REG - Metals One PLC - Directorate Changes

Metals OneAnnouncement

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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                                           info@metals-one.com (mailto:info@metals-one.com)

 Daniel Maling, Managing Director                         +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 (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 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).

 

Map of Metals One projects/investments

 

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.

 

APPENDIX

 

Regulatory disclosures (in accordance with Rule 17 and Schedule two paragraph
(g) of the AIM Rules)

 

Save for the information set out above and below, there are no further
disclosures to be made in accordance with Rule 17 and Schedule Two
paragraph(g) of the AIM Rules in respect of the appointments of the directors.

 

Alexander ("Alex") James Harwood King (aged 39) holds or has held the
following directorships or partnership in the past 5 years:

 

 Current directorships/partnerships  Former directorships/partnerships - last 5 years
 Additive.Earth Holdings LTD         None
 Pareta Innovations Limited
 Tower Green Holdings LTD
 Tower Property Developments Ltd
 Deterra Ltd

 

Alex King has been a Director of Tower Property Developments Ltd since October
2015. The company is engaged in a dispute with HMRC over a c.£53,000 VAT
assessment relating to an undeveloped land sale. The company contests this
charge and whilst HMRC has imposed no penalties, the matter remains under
mediation.

 

Fungai Ndoro (aged 38) holds or has held the following directorships or
partnership in the past 5 years:

 

 Current directorships/partnerships  Former directorships/partnerships - last 5 years
 FN Advisory Limited                 Hydrogen Future Industries PLC
 Vaultz Capital PLC                  Medcaw Investments PLC
                                     Oscillate PLC
                                     Tap Global Gorup PLC

 

Neither Fungai Ndoro nor Alex King hold a direct interest in the Company's
issued share capital.

 

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