fundraise

Metals OneAnnouncement

11/04/2025 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:20250411:nRSK6010Ea&default-theme=true

RNS Number : 6010E  Metals One PLC  11 April 2025

11 April 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Completion of Equity Fundraise

 

Further to the announcement of 31 January 2025, Metals One (AIM: MET1), which
is advancing strategic minerals projects in Finland and Norway, is pleased to
announce that all conditions in respect of the Equity Fundraise have been
satisfied and the Equity Fundraise has completed.

 

Together with the Retail Offer, the Equity Fundraise (including the CLN) has
delivered net proceeds of £3.1 million, putting the Company in a strong
financial position from which to advance its current copper and nickel
projects and diversify its commodity base and footprint through opportunistic
acquisitions that may include gold and defence minerals projects.

 

Pursuant to the Equity Fundraise, the Company will issue the Investors with
certificates for the Prepaid Warrants and the Cash Warrants which are
exercisable at a fixed price of 2p per warrant subject to the terms set out in
the 31 January 2025 announcement. The Cash Warrants are exercisable for a
period of six months from the date of grant and, if exercised, would bring in
up to £10 million in additional gross proceeds to the Company.

 

Capitalised terms used in this announcement have the same meaning as those
given to them in the 31 January 2025 announcement unless otherwise defined.

 

Jonathan Owen, CEO of Metals One, commented:

 

"The transaction completed today has the potential to bring in up to £15
million in gross proceeds to secure high impact metals exploration
opportunities, both within our existing projects and others we may look to
acquire. There are a lot of high-quality projects out there which lack the
resources to advance them. With the benefit of this funding, Metals One will
look to capitalise on this, applying smart exploration techniques to
high-impact opportunities. The first wave of these is likely to be our
drilling of high impact copper targets in Finland this year. We look forward
to announcing further details on our exploration programmes in the coming
weeks."

 

 

Enquiries:

 

 Metals One Plc                                                       via Vigo Consulting

 Jonathan Owen, Chief Executive Officer                               +44 (0)20 7390 0234

 Alastair Clayton, Chairman

 Beaumont Cornish Limited (Nominated Adviser)                         +44 (0)20 7628 3396

 James Biddle / Roland Cornish

 www.beaumontcornish.com (http://www.beaumontcornish.com)

 SI Capital Limited (Joint Broker)                                    +44 (0)14 8341 3500

 Nick Emerson

 Capital Plus Partners Limited (Joint Broker)                         +44 (0)20 3821 6169

 Jonathan Critchley

 https://www.capplus.co.uk/ (https://www.capplus.co.uk/)

 Vigo Consulting (Investor Relations)                                 +44 (0)20 7390 0234

 Ben Simons / Kendall Hill / Anna Stacey

 metalsone@vigoconsulting.com (mailto:metalsone@vigoconsulting.com)

 

About Metals One

 

Metals One is developing strategic metals projects in Finland and Norway,
aiming to help meet Europe's demand for strategic minerals sourced from within
the continent.

 

Metals One's 93.75%-owned Black Schist Projects in Finland total 706 km(2),
with an Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc, adjacent to
one of Europe's largest nickel producers.

 

Metals One's 39%-owned and fully carried Råna Project in Norway covers 18.14
km², with proven potential for massive sulphide nickel-cobalt-copper
mineralisation.

 

In 2025, Metals One announced the conditional acquisition of 100% of the
Hammaslahti Copper-Zinc Project and Outokumpu Copper Project in Finland, both
of which are associated with former operating mines. Subject to completion,
Metals One intends to commence exploration programmes, including drilling of
high-impact copper targets, in 2025.

 

 Metals One current European project portfolio

 

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)

 

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  ROIDGGDSCXBDGUG